Vietnam Evaluation Report Joint Stock Company (Vietnam Report) partnered with VietNamNet Newspaper to arrange the ceremony to unveil the VNR500 Ranking - Top 500 Large Enterprises Best in Vietnam in 2023 and the Top 50 Vietnam the Best Rankings (Top 50 Vietnam the Best) on January 18th, 2024, at the GEM Center in Ho Chi Minh City.

Vietnam Report announced its Top 50 Vietnam the Best rankings to honor and recognize the Top 50 Vietnamese enterprises with the highest revenue while maintaining operational effectiveness, stability, and sustainability for the years 2022–2023.

The global economy and international markets faced numerous challenges, intricate swings, and erratic events for the last year. The domestic environment is characterized by "dual" challenges from both outside and inside; investment in exploration and exploitation projects and growing domestic reserves have not advanced much; the prices of fuel, raw materials, and transportation expenses are highly variable, which has a significant impact on PTSC's business. To encounter with this challenging situation, PTSC has proactively innovated, grabbing business opportunities in the energy transition trend to develop new products, expand the offshore renewable energy services it offers, and encourage the development of services for international markets like the Middle East, India, Taiwan (China), Malaysia, Brunei, Indonesia, Thailand, etc. to counterbalance the traditional workload, which has steadily decreased in recent years as well as ensure the successful implementation of tasks and targets that have been assigned.

Representative of PTSC received the honor of Top 50 Vietnam the Best

As a result, PTSC increased its consolidated revenue to 20,2324 billion VND in 2023, an increase of 18% in comparison with 2022 or 153% of the 2023 plan. Realized consolidated profit before tax in 2023 was 1,098 billion VND, or 141% of the planned amount. PTSC’s efforts to shift its revenue structure to the foreign market to ensure continued development, stability, and sustainability are evident in the over 55% revenue share from services provided abroad, a significant increase from the previous year. Specifically, by engaging in the field of renewable energy, PTSC has created a new avenue for service development that will guarantee sustained growth in the years to come. 

Top 50 Vietnam the Best is not only a sophisticated playground for the country’s most successful companies and entrepreneurs but also a conduit for Vietnam brands to enter international markets. PTSC takes pride in being one of the typical businesses, playing an important role in stabilizing the economy and fostering opportunities for Vietnam’s economy to strive and grow.

Tran Thi Huyen Trang