Petrovietnam Gas Joint Stock Corporation Overview
Pro stress-test →Petrovietnam Gas Joint Stock Corporation is a subsidiary of Vietnam Oil and Gas Group. The company engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam. The company offers liquefied petroleum gas, dry gas, condensate, compressed natural gas, and liquefied natural gas; supplies gas to power and fertilizer plants, industrial manufacturers, and transportation industries.
Strategic Profile
Pro stress-test →Established in 1990, PV GAS operates major projects concentrated in Thai Binh, Ho Chi Minh City, Vung Tau, and Ca Mau. The company maintains a diversified business model spanning gas infrastructure, distribution, and related support services. The company delivered a dividend yield of 3.08% in 2024 with a payout ratio of 48.23%, demonstrating strong cash generation and shareholder returns.
Competitive Landscape
Pro stress-test →As a subsidiary of the state-owned Vietnam Oil and Gas Group, Petrovietnam Gas operates in a sector dominated by PVN and its subsidiaries. The company holds a monopolistic position in gas distribution infrastructure across Vietnam, with limited direct competition in its core markets. Other PVN subsidiaries and international energy companies operating in Vietnam represent the broader competitive landscape.
Industry Context
Petrovietnam Gas Joint Stock Corporation operates in Oil & Gas - Distribution & Refining.
Key facts
Founded: 1990 · Headquarters: Ho Chi Minh City, Vietnam · Employees: 2,916 · Revenue: N/A · Market cap: $10.6B