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Vietnam top 500 quickly expanding companies get honours

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Representatives of Top 500 most profitable companies in Vietnam in 2021 at the award ceremony. VIETNAM REPORT

Vietnam top 500 quickly expanding companies get honours

The lists of the 500 fastest-growing companies in Vietnam (FAST500) and the top 10 firms in real estate-construction – building material this year were announced by the Vietnam Report JSC and the VietNamNet e-newspaper during a ceremony held in Hanoi last week.

Hung Thinh Land JSC, MB AGEAS Life Insurance Co Ltd and Tin Viet Finance JSC were honoured.

Other names in the top 10 include Thang Loi Real Estate JSC, Hoang Mai Production Trade and Service Co Ltd, Pha Le Plastics Manufacturing & Technology JSC, Sao Mai Group Corp, Nam Hoa Trading & Production Corp, Tan Viet Securities JSC and KB Securities Vietnam JSC.

On the occasion, the organising board launched a bilingual report on Vietnam’s economic growth 2022 to capitalise on enterprises’ potential for sustainable development.

FAST500, launched in 2011, is based on the compound annual growth rate (CAGR) in terms of revenue and business performance. Other criteria such as total asset, after-tax profit, and companies’ prestige on the media are also taken into account to identify their scale and stature in the industries they operate in.

VIET NAM NEWS/ASIA NEWS NETWORK

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