Việt Nam’s 500 largest businesses in 2021 revealed

Workers at a factory of Samsung Electronics Thái Nguyên. The company tops the list of the 500 largest enterprises in Việt Nam in 2021. — VNA/VNS Photo

The Việt Nam Report JSC and online newspaper VietNamNet on November 30 revealed the 500 largest enterprises in Việt Nam (VNR500) and top 10 largest private companies this year.

On the VNR500 list are Samsung Electronics Thái Nguyên Company Limited, Việt Nam Electricity (EVN), Việt Nam Oil and Gas Group (PetroVietnam), Viettel Military Industry and Telecoms Group (Viettel), and Việt Nam National Petroleum Group (Petrolimex), among others.

The country’s 10 largest private enterprises include Vingroup, Mobile World Investment Corporation, Doji Group, Hòa Phát Group JSC, and Masan Group Corporation.

General Director of the Việt Nam Report JSC Vũ Đăng Vinh said that in its 15 years, the VNR 500 has honoured "locomotives" of the Vietnamese economy that demonstrate their mettle and steadfastness.

It also promotes the brand of Vietnamese firms to investors at home and abroad and forges links with leading entrepreneurs and scholars across the globe, he added.

The average return on asset (ROA) of the VNR500 enterprises inched down by 0.42 percentage points from 2020 to 5.31 per cent this year, and their average return on sales (ROS) saw a year-on-year decline of 0.43 percentage points to 6.15 per cent due to the severe impacts of the COVID-19 pandemic.

Meanwhile, the return on equity (ROE) marginally rose to 16.42 per cent from 16.24 per cent recorded last year.

The ROS in the State economic sector witnessed a 1.82 percentage point increase against the previous year.

Statistics of Việt Nam Report showed that 40.4 per cent of businesses maintained their growth momentum during 2019-2020 and the first nine months of this year.

In addition, 23.3 per cent of the firms have shown signs of recovery in January-September 2021.