GROUP ASSIGNMENT

PETRO VIETNAM GAS

Group 3
Group 2
Trần Hà Vân Anh
Hà Kiều Anh
Trương Bảo Trân
Nguyễn Huỳnh Thảo Vy
Lê Thanh Hưng
DISCUSSION OUTLINE
A. Introduction
I. The background information of the company
II. The position and market share of the company in the market, Find its direct
competitors?
III. The shareholder's structure and important shareholders of the chosen company.
B. Analyze:
I. Analyze in detail the changing of financial statements
II. Which kind of activity brings the largest revenue and profit for the company
III. Compared to the previous financial year, comment on the effectiveness of the chosen
company in 2022
IV. What are your recommendations for the accounting department of the company?
V. Conclusion
A. Introduction
History
was established on the basis of Vung Tau
September Petroleum Project Management Board
20, 1990 with the initial name of Gas Company

was converted into Gas

November
Products Processing and
Trading Company Limited. 17, 2006

Vietnam Gas Corporation was

On July 18,
established on the basis of reorganizing
2007 Gas Product Processing

PV GAS switched to
operating under the joint On May 16,
stock company model. 2011
 Visson and Misson
Visson
Transform PV GAS into a competitive, sustainable gas
company with a global presence in the gas industry.

Misson

PV GAS provides natural energy for national

development, emphasizing customer and partner
relations, brand sustainability, and attracting
investments to safeguard shareholders and investors'
interests.
 Core value

Efficiency: PV GAS emphasizes clear goals, resource

optimization, knowledge, skills, and product quality in its
employees' work, promoting productivity.
Safety: PV GAS prioritizes safety by analyzing risks,
standardizing processes, and adhering to regulations to
protect people, property, and the environment.
Innovation: PV GAS drives continuous development through
proactive learning, identifying improvement opportunities,
and applying innovative methods for efficient solutions.
Solidarity: PV GAS employees unite for a common goal,
fostering unity in direction, collaborative action, and
resource sharing.
Professional: PV GAS seeks employees with clear goals, high
standards, expertise, dedication, and emotional balance for
effective problem-solving.
 Objectives

PV Gas aims to become a competitive enterprise

involved in the entire gas value chain, leading in
the Vietnamese gas industry and aiming for
recognition in the ASEAN and Asian gas sectors.
They target a 100% market share in dry gas and
50-60% in LPG nationally, with a revenue
structure of 64% from gas and LNG, 29% from gas
products, and 7% from gas services.
 GAS EXPLOITATION,

MAIN BUSINESS PRODUCTION AND

DISTRIBUTION
GAS STORAGE AND
ACTIVITIES: TRANSPORTATION
GAS EXPORT AND IMPORT
ENGINEERING AND TECHNOLOGY
SERVICES
DEVELOPING CLEAN ENERGY
PROJECTS
 Diversifying gas supply sources: PV GAS is
determined to maintain its leading position in the
collection and supply of gas. The company
participates in gas collection activities from both
domestic and international sources, creating
conditions for controlling the gas supply source.

STRATEGIC Gas product business: PV GAS will maintain its

vital role in the liquefied petroleum gas (LPG)

PLANNING
market. The company strives to retain a
nationwide LPG market share, with over 50% of
the wholesale LPG market and 30% of the
commercial and residential LPG market.
Additionally, PV GAS will develop the PV GAS
brand and participate in the international market
with an efficiency-oriented approach.
Focus on developing natural
compressed gas (CNG), liquefied natural
gas (LNG), urban gas (Gas City),
automotive gas, and energy-saving
products (ES) throughout the country.
Service activities: PV GAS will continue
to play a leading role in the domestic
gas service
II. THE POSITION AND MARKET SHARE OF
THE COMPANY IN THE MARKET, FIND ITS
DIRECT COMPETITORS.
Market share : PV GAS meets the raw material
and fuel input needs to produce nearly 11% of
electricity output, 70% of the country's nitrogen
demand and occupies about 65 - 70% of the
national LPG market share.
Direct competitors:
PetroVietnam Exploration Production
Corporation (PVEP)
Saigon Petro
Vietsovpetro
III. THE SHAREHOLDER'S
STRUCTURE AND IMPORTANT
SHAREHOLDERS OF THE CHOSEN
COMPANY
B. ANALYZE
I. ANALYZE IN DETAIL THE CHANGING OF FINANCIAL STATEMENTS
TOTAL ASSET ( BALANCE SHEET )

TOTAL LIABILITIES ( BALANCE SHEET )

TOTAL EQUITY ( BALANCESHEET )

I. ANALYZE IN DETAIL THE CHANGING OF FINANCIAL STATEMENTS

REVENUE FROM SALES AND PROVISION OF SERVICE ( INCOME

STATEMENT )

GROSS PROFIT: REVENUE - COST OF GOOD SOLD (COGS) ( INCOME STATEMENT )

I. ANALYZE IN DETAIL THE CHANGING OF FINANCIAL STATEMENTS

NET OPERATING PROFIT ( INCOME STATEMENT )

INCOME TAX EXPENSE ( INCOME STATEMENT )

NET PROFIT AFTER TAX ( INCOME STATEMENT)

EARNING PER SHARE ( INCOME STATEMENT)

 Analyze in detail the change of Cash Flow Statement
NET CASH FLOW FROM OPERATING ACTIVITIES

NET CASH FLOW FROM INVESTING ACTIVITIES

NET CASH FLOW FROM FINANCING ACTIVITIES

 DEBT RATIO : TOTAL LIABILITIES / TOTAL ASSET
( TOTAL LIABILITIES VÀ TOTAL ASSET IN BALANCE SHEET )

PVG's debt ratio in both 2021 and 2022 is always low, both less than 1, and
tends to decrease. In 2021, the company will reach 0.33 and decrease to
0.26 in 2022 showing that the company has little debt and is financially
independent.
 CURRENT RATIO : CURRENT ASSET / CURRENT LIABILITIES
( CURRENT ASSET VÀ CURRENT LIABILITIES IN BALANCE SHEET )

PVG's current ratio in 2 years from 2021 to 2022 is greater than 1. In 2021, the
company's current ratio is 3.01 and then increases to 4.44 in 2022. And it shows the
possibility that the company's ability to pay short-term debt is good and stable.
 EQUITY RATIO : TOTAL EQUITY / TOTAL ASSET
( TOTAL EQUITY VÀ TOTAL ASSET IN BALANCE SHEET )

PVG's debt-to-equity ratio is quite low when both years are below
1. In 2021, the company will reach 0.66 and in 2022 it will reach
0.74
=> This shows that PVG has a stable business and is always
financially independent.
RETURN TO TOTAL ASSET RATIO ( ROA ) : NET INCOME / TOTAL ASSET
( NET INCOME VÀ TOTAL ASSET IN BALANCE SHEET )

PVG's ROA is not good as it is quite small. In 2021, the company will reach 11.23%
and in 2022 it will be only 18.22%. However, due to the impact of the Covid - 19
pandemic, the company is showing signs of growth again.
WHICH KIND OF ACTIVITY BRINGS THE LARGEST REVENUE
AND PROFIT FOR THE COMPANY?

According to statistics from the company's cash flow statement,

operating activities bring the largest revenue and profit to the company.
Because, operating activities have had a large growth rate when in 2021
revenue and profit were at (+) but by 2022 they had reached(+).
PVG's debt ratio in 2021, the company
will reach 0.33 and decrease to 0.26 in
2022
COMPARED TO THE
=> showing that the company has
little debt and is financially
PREVIOUS FINANCAL
independent.
YEAR, COMMENT TO
PVG's current ratio in 2021, the
company's current ratio is 3.01 and
THE EFFECTIVENESS
then increases to 4.44 in 2022. And it
shows the possibility that the
OF THE CHOSEN
company's ability to pay short-term
debt is good and stable. COMPANY IN 2022
PVG's debt-to-equity ratio in 2021,
the company will reach 0.66 and in
COMPARED TO THE
2022 it will reach 0.74 => This shows
that PVG has a stable business and is
PREVIOUS FINANCAL
always financially independent.
YEAR, COMMENT TO
PVG's ROA in 2021, the company will
reach 11.28% and in 2022 it will be
THE EFFECTIVENESS
only 18.22%. However, due to the
impact of the COVID-19 pandemic,
OF THE CHOSEN
the company is showing signs of
growth again.
COMPANY IN 2022
 AUTOMATE ROUTINE TASKS

TECHNOLOGICAL CLOUD ACCOUNTING

SOFTWARE

FACTORS: DATA ANALYTICS AND

BUSINESS INTELLIGENCE
 TRAINING AND
DEVELOPMENT PROGRAMS

HUMAN RESOURCES CROSS-FUNCTIONAL TEAM

COLLABORATION
INITIATIVES:
EMPLOYEE ENGAGEMENT
AND WELL-BEING
CONCLUSION
Through analysis and statistics of PVG's
financial data from 2021 - 2022, it can be seen
that the company is having stable and effective
business operations. Affirming its leading
position in the current oil and gas market.