On the VNR500 list are Samsung Electronics Thai Nguyen Co. Ltd., Vietnam Electricity (EVN), Vietnam Oil and Gas Group (PetroVietnam), Viettel Military Industry and Telecoms Group (Viettel), and Vietnam National Petroleum Group (Petrolimex), among others.

Samsung Electronics Thai Nguyen is the largest company in Vietnam.

The country’s 10 largest private enterprises include Vingroup, Mobile World Investment Corporation, Doji Group, Hoa Phat Group JSC, and Masan Group Corporation.

General Director of the Vietnam Report JSC Vu Dang Vinh said that in its 15 years, the VNR 500 honours "locomotives" of the Vietnamese economy that demonstrate their mettle and steadfastness amid challenges caused by the Covid-19 pandemic.

It also promotes the brand of Vietnamese firms to investors at home and abroad and forges links with leading entrepreneurs and scholars across the globe, he added.

The average return on asset (ROA) of the VNR500 enterprises inched down by 0.42 percentage point from 2020 to 5.31 percent this year, and their average return on sales (ROS) saw a year-on-year decline of 0.43 percentage point to 6.15 percent.

Meanwhile, the return on equity (ROE) marginally rose to 16.42 percent from 16.24 percent recorded last year.

The ROS in the State economic sector witnessed a 1.82 percentage point increase against the previous year.

Statistics of Vietnam Report showed that 40.4 percent of the businesses maintained their growth momentum during 2019-2020 and the first nine months of this year.

In addition, 23.3 percent of the firms have shown signs of recovery in January-September 2021.

PM affirms policy of quickly removing obstables for foreign businesses

The Vietnamese Government will continue creating an environment conducive to foreign businesses and assign ministries, agencies and localities to deal with their difficulties in line with Vietnam's law, said Prime Minister Pham Minh Chinh.

Businesses link to develop tourism

(BGO) – To accelerate tourism development, the state management organizations, tourism companies in and outside Bac Giang province have recently enhanced linkage via agreement, promotion, survey to create attractive tours.

South Korean businessman publishes book about HCMC

Entrepreneur Park Ji Hoon describes the bustling life of Ho Chi Minh City in his book "Park Tien Sinh Song Giua Sai Gon" (Mr. Park Lives In Saigon).

Bac Giang recovers shortcoming of Covid -19 management and tracing software at business to enhance effectiveness

(BGO) – With the spirit “Production to fight against pandemic, pandemic control to resume production”, since June 14, 2021, Bac Giang province has officially launched Covid-19 management and tracing software (CMTS) at the local companies. However, the application has yet to gain expected results.

Private businesses in Vietnam grow in both quantity, quality

The number of newly established private enterprises in Vietnam has increased steadily every year, from 70,900 in the 2015-2020 period to 112,500 in the 2015-2020. Not only quantity, capital scale and capacity of private enterprises have also improved.

Source: NDO/VNA