500 most profitable enterprises in Vietnam announced
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%.
Related News
Numerous FDI enterprises face suspension of customs procedures due to tax debt
09:57 | 18/12/2024 Anti-Smuggling
Enterprises face difficulties in tax refunds due to partners closing
10:01 | 17/12/2024 Finance
Answering many questions from businesses at dialogue conference on tax and customs policies
10:01 | 17/12/2024 Finance
Official implementation of the program encouraging enterprises to voluntarily comply with Customs Laws
18:31 | 21/12/2024 Customs
Latest News
Vietnam's stock market to develop strongly and sustainably
19:08 | 21/12/2024 Finance
Tax sector achieves revenue target of about VND1.7 million billion
18:32 | 21/12/2024 Finance
General inventory of public assets raises efficiency of use and management of country's resources
09:29 | 20/12/2024 Finance
Publicizes progress of public investment disbursement for important national projects
15:21 | 19/12/2024 Finance
More News
Six SOEs to be transferred back to industry ministry
15:38 | 18/12/2024 Finance
PM urges stronger measures to manage interest rates
16:53 | 17/12/2024 Finance
Six SOEs to be transferred back to industry ministry
16:48 | 17/12/2024 Finance
Vietnamese products: Conquering foreign customers in supermarket systems
16:45 | 17/12/2024 Finance
Strengthen the management and use of electronic invoices for e-commerce
11:24 | 16/12/2024 Finance
Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law
11:23 | 16/12/2024 Finance
Expansionary fiscal policy halts decline, boosts aggregate demand
19:27 | 14/12/2024 Finance
Ministry of Finance stands by enterprises and citizens
15:30 | 13/12/2024 Finance
Banks face difficulties in balancing capital raising and lending
15:29 | 13/12/2024 Finance
Your care
Vietnam's stock market to develop strongly and sustainably
19:08 | 21/12/2024 Finance
Tax sector achieves revenue target of about VND1.7 million billion
18:32 | 21/12/2024 Finance
General inventory of public assets raises efficiency of use and management of country's resources
09:29 | 20/12/2024 Finance
Publicizes progress of public investment disbursement for important national projects
15:21 | 19/12/2024 Finance
Six SOEs to be transferred back to industry ministry
15:38 | 18/12/2024 Finance