Top 500 most profitable enterprises in Vietnam this year unveiled
Among the Top 10 most profitable enterprises this year were Vietnam Oil and Gas Group, Samsung Electronics Vietnam Thai Nguyen Co, Ltd, the Military Industry-Telecoms Group (Viettel), the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Honda Vietnam.
They were joined by Vingroup, PV Gas Vietnam, the Bank for Agriculture and Rural Development of Vietnam (BIDV), and Vietnam Dairy Products Joint Stock Company (Vinamilk).
Each of the recognized businesses have proved to be both effective and sustainable in the face of challenges brought about by the novel coronavirus (COVID-19) pandemic, while also maintaining a firm foothold in their sectors, therefore serving as pillars for the future development of the Vietnamese economy.
In this year's Profit500 rankings, a number of industries continued to record high numbers of businesses. Most notably, construction and real estate made up 23.9%, finance comprised of 11.6%, food and beverages with 10.9%, and electricity with 6.3%.
The event also saw Vietnam Report publish a bilingual report titled "Vietnam Earnings Insight 2020", with a focus placed on restructuring and recovering growth momentum as the nation moves into the new normal period following the successful containment of COVID-19.
The report details how the Vietnamese economy recorded a growth rate of 2.12% during the opening nine months of the year, the lowest level compared to the same period throughout the 2011 to 2020.
Despite this, the report outlines how amid challenges brought about by COVID-19, securing a positive growth rate can be considered a strong achievement for the local economy.
Furthermore, there is also information regarding the challenges faced by Vietnamese businesses within the report, as domestic firms battle to maintain production and business activities, in addition to ensuring social safety regulations while developing a suitable operating system in line with market trends.
Related News
Vietnam's most Profitable Enterprises in 2024: Many Indicators Significantly Improved
09:02 | 26/09/2024 Import-Export
Vietnam to achieve credit rating as set target
09:37 | 27/09/2024 Finance
Agricultural, forestry and fishery exports reach US$54 billion: A feasible task
09:20 | 24/09/2024 Import-Export
Binh Duong Customs: level of customs law compliance is improved
09:07 | 22/09/2024 Customs
Latest News
Robusta coffee price is higher than Arabica coffee price in Việt Nam
14:10 | 26/09/2024 Import-Export
Ready to export fresh coconut to the Chinese market
15:05 | 25/09/2024 Import-Export
Vietnam's durian dominates fruit exports, outpacing dragon fruit
15:01 | 25/09/2024 Import-Export
How to successfully manage businesses using ESG?
09:10 | 25/09/2024 Import-Export
More News
Despite recovery, wood and wood products export face new challenge
08:55 | 25/09/2024 Import-Export
Price hike helps pepper regain high export status
14:22 | 24/09/2024 Import-Export
Vietnam’s logistics transformation helps boost exports to EU
14:20 | 24/09/2024 Import-Export
Unique opportunity for businesses in the supporting industry
15:41 | 23/09/2024 Import-Export
Vietnam's exports to Singapore see significant growth
15:40 | 23/09/2024 Import-Export
Strategy issued to develop Vietnam’s semiconductor industry
15:38 | 23/09/2024 Import-Export
Import and export turnover in the second half of August increases by more than US$5 billion
10:06 | 23/09/2024 Import-Export
Spend over US$ 246 billion on imports of machinery and equipment
17:48 | 22/09/2024 Import-Export
Vietnam runs trade surplus of 2.4 billion USD with Philippines
17:46 | 22/09/2024 Import-Export
Your care
Robusta coffee price is higher than Arabica coffee price in Việt Nam
14:10 | 26/09/2024 Import-Export
Vietnam's most Profitable Enterprises in 2024: Many Indicators Significantly Improved
09:02 | 26/09/2024 Import-Export
Ready to export fresh coconut to the Chinese market
15:05 | 25/09/2024 Import-Export
Vietnam's durian dominates fruit exports, outpacing dragon fruit
15:01 | 25/09/2024 Import-Export
How to successfully manage businesses using ESG?
09:10 | 25/09/2024 Import-Export