PetroVietnam now has 32 subsidiaries listed on the local stock exchanges and these companies currently represent 14.3% of Vietnam’s market capitalization.
The PVN-Index is divided into three main groups, including the group of representative index, a group of investment index and group of industry index.
The group of representative index comprises all listed companies on three bourses namely Hochiminh Stock Exchange, Hanoi Stock Exchange and UPCoM, the last-named being the market for unlisted public companies.
The group of investment index, or PVN10, includes 10 leading companies in terms of capitalization value with adjustments on volume of freely traded shares and liquidity.
The group of industry index is classified under the ICB (Industry Classification Benchmark) international standards developed by the UK’s FTSE Company.
All indicators in the three groups are calculated by two methods, namely price index and total return index, to serve various investors. In addition, the PVN-Index is available in four currencies of U.S. dollar, euro, Japanese yen and Vietnam dong.
According a statement released by PetroVietnam, the index aims to provide complete and transparent information of oil and gas enterprises and lure investment into the industry. The group has assigned PetroVietnam Securities Inc. to build up the index.
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