HÀ NỘI — Building a strong brand continues to play a pivotal role in enabling businesses to recover swiftly and grow sustainably in the future, said the CEO of Vietnam Report JSC, Vũ Đăng Vinh, during a ceremony held on Wednesday, announcing the country’s top 500 largest enterprises in 2024.

This was the 18th consecutive year that Vietnam Report, in collaboration with online newspaper VietNamNet, published the rankings.

The top 10 of the 2024 VNR500 gathered notable names – the Samsung Electronics Vietnam Thái Nguyên Co Ltd, Vietnam Oil and Gas Group (Petrovietnam), Việt Nam National Petroleum Group (Petrolimex), Vingroup JSC, Việt Nam Bank for Agriculture and Rural Development (Agribank), Joint Stock Commercial Bank for Investment and Development of Việt Nam (BIDV), Viettel Military Industry and Telecoms Group (Viettel), Việt Nam Joint Stock Commercial Bank For Industry And Trade (VietinBank), Bình Sơn Refining and Petrochemical JSC, and Việt Nam Coal and Mineral Industries Group.

The 2024 edition of the VNR500 rankings also honours the top 500 largest private enterprises, with their top 10 including the Vingroup JSC, Hòa Phát Group JSC, Mobile World Investment Corporation, Việt Nam Prosperity Joint Stock Commercial Bank (VPBank), Masan Group Corporation and Doji Gold and Gems Group JSC.

Vietnam Report unveiled the Top 10 and Top 5 most reputable companies in the sectors of pharmaceuticals, medical devices and healthcare, those from logistics, tourism, hospitality and resorts and animal feed.

Additionally, it released the Việt Nam Economic White Paper 2024, which provides in-depth analyses and insights into the current socio-economic landscape, emerging trends and strategic solutions for businesses to accelerate growth in the future.

The economy grew by 7.09 per cent in 2024, but looking ahead to this year, experts from Vietnam Report warn of significant challenges. The primary obstacles include geopolitical risks, slowing growth in key trading and investment partners such as the US, China, the EU and Japan, as well as increasing trends toward fragmentation, trade protectionism and widespread unpredictable climate change impacts globally.

To achieve the ambitious economic growth target of around 8 per cent, as forecast by some domestic and international research organisations, Vietnam Report recommends the country push ahead with institutional and policy reform, strengthening regulatory frameworks, improving the investment and business environment, leveraging traditional growth drivers, and promoting new growth engines such as the digital, green and circular economy, among other measures. — VNS