Tin Viet Finance JSC, Dolphin Sea Air Services Corporation and VPS Securities JSC are among the top 10 in the 500 fastest-growing companies in Vietnam (FAST500) this year as announced by the Vietnam Report JSC and the VietNamNet e-newspaper on March 16.
500 fastest-growing companies in 2023 announced. (Photo: Vietnam Report)
Hanoi (VNA) - Tin Viet Finance JSC, DolphinSea Air Services Corporation and VPS Securities JSC are among the top 10 in the500 fastest-growing companies in Vietnam (FAST500) this year as announced bythe Vietnam Report JSC and the VietNamNet e-newspaper on March 16.
The others in the top 10 included Vantage Logistics Corporation, BeeLogistics Corporation, Super Cargo Service Company Limited, Deo Ca TrafficInfrastructure Investment JSC, MB AGEAS Life Insurance Company Limited, ThienPhu Si JSC and Mirae Asset Securities (Vietnam).
According to a survey by Vietnam Report, the compoundannual revenue growth rate (CAGR) of the FAST500 has improved significantlyas compared with the 2017-2023 period.
Notably, the private sector took the lead in terms of theCAGR this year with a growth rate of 2.3%, reflecting the strong recovery ofthe sector – the main engine of the national economy.
Up to 81.3% of the questioned firms said they maintainedtheir revenue growth in 2022, and some 70% experienced increases in profits fromthe previous year, of which more than half recorded growth of over 75%.
However, only 69.6% of the enterprises recorded hikesin the number of orders, a drop from the previous year’s 82.1%.
Despite the reduction, the layoff rate in the2021-2022 period was lower than that in 2020-2021.
According to Vietnam Report General Director Vu DangVinh, 62.5% of the businesses said they will expand their operations and 37.5%want to maintain their business scale.
FAST500, launched in 2011, is based on the compoundannual growth rate (CAGR) in terms of revenue and business performance. Othercriteria such as total asset, after-tax profit, and companies’ prestige on themedia are also taken into account to identify their scale and stature in theindustries they operate in./.
A seminar on how to fully tap the benefits of imports and investment from the EU – Vietnam Free Trade Agreement (EVFTA) was held by the Cong Thuong (Industry and Trade) Magazine on December 6.
The 56th Hong Kong Brands and Products Expo, one of the largest outdoor expos in Hong Kong (China), is in full swing, offering great opportunities for Vietnamese firms.
Vietnamese enterprises need to improve their social and environmental performance to secure their position in global supply chains, a seminar heard in Ho Chi Minh City last week.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
500 fastest-growing companies in 2023 announced. (Photo: Vietnam Report) 
