Top 500 largest Vietnamese enterprises for 2020 announced

Source: VOV

20:48 | 10/11/2020 Import-Export Follow english.haiquanonline.com.vn on

Vietnam Report, in co-operation with the VietNamNet newspaper, announced on November 10 the nation’s 500 largest enterprises for the year, known as the VNR500.

List of top 10 Vietnamese enterprises in VNR500 Ranking

List of top 10 Vietnamese enterprises in VNR500 Ranking

The latest version marks the 14th consecutive year that the VNR500 has been announced as a means of honouring the achievements of the country’s most successful enterprises.

Featured on the list are Samsung Electronics Thai Nguyen Co Ltd, Vietnam Electricity (EVN), Vietnam Oil and Gas Group (PetroVietnam), Viettel Military Industry and Telecoms Group (Viettel), and Vietnam National Petroleum Group (Petrolimex). They are joined by the likes of Vingroup, the Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin), the Vietnam Bank for Agriculture and Rural Development (Agribank), and Mobile World Investment Corporation (MWG).

This year's VNR500 Ranking continues to recognise the significant growth of Vietnamese businesses operating in the service and industrial sector as they made up over 97.3% of revenue in 2019, while the agricultural sector only accounted for 2.7%.

Most notably, the sectors that contributed the most revenue to the VNR500 include engineering, construction, building materials and real estate, finance, transportation and logistics, along with telecommunications and information technology.

The report states the inclusion and ranking of each enterprise in the list are entirely objective and independent based on the weighted score of several main indicators which reflect their profitability, such as a Return On Assets (ROA), Return On Equity (ROE), in addition to pre-tax profits and revenue.

This year, the average ROA of listed Vietnamese firms reached 5.73%, representing a sharp increase compared to the 2.78% figure seen during the VNR500 Ranking in 2019.

Furthermore, the average ROE hit 16.24%, a boost of 2.44% compared to last year’s VNR500 Ranking.

Moreover, the Return On Sales (ROS) of Vietnamese enterprises in the VNR500 Ranking also witnessed an increase of 6.58% this year, 0.26% higher than last year.

Vietnam Report also announced the top 500 largest private enterprises.

The announcement and awards ceremony of this year’s VNR500 Ranking is set to be held in Hanoi on January 8, 2021.

Source: VOV

vov.vn

Tags:

Related News

Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

14:53 | 06/01/2025 Import-Export

VCN - Green transformation not only helps enterprises minimize the risk of being eliminated from important export markets, but also creates opportunities to build sustainable brands, enhance product value and reach high-end customer segments globally.

Flexible and proactive when exchange rates still fluctuate in 2025

11:03 | 30/12/2024 Finance

VCN - In the last days of 2024, as many forecasts, the US Federal Reserve (Fed) continued to cut interest rates, pushing the USD index up, creating pressure on domestic exchange rates. Therefore, domestic exchange rate management policies need to continue to be flexible and appropriate, thereby supporting businesses in import and export.

Enterprises focus on Tet care for employees

18:59 | 22/12/2024 Headlines

VCN - Tet bonuses are always an issue that receives special attention from employees at the end of each year. This year, the economy is facing many difficulties, many enterprises in the southern provinces have announced Tet bonuses, reflecting their tireless efforts to ensure the rights of employees.

Numerous FDI enterprises face suspension of customs procedures due to tax debt

09:57 | 18/12/2024 Anti-Smuggling

VCN - Several foreign direct investment (FDI) enterprises in HCM City have been subjected to coercive measures, including the suspension of customs procedures, for overdue import-export and domestic tax liabilities.

Latest News

Businesses must embrace new trends to boost exports to US: experts

08:07 | 16/01/2025 Import-Export

Trade cooperation between Việt Nam and the US presents both vast opportunities and significant challenges, as the latter enters a new phase with major adjustments to its economic and foreign policies, which are expected to have a wide-reaching impact on global trade and investment activities.

Việt Nam-China trade exceeded $205 billion in 2024

08:06 | 16/01/2025 Import-Export

Việt Nam-China trade reached a new record of US$205.2 billion in 2024, marking a new milestone in two-way trade.

Việt Nam tightens fruit inspections after warning from China

08:01 | 15/01/2025 Import-Export

The Plant Protection Department has urged local authorities and relevant agencies to strengthen the inspection and monitoring of durian cultivation areas and export packing facilities following a warning from China.

Brand building key to elevate Vietnamese fruit and vegetable sector: experts

08:00 | 15/01/2025 Import-Export

Trade promotion, product introduction and brand promotion also need to be innovated to attract customers effectively.

More News

Freight transport via China-Việt Nam cross-border trains posts rapid growth

08:01 | 13/01/2025 Import-Export

The Nanning branch of China Railway Group Limited reported a sharp increase in freight transport on the China-Việt Nam cross-border railway last year, with trains departing from Guangxi carrying a total of 19,670 containers, marking a staggering annual increase of 1,153 per cent.

Vietnamese retail industry expects bright future ahead

06:22 | 11/01/2025 Import-Export

With a young and dynamic population, rising incomes and increasing urbanisation, the sector is emerging as one of the most promising engines for economic expansion in the coming years.

Complying with regulations of each market for smooth fruit and vegetable exports

13:06 | 09/01/2025 Import-Export

VCN - According to Mr. Dang Phuc Nguyen (photo), General Secretary of the Vietnam Fruit and Vegetable Association (Vinafruit), with the development momentum and increasing consumption demand from the Chinese market, the Vietnamese fruit and vegetable industry is setting new records and is expected to reach an export turnover of US $10 billion by 2030. With great potential and advantages in developing agricultural products, Vietnam has been affirming its position as one of the world's leading agricultural exporters.

Fruit and vegetable industry aims for $10 billion in exports by 2030

15:12 | 07/01/2025 Import-Export

Based on impressive export results in recent years, Việt Nam’s fruit and vegetable industry has set a target of achieving US$10 billion in export value by 2030, according to the Việt Nam Fruit and Vegetables Association.

GDP grows by over 7 per cent, exceeds target for 2024

15:11 | 07/01/2025 Import-Export

The growth rate is relatively impressive for the 2011-24 period, only lower than the rates of 2018, 2019 and 2022.

Vietnamese pepper: decline in volume, surge in value

15:10 | 07/01/2025 Import-Export

In December 2024, Việt Nam exported 15,265 tonnes of pepper of all types, including 12,771 tonnes of black pepper and 2,494 tonnes of white pepper, generating a total turnover of $100.6 million.

Việt Nam maintains position as RoK’s third largest trading partner

15:09 | 07/01/2025 Import-Export

Việt Nam continued solidifying its position as the Republic of Korea (RoK)’s third-largest trading partner in 2024, trailing only China and the US, marking the third consecutive year of the significant trade relationship.

Greater efforts to be made for stronger cooperation with European-American market

15:08 | 06/01/2025 Import-Export

The European-American Market Department (MoIT) will monitor regional developments and explore opportunities to strengthen Việt Nam’s economic and trade ties.