A member of the Petroleum Group pays nearly 5 billion VND/year to many senior leaders

According to the audited financial report of 2024 from the Vietnam Petroleum Technical Services Corporation (PTSC), the revenue reached 23.770 trillion VND, an increase of 22.7% compared to 2023, with a post-tax profit of 1.254 trillion VND, up 18.3% from the previous year. Total salary for key leaders amounted to 58 billion VND, rising by 27%. Specifically, Chairman Phan Thanh Tùng received nearly 4.9 billion VND, while CEO Trần Hồ Bắc received 4.5 billion VND. Other board members received between 3.6 to 4 billion VND each; independent board members earned between 530-630 million VND. As of December 31, 2024, total assets reached approximately 34.076 trillion VND, with 15.308 trillion VND in cash and short-term financial investments. PVS shares were priced at 32,600 VND, with a market capitalization of over 15.581 trillion VND, down 21% in the past six months.