Vietnam Oil and Gas Group topped the list of 500 leading companies announced at a ceremony in Ha Noi on Thursday. It was followed by Samsung Electronics Vietnam Co Ltd, Viettel Group, Electricity of Viet Nam, and the Vietnam National Petroleum Group.The annual event, the 10th of its kind, was held by the Vietnam Report Company to honour businesses for their excellent performance in the 2015 fiscal year.

The largest private businesses on the list were Truong Hai Automobile Co Ltd, Vietnam Dairy Products Joint Stock Company (Vinamilk), DOJI Gold & Gems Group, FPT Corporation, and Vingroup.

According to Vietnam Report, one of the key strategies that Viet Nam’s biggest companies are pursuing to increase competitiveness is embarking on core business fields.

They also move to improve labour productivity; keep and increase domestic market shares; and make inroads into the global market, the report said, adding that the equitisation of State-run businesses and the development of private ones have also helped to boost economic recovery in recent years.

Big companies have also focused on providing transparent information, developing management strategies and expanding export markets to reach those in the region and beyond.

Vietnam Report also announced the Top 50 Vietnam list, The Best 2016 list and The Top 50 Most Profitable Large Enterprises 2016.

The company also released a bilingual White Book featuring the 10-year development path of major Vietnamese enterprises from removing bottlenecks to creating a healthy business environment. — VNS