Vietnam’s 500 most profitable enterprises in 2021 announced

The Vietnam Report and online newspaper VietNamNet have just announced the Profit 500 list, featuring the top 500 most profitable enterprises in Vietnam this year.

Prominent in the list are Samsung Electronics Thai Nguyen Co Ltd, Viettel Military Industry and Telecoms Group (Viettel), Vietnam Oil and Gas Group (PetroVietnam), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Hoa Phat Group JSC, Vietnam Electricity (EVN), Vingroup, and Vietnam Dairy Products JSC (Vinamilk).

During the 2017-21 period, the three sectors of property development and construction, finance, and food and beverages, had the largest number of companies in the rankings, said General Director of the Vietnam Report JSC Vu Dang Vinh.

The compound annual growth rate (CAGR) of all companies in the Profit 500 list this year averaged 10.12 percent.

Statistics also indicate that 53.1 percent of 339 publicly traded companies maintain their growth momentum during 2019-20 and the first half of this year.

Meanwhile, 24.4 percent of firms have shown signs of recovery in the first half of 2021.

Due to difficulties caused by COVID-19, the return on asset (ROA) of foreign enterprises inched down by 0.1 percent from 2020 to 12.4 percent this year, while that of the private economic sector saw a year-on-year decline of 0.4 percent to 9.4 percent.

ROA of public firms fell to 8.4 percent from 11.7 percent recorded in the previous year.