Top 500 fastest growing enterprises 2024 announced

The 2024 list of the top 500 fastest growing enterprises in Vietnam (FAST500) has been released by the Vietnam Report JSC.
Top 500 fastest growing enterprises 2024 announced ảnh 1The top 10 in the 2024 list of the top 500 fastest growing enterprises in Vietnam.
Hanoi (VNA) – The 2024 listof the top 500 fastest growing enterprises in Vietnam (FAST500) has been releasedby the Vietnam Report JSC.

The top 10 businesses consist of Binh ThuanPlastic Group JSC, HD Securities Corporation, Orient Securities Corporation, ImediaTechnology and Services JSC, SOL E&C Construction Investment JSC, Vietnam VitadairyMilk JSC, Taseco Land Investment JSC, Stellapharm J.V. Co. Ltd, CNC TechnologySolutions JSC, and Bee Logistics Corporation.

The rankings were based on severalcriteria, including compound annual growth rates, total assets,equity, pre-tax profits, and media reputation.

Asidefrom releasing the FAST500 rankings, the Vietnam Report JSC also announced the results of abusiness survey.

Accordingly, 51.7% and 46.7% of theinterviewed companies said they failed to achieve last year’s revenue andprofit targets, respectively. Both the rates of companies reaching andsurpassing the two targets were lower than in 2021 - 2022. Notably, the ratesof those with declined revenue and profits increased almost twice and 1.5-foldcompared to the same period of 2021 - 2022.

GeneralDirector of the Vietnam Report JSC Vu Dang Vinh said after a trying period, it is noteasy to shore up market confidence, as well as business confidence. In particular,as difficulties still linger on, even staying afloat becomes a considerablechallenge to enterprises.

He cited statistics showing thatthe number of companies withdrawing from the market in the first two months of2024 was higher than the figure of firms entering the market and resuming operations. Amongthem, the number of enterprises suspending operations topped 49,000, up 27.1%year on year.

Vinhnoted that though grey still dominates the panorama, it is encouraging that businessoptimism has improved in part. In the survey, conducted in January - February, businessesrated the economic prospect 3.5 out of 5 – higher than in 2023, and their ownprospect 3.8.

Enterprise optimism can create apositive cycle, he said, adding that it also reflects their readiness to face challengesand seek opportunities in all circumstances, along with their confidence andadaptability in a challenging business environment./.
VNA

See more

VinFast manufacturing facility in Haiphong city (Photo: Vingroup)

Vingroup among top 40 largest enterprises in Southeast Asia

This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.

Fresh Vietnamese lychees are being sold at an Aeon supermarket in Japan. (Photo: VNA)

Vietnam Goods Week opens in Japan’s Saitama prefecture

This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.

The Green Industries Summit 2025 aims to support the country’s transition toward sustainable industrial development. (Source: NordCham Vietnam)

Nordic firms eye green industry partnerships in Vietnam

According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong speaks at the 15th National Assembly’s 9th session. (Photo: VNA)

SBV Governor calls for overhaul of FDI attraction strategy to drive stronger growth

The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.

Buyers seek suppliers of globally standardised equipment at Automechanika, opened in HCM City on June 19. (Photo: VNA)

Vietnam’s auto parts and services expos open in HCM City

The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.

Fuel prices surge from 3pm on June 19 (Photo: VNA)

Fuel prices surge from 3pm on June 19

The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.

Vietnamese Ambassador to Germany Vu Quang Minh (right) thanks Selgros Lichtenberg CEO Marco Berger for creating conditions for Vietnamese agricultural products to reach German customers (Photo: VNA)

Vietnamese Goods Day promotes Bac Giang lychees in Germany

While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.

An article published by Cuba’s Inter Press Service (IPS) spotlights the promising results of a unique rice cooperation model with Vietnam, as Cuba ramps up efforts to improve national food security. (Photo: Screenshot)

Vietnam–Cuba rice partnership sets new model for sustainable food security: media

The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.

Algerian delegates explore Vietnamese products showcased at the event (Photo: VNA)

Vietnam seeks to expand trade ties with Algeria

During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.

A H&M store (Photo: Reuters)

Vietnamese firms eye new opportunities with Nordic partners

A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.

The Lao Bao (Vietnam) – Densavan (Laos) international border gate (Photo: VNA)

'Single-Stop' procedure at Lao Bao–Densavan border gate halted

Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.

OSZAR »