10 leading retail companies in Vietnam in 2018 receive certificates(Photo: VNA)Hanoi (VNA) - The Vietnam Oil and Gas Group (PetroVietnam) topped the Profit500Ranking, which listed the 500 most profitable companies in Vietnam in 2018.
The ranking, which was announced by theVietnam Report Joint Stock Company in Hanoi on November 29, aimed to honourenterprises that are profitable, have potential to become key pillars of theVietnamese economy and contribute to the introduction of Vietnamese brands tothe international business community.
The Viettel Military Industry and Telecoms Group, SamsungElectronics Vietnam, Honda Vietnam, PetroVietnam Gas Joint Stock Corporation (PVGas), Vietnam Dairy Products Company (Vinamilk), Joint Stock Commercial Bankfor Foreign Trade of Vietnam (Vietcombank), Hoa Phat Group, Vietnam Joint StockCommercial Bank for Industry and Trade (Viettinbank) and Vingroup also madeinto the Top 10.
PetroVietnam’s total revenues reached 499.5trillion VND (21.47 billion USD) in the first 10 months of 2018, 21.1 percenthigher than the set target and up 23.6 percent year-on-year.
In the reviewed period, the group contributed90.9 trillion VND (3.9 billion USD) to the State budget, 23.2 percent higherthe yearly target.
According to the Vietnam Report’s survey, the average pre-taxprofit of the top 500 most profitable companies in 2017 grew more than 65percent from 2016. The sectors with the highest return on asset (ROA) andreturn on equity (REO) were telecommunications, information technology,pharmaceuticals, healthcare, transportation, food, beverages and cigarettes.
The survey said most business insiders expect technology toremain the leader in attracting investment.
Technology was the most common answer among enterprises (51.4percent of respondents), construction and real estate (40 percent) and retail(34.3 percent).
In the Profit500 Ranking, the companies with the highestaverage pre-tax profits are in telecommunications, information and technology.The enterprises have potential to show stable growth profit indicators.
While the world is moving towards the Fourth IndustrialRevolution, the application of technology in Vietnamese businesses is still inits early stages due to lack of capital, infrastructure and a skilled workforce.
Businesses expect the Fourth Industrial Revolution to helpcut their costs, optimise efficiency and increase market share.
In the 2018 Profit500, 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 businesses on the list.-VNA
The ranking, which was announced by theVietnam Report Joint Stock Company in Hanoi on November 29, aimed to honourenterprises that are profitable, have potential to become key pillars of theVietnamese economy and contribute to the introduction of Vietnamese brands tothe international business community.
The Viettel Military Industry and Telecoms Group, SamsungElectronics Vietnam, Honda Vietnam, PetroVietnam Gas Joint Stock Corporation (PVGas), Vietnam Dairy Products Company (Vinamilk), Joint Stock Commercial Bankfor Foreign Trade of Vietnam (Vietcombank), Hoa Phat Group, Vietnam Joint StockCommercial Bank for Industry and Trade (Viettinbank) and Vingroup also madeinto the Top 10.
PetroVietnam’s total revenues reached 499.5trillion VND (21.47 billion USD) in the first 10 months of 2018, 21.1 percenthigher than the set target and up 23.6 percent year-on-year.
In the reviewed period, the group contributed90.9 trillion VND (3.9 billion USD) to the State budget, 23.2 percent higherthe yearly target.
According to the Vietnam Report’s survey, the average pre-taxprofit of the top 500 most profitable companies in 2017 grew more than 65percent from 2016. The sectors with the highest return on asset (ROA) andreturn on equity (REO) were telecommunications, information technology,pharmaceuticals, healthcare, transportation, food, beverages and cigarettes.
The survey said most business insiders expect technology toremain the leader in attracting investment.
Technology was the most common answer among enterprises (51.4percent of respondents), construction and real estate (40 percent) and retail(34.3 percent).
In the Profit500 Ranking, the companies with the highestaverage pre-tax profits are in telecommunications, information and technology.The enterprises have potential to show stable growth profit indicators.
While the world is moving towards the Fourth IndustrialRevolution, the application of technology in Vietnamese businesses is still inits early stages due to lack of capital, infrastructure and a skilled workforce.
Businesses expect the Fourth Industrial Revolution to helpcut their costs, optimise efficiency and increase market share.
In the 2018 Profit500, 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 businesses on the list.-VNA
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