500 most profitable enterprises in Vietnam announced

Source: VNA

15:14 | 11/09/2020 Finance Follow english.haiquanonline.com.vn on

The Vietnam Report has just announced the Profit 500 list, featuring the top 500 most profitable enterprises in Vietnam this year.

Techcombank included in Profit 500 list (Photo: VNA)

Prominent in the list are Vingroup, Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Vietnam Dairy Products JSC (Vinamilk), Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Military Commercial Joint Stock Bank (MBBank), Hoa Phat Group JSC, Asia Commercial Joint Stock Bank (ACB), and Truong Hai Auto Corporation.

In the 2020 Profit500, firms in construction, building materials and real estate accounted for 23.9%; finance, 11.6%; food and beverages, 10.9%; and electricity, 6.3%.

The return on asset (ROA) of the enterprises reached 11.4%, a slight decrease as compared to 11.9% recorded in the previous year.

However, their return on equity (REO) increased 21.7%, higher than 20.9% of the year before.

Apart from the Profit 500, the Vietnam Report also conducted a survey which unveils that 77.1% of the interviewed businesses have completed more than half of their yearly revenue target, with 31.6% of them fulfilling more than 80%.

Source: VNA

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