Top 500 fastest-growing businesses for 2025 revealed

Now in its 15th year, FAST500 honours businesses that are thriving and making strong contributions to Vietnam’s economic development.

Workers at the Ngai Cau Factory apply advanced techniques in steel pole production, striving to meet project delivery deadlines. (Photo: VNA)
Workers at the Ngai Cau Factory apply advanced techniques in steel pole production, striving to meet project delivery deadlines. (Photo: VNA)

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./.

VNA

See more

Prime Minister Pham Minh Chinh (R) encourages workers and engineers at the Vietnam Exhibition Fair Centre project site. (Photo: VNA)

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 Pham Minh Chinh (3rd from left) at the symbolic button-pressing ceremony to kick off the construction of the Tu Lien bridge in Hanoi on May 19. (Photo: VNA)

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.

The FBC ASEAN 2025 International Manufacturing Business Matching Event will take place from September 17–19 in Hanoi. (Photo: FBC ASEAN)

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.

A corner of Ho Chi Minh City seen from above (Photo: nhandan.vn)

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.

Cuban President Miguel Díaz-Canel at a meeting with a delegation of Vietnamese businesses led by the Thai Binh Group. (Photo: VNA)

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.

Deputy Minister Tran Thanh Nam (front line, in a red tie) takes a photo with representatives of German associations and businesses at the event. (Photo: VNA)

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.

Ministerial-level negotiation session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer (Photo: VNA)

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.

Le Thanh Lam, CEO of TOPSKILLS, shares insights into the role of AI in modern HR management at the launch event of the AI-Powered TMS system in HCM City on May 16. (Photo: courtesy of the organisers)

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.

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the exchange of the MoU between the Ministry of Industry and Trade and Thailand's Central Group. (Photo: VNA)

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.

Chu Lai Port welcomes the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the opening of the Chu Lai–India shipping route. (Photo: VNA)

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.