#Petrovietnam #PVN #PVOIL #FPT #Vinamilk #KinhTe #DauKhi #NangLuong #DoanhNghiepViet #TaiChinh
A state-owned corporation generates nearly 3 billion USD in foreign revenue but a profit margin of only about 1.8%, is this a miracle in bringing foreign currency to Vietnam or a game of huge revenue but too thin profits?
On June 17, 2026, information from the 2025 audited financial report of the Vietnam National Energy and Industry Group attracted great attention among investors. While many people think that FPT, Vinamilk or Viettel Global are the enterprises with the strongest international operations, in fact Petrovietnam is the enterprise that records the largest foreign revenue in Vietnam.
According to the report, Petrovietnam will achieve 82,943 billion VND in revenue from the international market in 2025, equivalent to nearly 3 billion USD. This is a number far exceeding many famous listed businesses on the stock market.
INTERNATIONAL REVENUE TABLE 2025
International Revenue Enterprise
Petrovietnam 82,943 billion VND
Viettel Global 44,271 billion VND
FPT 33,308 billion VND
Vinamilk 12,682 billion VND
VinFast 9,798 billion VND
What is worth noting is its foreign revenuePetrovietnam is larger than the total international revenue of FPT and Vinamilk combined.
If you add up the international revenue of FPT and Vinamilk, the total only reaches about 45,990 billion VND, much lower than 82,943 billion VND of Petrovietnam.
SINGAPORE IS PETROVIETNAM'S "GOLD MINE".
In the international revenue structure, Singapore plays an overwhelming role.
FOREIGN REVENUE STRUCTURE
Revenue Market
Singapore 73,910 billion VND
Other markets 9,033 billion VND
Total 82,943 billion VND
Singapore is currently the largest oil and gas trading center in Asia. Most of Petrovietnam's crude oil, fuel and energy product trading activities are carried out through this market.
One of the largest contributors is Vietnam Oil Corporation PVOIL.
PVOIL alone recorded international revenue of nearly 59,914 billion VND in 2025, a sharp increase compared to the previous year and became the main driving force pulling the entire group's foreign revenue to a record level.
HUGE REVENUE BUT MODEST PROFITS
This is the point that surprises many investors.
Despite earning nearly 83,000 billion VND in international revenue, gross profit only reached about 1,502 billion VND.
COMPARE REVENUE AND PROFIT
Value Indicator
International revenue 82,943 billion VNDGross profit 1,502 billion VND
Gross profit margin 1.8%
This number is significantly lower than for technology or consumer goods businesses.
COMPARE GROSS PROFIT Margin
Profit Margin Enterprise
Viettel Global 51.3%
Vinamilk 41%
FPT 29.8%
Petrovietnam international 1.8%
The reason comes from the characteristics of the oil and gas industry.
Crude oil, gasoline and energy trading activities often have a very large transaction value but the profit margin per unit of goods is much lower than software, telecommunications or consumer goods.
WHAT IS BEHIND THE NUMBER OF 83,000 BILLION VND
Petrovietnam not only sells domestic oil and gas but also participates in the global energy transaction chain.
The group currently has projects and business activities in Russia, Algeria, Malaysia, Singapore, Venezuela and many other countries.
Member units such as PVOIL, PVEP, BSR and international joint ventures play an important role in bringing large sources of foreign currency to Vietnam.
QUICK SUMMARY
Value Content
Petrovietnam international revenue 2025 82,943 billion VND
Revenue from Singapore 73,910 billion VND
International gross profit 1,502 billion VND
Gross profit margin 1.8%
PVOIL international revenue 59,914 billion VND
From a macroeconomic perspective, Petrovietnam is a tr...among the businesses that bring the largest foreign currency to Vietnam. Although profits are not as high as FPT, Vinamilk or Viettel Global, the transaction scale of tens of thousands of billions of VND each year helps the group play a particularly important role in the trade balance and national energy security.
There is a question that causes many investors to debate. If Petrovietnam can increase its profit margin from 1.8% to only 5%, will the group's profits explode and create a new "oil and gas super stock" in the Vietnamese market?
#Petrovietnam #PVN #PVOIL #DauKhi #NangLuong #KinhTeVietNam #TaiChinh #ChungKhan #DoanhNghiep #DauTu
