Many growth indicators have increased significantly compared to the same period in 2023. For example, fuel prices increased by 23.5%; electricity production increased by 11%; LPG increased by 6.7%; ammonia production increased by 2.1%; polypropylene increased by 8.5%; and NPK increased by 2.6 times, contributing to market stability and making a significant contribution to the social and economic development of the country.
All financial indicators of the Corporation in the first two months of 2024 have exceeded the plan by 16-26%, showing high growth compared to the same period in 2023:
– Total revenue of the Corporation reached VND 145.4 trillion, equivalent to nearly USD 6 billion, exceeding the plan by 26% and increasing by 16% compared to the same period in 2023;
– Tax revenue of the Corporation is estimated to reach VND 20.1 trillion, exceeding the plan by 16% and increasing by 3.0% compared to the same period in 2023;
– The value of investment implementation of the Corporation in the first two months reached VND 3.14 trillion, equal to 81% of the two-month plan (VND 3.86 trillion), an increase of 58.6% compared to the same period in 2023 (VND 1.98 trillion);
– Consolidated pre-tax profit of the Corporation is estimated to exceed VND 7.7 trillion, exceeding the plan by 48%.
In 2024, the Corporation sets a target of total revenue of VND 734.2 trillion, profit of VND 22 trillion, and tax payment of VND 94 trillion.
PVN has previously achieved a series of business records in 2023, such as revenue of VND 943 trillion, equivalent to 9.2% of GDP, and profit of VND 54.5 trillion. Tax payment is estimated at VND 151.8 trillion, exceeding the annual plan by 94% and accounting for about 9.4% of the state budget revenue in 2023.
In recent years, PVN has focused on resolving many major and difficult tasks, such as difficult investment projects: Thai Binh 2 thermal power plant, B-O Mon gas-fired power project series, and gradually overcoming difficulties in the Nghi Son oil refinery project.
