Business

Vietnam’s 500 most profitable enterprises in 2022 revealed

Vietnam Report JSC and VietNamNet online newspaper on September 15 announced the Profit500 list featuring the top 500 most profitable enterprises in Vietnam this year.
Vietnam’s 500 most profitable enterprises in 2022 revealed ảnh 1Viettel Military Industry and Telecoms Group (Viettel) is among 10 enterprises honoured in the Profit500 list (Photo: Viettel) 

Hanoi (VNA) - Vietnam Report JSC and VietNamNet online newspaper on September 15 announced the Profit500 list featuring the top 500 most profitable enterprises in Vietnam this year.

Prominent in the list are Vietnam Oil and Gas Group(Petrovietnam), Samsung Electronics Thai Nguyen Co. Ltd., Hoa Phat Group JSC, ViettelMilitary Industry and Telecoms Group (Viettel), Joint Stock Commercial Bank forForeign Trade of Vietnam (Vietcombank), Vietnam Technological and Commercial JointStock Bank (Techcombank) and Vietnam Electricity (EVN), Vietnam Joint StockCommercial Bank for Industry and Trade (VietinBank), Military Commercial Joint Stock Bank (MB) and Vietnam Bank for Agriculture and Rural Development (Agribank).

Contrary to concerns about a slowdown of the world’seconomy, Vietnam is showing signs of strong recovery with many indicatorsalready exceeding pre-pandemic levels, according to General Director of Vietnam Report Vu Dang Vinh.

It is attributed to solid growth in exports of manufacturedand processed industrial products to traditional markets. Total import andexport turnover of goods in the first eight months of this year reached 497.64billion USD, of which, exports increased by 17.3% while imports rose by 13.6%.The recovery of domestic demand, especially for services, also contributed to thegrowth.

Retail sales of consumer goods and services in August increasedby 50.2% over the same period last year, of which sales of goods increased by1.3 times, up 20% compared to the same period in 2019.

Total retail sales of consumer goods and services in thefirst eight months of this year were estimated to increase by 19.3% over thesame period last year.

The reopening of borders in mid-March 2022 has revived thecountry’s tourism industry, with 1.4 million foreign arrivals recorded in the eight months, up12.7 times compared to the same period last year.

A survey of the most profitable enterprises in Vietnamconducted by Vietnam Report in August also recorded a very positive recovery.More than two-thirds of the businesses said their revenue has returned or exceededpre-pandemic levels./.

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