Hanoi (VNS/VNA) - Vingroup has become the first and only privatefirm listed among Vietnam’s top 10 largest businesses (VNR500), according tothe latest Vietnam Report JSC.
This year, Vingroup has made a spectacular breakthrough by reaching 6th on theVNR500, which includes State-owned, FDI and private sectors.
This is the first time a private enterprise has risen to a scale of comparablewith major State-owned corporations such as Vietnam Electricity, PetroVietnamand Viettel, along with leading FDI firms such as Samsung and Honda.
In the top 500 largest private enterprises in Vietnam, Vingroup continues tomaintain its leading position.
Vingroup’s breakthrough this year is thanks to its aggressive investment andstrategic expansion. As of September 30, its total assets stood at 268.23trillion VND, up 54.44 trillion VND compared with the end of 2017. The firm’sownership equity was 98.11 trillion VND.
In the first nine months of this year, Vingroup achieved 84.15 trillion VND innet revenue, up 47.2 percent year on year thanks to growth in real estate,rental investments, hotel services, entertainment, retail and education.
This year also marked the turning point of Vingroup in new business segmentsincluding VinFast cars and electric scooters, and smartphones badged Vsmart, inaddition to the establishment of a series of companies researching software,artificial intelligence and new generation materials. The new projects will notonly help increase the volume of products but also confirm the move towardsquality.
The private business block has been developing strongly with compound annualgrowth rate from 2014-17 of 21.8 percent – reflecting the positive results of aconstructive Government as well as the acceleration of the economy’s strengths.
The VNR500 report is conducted independently and annually. It covers theeconomic sector and private business blocks. The report also publishes otherlists of the Top 500 Fastest Growing Companies (Fast500), Top 500 MostProfitable Companies (Profit500), and Top 500 Best Prosperity (BP500). — VNS/VNA
This year, Vingroup has made a spectacular breakthrough by reaching 6th on theVNR500, which includes State-owned, FDI and private sectors.
This is the first time a private enterprise has risen to a scale of comparablewith major State-owned corporations such as Vietnam Electricity, PetroVietnamand Viettel, along with leading FDI firms such as Samsung and Honda.
In the top 500 largest private enterprises in Vietnam, Vingroup continues tomaintain its leading position.
Vingroup’s breakthrough this year is thanks to its aggressive investment andstrategic expansion. As of September 30, its total assets stood at 268.23trillion VND, up 54.44 trillion VND compared with the end of 2017. The firm’sownership equity was 98.11 trillion VND.
In the first nine months of this year, Vingroup achieved 84.15 trillion VND innet revenue, up 47.2 percent year on year thanks to growth in real estate,rental investments, hotel services, entertainment, retail and education.
This year also marked the turning point of Vingroup in new business segmentsincluding VinFast cars and electric scooters, and smartphones badged Vsmart, inaddition to the establishment of a series of companies researching software,artificial intelligence and new generation materials. The new projects will notonly help increase the volume of products but also confirm the move towardsquality.
The private business block has been developing strongly with compound annualgrowth rate from 2014-17 of 21.8 percent – reflecting the positive results of aconstructive Government as well as the acceleration of the economy’s strengths.
The VNR500 report is conducted independently and annually. It covers theeconomic sector and private business blocks. The report also publishes otherlists of the Top 500 Fastest Growing Companies (Fast500), Top 500 MostProfitable Companies (Profit500), and Top 500 Best Prosperity (BP500). — VNS/VNA
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