Viet Nam’s 500 largest businesses in 2021 revealed

Wednesday, Dec 01, 2021 13:24

Workers at a factory of Samsung Electronics Thai Nguyen. The company tops the list of the 500 largest enterprises in Viet Nam in 2021. — VNA/VNS Photo

The Viet Nam Report JSC and online newspaper VietNamNet on November 30 revealed the 500 largest enterprises in Viet Nam (VNR500) and top 10 largest private companies this year.

On the VNR500 list are Samsung Electronics Thai Nguyen Company Limited, Viet Nam Electricity (EVN), Viet Nam Oil and Gas Group (PetroVietnam), Viettel Military Industry and Telecoms Group (Viettel), and Viet Nam National Petroleum Group (Petrolimex), among others.

The country’s 10 largest private enterprises include Vingroup, Mobile World Investment Corporation, Doji Group, Hoa Phat Group JSC, and Masan Group Corporation.

General Director of the Viet Nam Report JSC Vu Dang Vinh said that in its 15 years, the VNR 500 has honoured "locomotives" of the Vietnamese economy that demonstrate their mettle and steadfastness.

It also promotes the brand of Vietnamese firms to investors at home and abroad and forges links with leading entrepreneurs and scholars across the globe, he added.

The average return on asset (ROA) of the VNR500 enterprises inched down by 0.42 percentage points from 2020 to 5.31 per cent this year, and their average return on sales (ROS) saw a year-on-year decline of 0.43 percentage points to 6.15 per cent due to the severe impacts of the COVID-19 pandemic.

Meanwhile, the return on equity (ROE) marginally rose to 16.42 per cent from 16.24 per cent recorded last year.

The ROS in the State economic sector witnessed a 1.82 percentage point increase against the previous year.

Statistics of Viet Nam Report showed that 40.4 per cent of businesses maintained their growth momentum during 2019-2020 and the first nine months of this year.

In addition, 23.3 per cent of the firms have shown signs of recovery in January-September 2021. — VNS

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