Hanoi (VNA) – The 2025 edition of FAST500, a list of Vietnam’s 500 fastest-growing enterprises, was officially announced in Hanoi on April 24 by Vietnam Report JSC in collaboration with VietNamNet newspaper.
Now in its 15th year, FAST500 honours businesses that are thriving and making strong contributions to Vietnam’s economic development. The rankings are based primarily on compound annual revenue growth, alongside indicators of corporate social responsibility.
The top 10 in the list are prominent names such as Ngan Tin Investment Group JSC, FPT Long Chau Pharmaceutical JSC, Nam A Information Technology JSC, Stellapharm J.V. JSC, Taseco Real Estate Investment JSC, Binh Thuan Plastics Group JSC, Petro Times JSC, Vitadairy Vietnam JSC, Searefico Engineering and Construction JSC, and Viet Thanh Plastic Trading and Manufacturing JSC.
Organisers also announced the FAST RISING 100, recognising a group of “rising star” enterprises with high potential for breakthrough growth. These include businesses with sustainable growth, rapid expansion, or outstanding recovery performance.
Also featured were the Top 10 and Top 5 reputable companies in the real estate, construction, and building materials sectors – key players that have delivered strong performance and earned investor trust through financial resilience and recovery efforts.
Speaking at the event, Vietnam Report CEO Vu Dang Vinh noted that many businesses continue to face challenges such as high inflation, global trade tensions, and a sluggish economic rebound.
According to Vietnam Report, the average compound annual revenue growth of FAST500 companies during 2020–2023 stood at only 22%. Despite this, the FAST500 firms have still demonstrated commendable resilience.
Preliminary 2024 data shows these firms continued to outperform, with many maintaining or accelerating their growth trajectories, even as others stagnated or declined. This sustained success highlights their solid financial foundations and agile business strategies.
Also at the event, Vietnam Report also released a bilingual economic growth report titled “Rebirth”, offering insights into macroeconomic trends, prospects of potential sectors, and main growth drivers, and market shaping trends in the time ahead./.

See more

Government unveils action plan to boost private sector development
Ministries, sectors, and localities are asked to boost the enforcement of the Law on Support for SMEs, as well support policies of sectors, to help SMEs improve their capacity, connect with large and FDI firms, and increase investment in priority fields.

Vietnam’s fishery sector diversifies export markets and products amid global trade challenges
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), aquatic product exports reached 3.3 billion USD in the first four months of 2025, a 21% increase compared to the same period last year. Shrimp led the growth with a 30% surge, followed by tra fish (pangasius), which rose by 9%.

Reference exchange rate down 2 VND on May 20
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,968 VND/USD on May 20, down 2 VND from the previous day.

HCM City secures 6 bln USD deal for green energy, oil refinery projects
The deal encompasses a 5 billion USD oil refinery and storage complex and a 1 billion USD green manufacturing plant.

PM requests basic completion of Vietnam Exhibition Fair Centre in July
For the long term, PM Chinh stressed the need to develop the centre into a new symbol of Hanoi and the nation in terms of scale, culture, architecture, structure, environmental landscape, and governance, so as to reflect the national stature, worthy of the country's historical and cultural traditions, and especially to showcase its achievements after 40 years of ‘Doi Moi’ (Renewal).

Prime Minister launches construction of Tu Lien bridge in Hanoi
PM Chinh stressed that the Tu Lien bridge will not only enhance connectivity and promote socio-economic development across Hanoi’s districts, but also link regional cities and provinces involved, national transport routes, and international gateways via Noi Bai and Gia Binh international airports.

Vietnam to host int’l manufacturing exhibition in September
The exhibition gathers a significant number of manufacturers and buyers seeking suppliers in Vietnam, including major brands. The event continues to serve as a key platform for branding, trade promotion, and sustainable international business networking.

Efforts needed to enhance role of private sector in expanded HCM City
The resolution affirms that in a socialist-oriented market economy, the private sector is one of the most important driving forces of the national economy. On that foundation, the upcoming mergence of Binh Duong and Ba Ria–Vung Tau provinces into Ho Chi Minh City will create conditions to form a mega-urban region integrating industry, finance, seaports, and innovation.

Reference exchange rate up 10 VND at week’s beginning
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,219 VND/USD and the floor rate 23,722 VND/USD.

Cuba strengthens economic ties with Vietnamese businesses
Both sides discussed opportunities to expand cooperation in Cuba’s priority development sectors. The Vietnamese delegation reaffirmed its commitment to sustaining and expanding its operations in the Mariel Special Development Zone (ZEDM), a key driver of Cuba’s economic growth.

HCM City to host major int’l fairs on logistics, healthcare
VILOG 2025 is expected to expand significantly in scale and quality, with stronger international participation and enhanced networking opportunities. It aims to promote green and digital transformation in the logistics sector.

Da Nang boosts skilled workforce development for int’l financial hub ambitions
Tasked with developing comprehensive training programmes, the University of Da Nang aims to supply high-quality human resources for the International Financial Centre.

Vietnam explores agricultural partnerships in Germany
A major highlight of the visit was a trade promotion forum on Vietnam–Germany agro-forestry-aquatic products, which attracted participation from various trade associations, vocational training institutions, German distribution channels, supermarket chains, and nearly 50 companies specialising in the production, processing, and logistics of agricultural, forestry, and aquatic products.

Unleashing private sector potential in cultural industries development
Today, private businesses are not just supporting but actively shaping Vietnam’s cultural infrastructure.

HCM City pioneers in promoting relations with European partners
In the first few months of 2025, HCM City welcomed many high-level delegations from EU countries, demonstrating the EU's special interest in the city, while opening up many new cooperation opportunities.

Vietnam, US promote negotiations on reciprocal trade agreement
Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer reached a high consensus on principles, approaches, content orientations, and negotiation plans, thereby establishing a foundation for subsequent negotiation sessions to achieve positive outcomes.

AI helps businesses build resilient, adaptable succession teams
Experts said that in the context of digital transformation and AI increasingly becoming key drivers of business innovation, building a capable succession team—those who will lead the company toward sustainable growth—has become an urgent priority.

New transport projects expected to create new development momentum for Central Highlands
Construction is underway on a series of key transportation projects connecting the Central Highlands with the south-central coastal region.

MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports
The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service
The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.