Vietnam’s most profitable companies named

Vietnam’s Most Profitable Companies Named

Hanoi-based business advisory and market research firm Vietnam Report has released its latest Vietnam Profit 500 list, an annual ranking of the 500 most profitable corporations and the 500 most profitable private enterprises in the country.

The top five most profitable corporations are oil and gas giant Petrovietnam, Samsung Electronics Vietnam, telecom company Viettel, Vietcombank and Honda Vietnam.

The list of the top five private companies with the highest profits comprises of business conglomerate Vingroup, dairy firm Vinamilk, Techcombank, steel and metal manufacturer Hoa Phat Group, as well as VPBank.

A sub-ranking of the Top 50 most profitable companies includes companies such as discount carrier VietJet, Truong Hai Auto,  brewery Sabeco, consumer goods, resources and banking holding Masan Group, real estate developer Novaland, financial services group FE Credit, as well as Housing and Development Bank.

Ranking based on several accounting indicators

According to the ranking, the inclusion of the companies on this list are based on the weighted score of several main indicators reflecting their profitability such as return on assets, return on equity , rate of return, pre-tax profit and revenue. The ranking also looks at the most profitable companies in each industry.

“The companies appearing on the list were capable of generating healthy profits and contributing to the overall economic development of Vietnam, thus supporting the promotion of Vietnamese brands both at home and abroad,” Vietnam Report said.

The companies on this list are seen to have the potential “to become a pillar for the development of Vietnam’s economy,” it said, and also to contribute to promoting Vietnamese business brands to the domestic and international business markets.

Businesses participating in the survey all assessed that their production and business activities this year were more prosperous than the previous year. Of the total number of the companies, 82 per cent said they think that 2019 revenue is expected to increase over 2018, and 79 per cent believe that profit after tax will also increase compared to 2018.

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Hanoi-based business advisory and market research firm Vietnam Report has released its latest Vietnam Profit 500 list, an annual ranking of the 500 most profitable corporations and the 500 most profitable private enterprises in the country. The top five most profitable corporations are oil and gas giant Petrovietnam, Samsung Electronics Vietnam, telecom company Viettel, Vietcombank and Honda Vietnam. The list of the top five private companies with the highest profits comprises of business conglomerate Vingroup, dairy firm Vinamilk, Techcombank, steel and metal manufacturer Hoa Phat Group, as well as VPBank. A sub-ranking of the Top 50 most profitable companies includes...

Vietnam’s Most Profitable Companies Named

Hanoi-based business advisory and market research firm Vietnam Report has released its latest Vietnam Profit 500 list, an annual ranking of the 500 most profitable corporations and the 500 most profitable private enterprises in the country.

The top five most profitable corporations are oil and gas giant Petrovietnam, Samsung Electronics Vietnam, telecom company Viettel, Vietcombank and Honda Vietnam.

The list of the top five private companies with the highest profits comprises of business conglomerate Vingroup, dairy firm Vinamilk, Techcombank, steel and metal manufacturer Hoa Phat Group, as well as VPBank.

A sub-ranking of the Top 50 most profitable companies includes companies such as discount carrier VietJet, Truong Hai Auto,  brewery Sabeco, consumer goods, resources and banking holding Masan Group, real estate developer Novaland, financial services group FE Credit, as well as Housing and Development Bank.

Ranking based on several accounting indicators

According to the ranking, the inclusion of the companies on this list are based on the weighted score of several main indicators reflecting their profitability such as return on assets, return on equity , rate of return, pre-tax profit and revenue. The ranking also looks at the most profitable companies in each industry.

“The companies appearing on the list were capable of generating healthy profits and contributing to the overall economic development of Vietnam, thus supporting the promotion of Vietnamese brands both at home and abroad,” Vietnam Report said.

The companies on this list are seen to have the potential “to become a pillar for the development of Vietnam’s economy,” it said, and also to contribute to promoting Vietnamese business brands to the domestic and international business markets.

Businesses participating in the survey all assessed that their production and business activities this year were more prosperous than the previous year. Of the total number of the companies, 82 per cent said they think that 2019 revenue is expected to increase over 2018, and 79 per cent believe that profit after tax will also increase compared to 2018.

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