The compounded annual growth rate of the country’s 500 largest private businesses over the last few years (Source: VNR) Hanoi (VNA) – The list of top 500 largest enterprises in Vietnam (VNR500) hasbeen unveiled, showing that Vietnam’sprivate sector continued to post strong growth with the compounded annualgrowth rate (CAGR) among private firms rising significantly, reaching 21.8 percentin the 2014-2017 period.
This information was included in the recentlyreleased VNR500 Ranking for 2018, which ranked the top 500 largest businessesin the country and is compiled by Vietnam Report JSC in cooperation with VietNamNet newspaper.
This is the 12th consecutive year that theVNR500 has been announced to honour the achievements of the most successfulenterprises in Vietnam. Vietnam Report also announced the top 500 largestprivate enterprises.
According to theVNR500, the top 10 largest enterprises in Vietnam by revenue in 2018 included Samsung Electronics Vietnam Co Ltd., Electricityof Vietnam (EVN), Vietnam National Oil and Gas Group (PetroVietnam), ViettelMilitary Industry and Telecoms Group, Vietnam National Petroleum Group(Petrolimex), Vingroup JSC, Vietnam Bank for Agriculture and RuralDevelopment (Agribank), Joint Stock Bank for Investment and Development of Vietnam(BIDV), Honda Vietnam Company and Vietnam Airlines Corporation.
Meanwhile, the top 10largest private enterprises in Vietnam by revenue in 2018 are Vingroup JSC, Mobile World InvestmentCorporation, Vietnam Dairy Product JSC, DOJI Gold and Gems Group, Truong HaiAuto Corporation, Hoa Phat Group JSC, FPT Corporation, Vietjet Aviation JSC,Vietnam Prosperity Joint Stock Commercial Bank and Masan Group Corp.
The five sectors that contributed the mostrevenue to the 500 largest companies were finance (15.1 percent); food,beverages and cigarettes (14.3 percent); construction, building materials andreal estate (13.9 percent); steel (11.7 percent) and telecommunications andinformation technology (9.2 percent). These five sectors accounted for 64.2 percentof total revenue and 75.5 percent of the net profit of the 500 enterprises onthe list.
A recent statistic from the General StatisticsOffice also showed a significant contribution by the private sector. Thefigures calculated at the end of 2016 showed that private sector enterprisesgenerated 9,760 trillion VND (420 billion USD) in revenue, accounting for 56 percentof the economy’s total revenue in 2016, while State-owned enterprises (SOEs)generated only 2,880 trillion VND (123.9 billion USD), accounting for 16 percentof the total.
In terms of profit, the private sector generatedmore than 188 trillion VND (8 billion USD), accounting for 26.4 percent of thetotal profit of all enterprises, while SOEs generated more than 197 trillionVND (8.47 billion USD), accounting for 27.7 percent. The remaining 45.9 percentof profit was generated by other economic sectors.
The ranking also saw a positive change in theeconomic structure. Over the past few years, the proportion of revenue fromlarge enterprises in the service and industrial sectors has increasedsignificantly.
There were also positive changes within thesectors. For the industrial sector, product structures are changing to bettermeet market needs. The processing industry increased its revenue proportionwhile the mining industry decreased. In 2018, the processing industry accountedfor 43.7 percent of the industrial sector’s revenue in the VNR500 ranking whilethe mining industry accounted for 12 percent.
A ceremony to officially announce the rankingsis scheduled to be held on January 16, 2019 at Rex Hotel in Ho Chi MinhCity.-VNA
This information was included in the recentlyreleased VNR500 Ranking for 2018, which ranked the top 500 largest businessesin the country and is compiled by Vietnam Report JSC in cooperation with VietNamNet newspaper.
This is the 12th consecutive year that theVNR500 has been announced to honour the achievements of the most successfulenterprises in Vietnam. Vietnam Report also announced the top 500 largestprivate enterprises.
According to theVNR500, the top 10 largest enterprises in Vietnam by revenue in 2018 included Samsung Electronics Vietnam Co Ltd., Electricityof Vietnam (EVN), Vietnam National Oil and Gas Group (PetroVietnam), ViettelMilitary Industry and Telecoms Group, Vietnam National Petroleum Group(Petrolimex), Vingroup JSC, Vietnam Bank for Agriculture and RuralDevelopment (Agribank), Joint Stock Bank for Investment and Development of Vietnam(BIDV), Honda Vietnam Company and Vietnam Airlines Corporation.
Meanwhile, the top 10largest private enterprises in Vietnam by revenue in 2018 are Vingroup JSC, Mobile World InvestmentCorporation, Vietnam Dairy Product JSC, DOJI Gold and Gems Group, Truong HaiAuto Corporation, Hoa Phat Group JSC, FPT Corporation, Vietjet Aviation JSC,Vietnam Prosperity Joint Stock Commercial Bank and Masan Group Corp.
The five sectors that contributed the mostrevenue to the 500 largest companies were finance (15.1 percent); food,beverages and cigarettes (14.3 percent); construction, building materials andreal estate (13.9 percent); steel (11.7 percent) and telecommunications andinformation technology (9.2 percent). These five sectors accounted for 64.2 percentof total revenue and 75.5 percent of the net profit of the 500 enterprises onthe list.
A recent statistic from the General StatisticsOffice also showed a significant contribution by the private sector. Thefigures calculated at the end of 2016 showed that private sector enterprisesgenerated 9,760 trillion VND (420 billion USD) in revenue, accounting for 56 percentof the economy’s total revenue in 2016, while State-owned enterprises (SOEs)generated only 2,880 trillion VND (123.9 billion USD), accounting for 16 percentof the total.
In terms of profit, the private sector generatedmore than 188 trillion VND (8 billion USD), accounting for 26.4 percent of thetotal profit of all enterprises, while SOEs generated more than 197 trillionVND (8.47 billion USD), accounting for 27.7 percent. The remaining 45.9 percentof profit was generated by other economic sectors.
The ranking also saw a positive change in theeconomic structure. Over the past few years, the proportion of revenue fromlarge enterprises in the service and industrial sectors has increasedsignificantly.
There were also positive changes within thesectors. For the industrial sector, product structures are changing to bettermeet market needs. The processing industry increased its revenue proportionwhile the mining industry decreased. In 2018, the processing industry accountedfor 43.7 percent of the industrial sector’s revenue in the VNR500 ranking whilethe mining industry accounted for 12 percent.
A ceremony to officially announce the rankingsis scheduled to be held on January 16, 2019 at Rex Hotel in Ho Chi MinhCity.-VNA
VNA
