Vietnam Airlines Corporation has ranked 9th in the Top 50 Vietnam The Best.

This was revealed at the launch of Viet Nam’s Top 500 largest enterprises (VNR500) in 2017 held in Ha Noi on Friday.

Last year, the total consolidated revenue of the corporation was estimated at VND88.4 trillion, marking a record pre-tax consolidated profit of VND2.8 trillion, exceeding 72 per cent of the plan and up 8.3 per cent compared with the same period last year.

The ranking has affirmed Vietnam Airlines’ leading role in the country’s aviation industry as well as its position as a global four-star international airline.

The firm last year ranked 10th in the same list.

To feature in the list of Top 50, an enterprise has to be named for three consecutive years in the VNR500 ranking in terms of revenue. Criteria such as good capital use, efficiency, stable profit growth potential and good social and community responsibility are also used for referencing and evaluating.

VNR500 is based on the Fortune 500 model, which lists the top 500 US companies by revenue of the previous year. In Viet Nam, the ranking of 500 largest enterprises is based on the results of independent research and evaluation as per international standards of the Vietnam Report Company. It has been announced annually since 2007, with the advice of domestic and international experts, especially GS. John Quelch, former vice president of Harvard Business School.

The VNR500 rankings give people an idea of Vietnamese businesses and let the local business community recognise its position in the context of global integration, business strategy and corporate governance. Basing on this reality, enterprises can set up plans to reach out large businesses in the region and around the world. — VNS