PetroVietnam tops list of most profitable firms

The Vietnam Report JSC and online newspaper VietNamNet held a ceremony in Hanoi on November 6 to announce the Profit500 2019 list.
PetroVietnam tops list of most profitable firms ảnh 1Illustrative photo (Source: VNA)

Hanoi (VNA)- The Vietnam Report JSC and online newspaper VietNamNet held a ceremony inHanoi on November 6 to announce the Profit500 2019 list.

The list names the500 most profitable enterprises in Vietnam.

The Vietnam Oil and GasGroup (PetroVietnam) topped the list. This is the second year that the grouphas taken the leading position among the top 500 enterprises.

Other firms listedinclude the Joint Stock Commercial Bank for Foreign Trade of Vietnam(Vietcombank), Vietnam Mobile Telecom Services Corporation (MobiFone), DatXanh Group, Vingroup and Quang Ngai Sugar JSC.

Profit500 was created toenhance the prestige and brand of businesses, help them approach newopportunities, attract investors and improve their competitiveness.

Vu Dang Vinh, directorgeneral of Vietnam Report, said this year was considered a bright spot ofVietnamese economy with many remarkable achievements such as a promising growthrate of 6.98 percent.

In addition,the consumer confidence index has also improved, he said.

Evaluating the businessand investment environment in the first nine months of this year, manybusinesses at the event agreed reform and innovation effortshave had positive results.

Indicators ofmacroeconomic management of the Government, capital assessment, tax system andtax administration have all been evaluated highly.

Earlier, Vietnam Reportannounced the ranking of the 10 most prestigious retail companies this year.

The companies includedVinCommerce General Trading Services JSC, Aeon Vietnam Co., Ltd., BigC,Southern Airports Services JSC (Sasco) and Lotte Vietnam ShoppingJoint Stock Company./.
VNA

See more

Octopus processing for export at Huy Nam Company in An Giang province. (Photo: VNA)

New opportunities for Vietnam’s seafood exports

The Vietnam-EFTA Free Trade Agreement brings together two groups of highly complementary economies. EFTA members Switzerland, Norway, Iceland and Liechtenstein have strengths in technology, innovation, finance, clean energy and sustainable development, while Vietnam is one of Asia’s most dynamic economies and is emerging as a major regional manufacturing, trade and investment hub.

The saponin content of Lai Chau ginseng can reach as high as 23.85% in its natural state, a remarkably high level compared to many other ginseng species. (Photo: baolaichau.vn)

Lai Chau ginseng development gains momentum

Blessed with rare and distinctive ecological values, the northern mountainous province of Lai Chau is stepping up efforts to conserve and develop its native ginseng, with the medicinal plant expected to play a growing role in the forest-based economy and local livelihoods.

The Vietnamese delegation poses for a group photo at the third meeting of the Vietnam-Canada Joint Economic Committee (Photo: VNA)

Vietnam, Canada broaden economic cooperation beyond trade

Vietnam is currently Canada’s largest trading partner in ASEAN. Building on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the two countries are expanding bilateral economic ties into higher value-added areas such as clean energy, critical minerals, advanced technology, manufacturing and value-chain linkages.

The Index of Industrial Production (IIP) rises 14.4% in August and 11.9% in the first eight months compared to a year earlier. (Photo: VNA)

More momentum needed for economic growth in year-end race

To build momentum for the year-end race, one of the top priorities is to accelerate public investment disbursement, ensuring 100% of the allocated plan is disbursed without allowing funds to be concentrated in the final months of the year.

Vietnamese enterprises showcase products at the Vietnam Pavilion during the Foodist Istanbul 2026 fair. (Photo: Vietrade)

Vietnamese goods gain export opportunities in Türkiye, Spain

Vietrade said the programme helped businesses gain practical market information, identify potential products and partners, and better understand requirements on quality, pricing and distribution. Such direct connections are expected to help companies adapt their products and develop more effective export strategies.

Prime Minister Le Minh Hung (left) receives WTO Director-General Ngozi Okonjo-Iweala in New Delhi, India on September 12 (Photo: VNA)

PM Le Minh Hung calls on WTO to continue support for Vietnam

Vietnam actively and responsibly participates in the WTO’s agenda and supports its coordinating role in promoting inclusive and balanced global trade for peace, cooperation and development, while effectively responding to global challenges, said Prime Minister Le Minh Hung.

Vietnamese Trade Counsellor in India Bui Trung Thuong (Photo: VNA)

Vietnam sees opportunities to deepen engagement with BRICS: Trade Counsellor

Vietnam could deepen cooperation with BRICS through four main areas: expanding trade and market access; attracting and promoting two-way investment; engaging deeper in global supply chains and logistics networks; and advancing cooperation in science-technology, innovation and digital transformation.