Five Vietnamese enterprises make it on to Nikkei Asia300

FPT, Vietcombank, PetroVietnam Gas (PVGas), Vinamilk, and Vingroup are five Vietnamese enterprises that appeared on the Asia300 report, which was released recently by Nikkei Asian Review.
Five Vietnamese enterprises make it on to Nikkei Asia300 ảnh 1A transaction in the Vietcombank. The bank, along with four enterprises has appeared on the Asia300 report, which was released recently by Nikkei Asian Review. (Source: vtc.vn)

Hanoi (VNA) - FPT, Vietcombank, PetroVietnam Gas (PVGas), Vinamilk, and Vingroup are five Vietnamese enterprises that appeared on the Asia300 report, which was released recently by Nikkei Asian Review.

The Asia300 features leading companies from eleven countries and regions, including China and members of ASEAN.

The companies were selected based on factors such as market capitalisation and growth potential. The Nikkei Asian Review also provides in-depth analysis on their operations.

FPT, the report wrote, is the largest information technology company in Vietnam, engaged in a wide array of activities including software development, telecommunications, and the marketing of IT products.

Its market capitalisation, at about 800 million USD, is one of the largest among non-State entities.

Vietcombank, meanwhile, is one of Vietnam's four largest State-run commercial banks. It has been a major player in international trade payment settlement and is also boosting its retail lending, according to the report.

While the bank was listed on the HCM Stock Exchange in 2009, the government still holds a sizable 77 percent stake. Vietcombank's market capitalisation is about 3 billion USD, according to the report.

The bank, highly profitable in the domestic market is now setting its sights on global markets, aims to become one of the world's 300 largest banking institutions in terms of profitability and deposits by 2020.

PVGas is one of Vietnam's largest State-run companies, the Asia300 report noted. It runs integrated operations, from drilling for gas through to marketing, and controls nearly 70 percent of the domestic market for liquefied petroleum gas. It has a market capitalisation of about $9 billion, making it one of the largest publicly traded Vietnamese companies.

The company is actively pursuing a policy of collaborating with foreign companies, and in June 2014 signed a liquefied natural gas trading contract with Royal Dutch Shell.

Vinamilk is Vietnam's largest food processor and deals in a wide variety of dairy products, including milk and yogurt. It is said to account for about 50 percent of Vietnam's dairy market.

Vinamilk's high potential is recognised outside the country as well and foreign investors own 49 percent of the company. Its market capitalisation is the second largest in Vietnam, at around 5.5 billion USD.

Vingroup, lastly, is Vietnam's largest real estate company and deals in a host of different properties, including houses, shopping malls, hotels, golf courses, and hospitals. The company has enhanced its brand cachet by targeting its Vincom shopping malls and Vincom Village residential areas at affluent customers.

One of the few entirely non-State concerns in Vietnam, Vingroup is about 30 percent owned by its largest shareholder and founder, Pham Nhat Vuong. Its market capitalisation, at approximately 3 billion USD, is the largest among non-State companies, according to the Asia300 report.

Vietnam had the lowest number among countries and territories with enterprises listed in the Asia300. China and Hong Kong recorded 83, Taiwan 40, the Republic of Korea 42, Singapore, Thailand, and Indonesia 25, Malaysia 22, the Philippines 20, and India 44.-VNA

VNA

See more

In 2025, Goertek will invest in a new project and bring more experts and new technology equipment to Vietnam. (Photo: Goertek)

Vietnam expects big FDI wave in 2025

More than 4.33 billion USD in foreign investment was registered in Vietnam in January, an increase of 48.6% compared to the same period last year.

The Lao Bao border gate, Huong Hoa district, Quang Tri province. (Photo: VNA)

Nearly 200 projects registered in Quang Tri's IPs

Two economic zones and two industrial parks in the central province of Quang Tri have so far attracted nearly 200 investment projects, with a total registered capital exceeding 172.4 trillion VND (6.78 billion USD) and a planned land use of over 5,978ha.

At the meeting (Photo: VNA)

PM urges business leaders to drive economic growth

Prime Minister Pham Minh Chinh encouraged businesses to actively engage in large-scale national projects, such as the North-South high-speed railway, standard-gauge railways connecting with China, urban railways, and the nuclear power project.

Production at Minerals Holding Corporation in Lao Cai province. (Photo: VNA)

Vietnam’s industrial production inches up 0.6% in January

According to Director of the GSO’s Industry and Construction Statistics Department Phi Thi Huong Nga, Vietnam could achieve breakthrough industrial growth in 2025 and beyond by leveraging its advantages and accelerating digital and green transformation as well as meeting the increasingly stringent requirements of the international market.