Hanoi (VNA) – The list of top 500 companies in Vietnam in 2016 wasannounced at a ceremony in Hanoi on January 19.
The annualevent, the 10th of its kind, was held by the Vietnam Report Company,to honour businesses for their excellent performance in the 2015 fiscal year.
The VietnamOil and Gas Group topped the list, followed by Samsung Electronics Vietnam Co.,Ltd., Viettel Group, Electricity of Vietnam, and the Vietnam National PetroleumGroup.
The largestprivate businesses comprise of Truong Hai Automobile Co., Ltd., Vietnam Dairy Products Joint Stock Company (Vinamilk), DOJI Gold & Gems Group,FPT Corporation, and Vingroup.
Accordingto Vietnam Report, one of the key strategies that Vietnamese biggest companiesare pursuing to increase competitiveness is embarking on core business fields.
Theyalso move to improve labour productivity; keep and increase domestic marketshares; and make inroads into the global market, the report said, adding thatthe equitisation of State-run businesses and the development private ones havealso helped to boost economic recovery in recent years.
Bigcompanies have also focused on providing transparent information, developingmanagement strategies and expanding export markets to reach those in the regionand beyond.
Onthe occasion, Vietnam Report announced Top 50 Vietnam The Best 2016 and Top 50Most Profitable Large Enterprises 2016.
Thecompany also released a bilingual White Book featuring the 10-year developmentpath of Vietnamese big enterprises from removing bottlenecks to creating ahealthy business environment.-VNA
The number of newly-established firms hit a record high of 110,100 in 2016, up 16.2 percent from 2015, according to the Business Registration Management Agency under the Ministry of Planning and Investment.
A seminar on technology demand of the business community took place in Hanoi on January 13, in order to help with the building of a Vietnam-Korea Institute of Science and Technology (V-KIST).
Nearly 200 Vietnamese enterprises are participating in the component supply chain used by three Samsung plants in Vietnam, including 20 tier-1 vendors and 178 tier-2 vendors.
According to Vietcombank Securities (VCBS), in April and May, container volume rose 13% year-on-year, with Cai Mep-Thi Vai ports up 22%, Lach Huyen up 32% and Ho Chi Minh City ports up 8%.
Given their large populations and rising incomes, South Asian countries are importing a diverse range of goods including consumer products, processed food, healthcare and beauty items, electronic components, and construction materials. Notably, there is a growing trend among them to diversify sourcing away from China, making Southeast Asia, and Vietnam in particular, a more attractive partner.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,300 VND/USD and the floor rate 23,796 VND/USD.
An online seminar on strengthening trade relations through international trade fairs, held by the Vietnam Trade Office in India on June 25, saw the participation of nearly 50 Vietnamese seafood companies and 50 Indian enterprises in sectors of processed food, agricultural products, fruits, and spices.
The vehicles will be deployed for mail and parcel delivery by Hanoi Post, marking another step in the strategic partnership between the two firms since 2021. With this batch, the total number of electric motorbikes Honda has supplied to Vietnam Post has reached 405, operating primarily in key cities such as Hanoi and Ho Chi Minh City.
With participation from major players representing countries such as Russia, China, Japan, India, Thailand, and Indonesia, Vietbuild 2025 is expected to present a wide range of environmentally friendly and innovative products and services, especially building materials, machinery, and interior and exterior decoration.
Bulgaria holds strengths in sectors that align well with Vietnam’s development focus, including information technology, software, electronics, energy and the environment, startups and innovation, agriculture and food processing, logistics, and freight services.
Vietnam Airlines is pursuing an Environmental, Social, and Governance (ESG) roadmap to reduce emissions, improve fuel efficiency, and adopt sustainable aviation fuels. It is also investing in workforce development, corporate culture, and international management practices.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
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.
Illustrative image (Source: VNA)
