Vietnam’s 500 most profitable businesses announced

by NDO27 October 2023 Last updated at 18:37 PM

VTV.vn - A ceremony took place on October 26 to announce the list of the 500 most profitable companies (PROFIT500) and honour the top 10 prestigious firms in food-beverage-retail-packaging for 2023.A ceremony took place on October 26 to announce the list of the 500 most profitable companies (PROFIT500) and honour the top 10 prestigious firms in food-beverage-retail-packaging for 2023.

The event was organised by Vietnam Report JSC and the online newspaper Vietnamnet.

The top ten companies on the list are Vietnam Oil and Gas Group (Petrovietnam), Samsung Electronics Vietnam Thai Nguyen, Viettel Military Industry and Telecoms Group, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), PetroVietnam Exploration Production Corp, Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Military Commercial Joint Stock Bank (MB), Vietnam Bank for Agriculture and Rural Development (Agribank), and Vietnam Prosperity Joint Stock Bank (VP Bank).

The top ten prestigious food companies of the year are Nestle Vietnam Company Limited, Mondelez Kinh Do Vietnam JSC, Orion Food Vina Company Limited, Herbalife Vietnam Single Member Limited Liability Company, Thanh Thanh Cong – Bien Hoa JSC, Quang Ngai Sugar JSC, Hoang Mai Trade and Production Company Limited, Perfetti Van Melle Company Limited (Vietnam), Bibica JSC, and Long Hai Company Limited.

At the ceremony, General Director of Vietnam Report Vu Dang Vinh highlighted, that amidst the global economic downturn, the Vietnamese economy has shown signs of recovery, resulting in improved business and production activities of many enterprises.

The domestic businesses’ efforts have made significant contributions to the Vietnamese economy during tough times, he said, underlining that the ceremony aims to honour the firms with effective operations, good profits, and substantial contributions to the food-beverage-retail-packaging sectors.

The ceremony also served as a launch to help Vietnamese brands reach out to customers far and wide, he added.

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