The Vietnam Oil and Gas Group (PVN) returned to the first place in the Profit500 Ranking, a survey on the 500 most profitable companies in Vietnam in 2018 (Illustrative photo: VNA)Hanoi (VNA) – The Vietnam Oil and Gas Group (PVN) returned to the first place in theProfit500 Ranking, a survey on the 500 most profitable companies in Vietnam in2018.
The survey wasannounced this week by the Vietnam Report in collaboration with VietnamNetonline newspaper.
The ranking aimed tohonour enterprises that are profitable, have potential to become key pillars ofthe Vietnamese economy and contribute to the introduction of Vietnamese brandsto the international business community.
The military-runtelecom group Viettel, Samsung, Honda, PV Gas, the Vietnam DairyProducts Company (Vinamilk), Vietcombank, Hoa Phat Group, Viettinbank and Vingroup alsomade into the Top 10.
According to thesurvey, the average pre-tax profit of the top 500 most profitable companies in2017 grew more than 65 percent from 2016. The sectors with the highest returnon asset (ROA) and return on equity (REO) were telecommunications, informationtechnology, pharmaceuticals, healthcare, transportation, food, beverages andcigarettes.
The survey said mostbusiness insiders expect technology to remain the leader in attractinginvestment.
Technology was themost common answer among enterprises (51.4 percent of respondents),construction and real estate (40 percent) and retail (34.3 percent).
In the Profit500Ranking, the companies with the highest average pre-tax profits are intelecommunications, information and technology. The enterprises have potentialto show stable growth profit indicators.
While the world ismoving towards the Fourth Industrial Revolution, the application of technologyin Vietnamese businesses is still in its early stages due to lack of capital,infrastructure and a skilled workforce.
Businesses expect theFourth Industrial Revolution to help cut their costs, optimise efficiency andincrease market share.
In the 2018Profit500, the number of firms in construction, building materials, real estate(14.8 percent), electricity (12.8 percent), finance (11.2 percent), and food,beverages and cigarettes (10.4 percent) accounted for a majority of businesseson the list.
The award ceremonyfor the ranking will be held on November 29 at the Vietnam National ConventionCentre.-VNA
The survey wasannounced this week by the Vietnam Report in collaboration with VietnamNetonline newspaper.
The ranking aimed tohonour enterprises that are profitable, have potential to become key pillars ofthe Vietnamese economy and contribute to the introduction of Vietnamese brandsto the international business community.
The military-runtelecom group Viettel, Samsung, Honda, PV Gas, the Vietnam DairyProducts Company (Vinamilk), Vietcombank, Hoa Phat Group, Viettinbank and Vingroup alsomade into the Top 10.
According to thesurvey, the average pre-tax profit of the top 500 most profitable companies in2017 grew more than 65 percent from 2016. The sectors with the highest returnon asset (ROA) and return on equity (REO) were telecommunications, informationtechnology, pharmaceuticals, healthcare, transportation, food, beverages andcigarettes.
The survey said mostbusiness insiders expect technology to remain the leader in attractinginvestment.
Technology was themost common answer among enterprises (51.4 percent of respondents),construction and real estate (40 percent) and retail (34.3 percent).
In the Profit500Ranking, the companies with the highest average pre-tax profits are intelecommunications, information and technology. The enterprises have potentialto show stable growth profit indicators.
While the world ismoving towards the Fourth Industrial Revolution, the application of technologyin Vietnamese businesses is still in its early stages due to lack of capital,infrastructure and a skilled workforce.
Businesses expect theFourth Industrial Revolution to help cut their costs, optimise efficiency andincrease market share.
In the 2018Profit500, the number of firms in construction, building materials, real estate(14.8 percent), electricity (12.8 percent), finance (11.2 percent), and food,beverages and cigarettes (10.4 percent) accounted for a majority of businesseson the list.
The award ceremonyfor the ranking will be held on November 29 at the Vietnam National ConventionCentre.-VNA
VNA
