Friday, October 28 2016


Top 500 VN enterprises announced

Update: January, 14/2016 - 09:41
A view of Dung Quat Oil Refinery, which is under the operation of Binh Son Oil Refining and Petrochemical Company Ltd, a member of PetroVietnam. The group was named one of the top 500 companies in Viet Nam in 2015. — VNA/VNS Photo Huy Hung
HCM CITY  (VNS) — The list of the top 500 companies in Viet Nam in 2015 and the white book about the country's economy were released at a ceremony in HCM City on Tuesday.

The State-run Viet Nam Oil and Gas Group (PetroVietnam) remained at the top of the 500 Vietnamese biggest enterprises in terms of revenue. The Viet Nam Dairy Products Joint Stock Company (Vinamilk) was ranked the country's largest private enterprise.

The annual event, the ninth of its kind, was jointly hosted by the Viet Nam Report Company and online news site VietnamNet.

Other enterprises in the top rank of the list include Samsung Electronics Vietnam Co, Ltd, Viet Nam National Petroleum Group, Electricity of Viet Nam, and Viettel Group.

Deputy Minister of Information and Communications Nguyen Minh Hong said the honoured firms were those that have strived to surpass challenges and difficulties over the past year to develop in both production and business.

"These enterprises will contribute to accelerating the country's integration process," he said.

The "White book on Viet Nam economy in 2016: on path to integration" was launched on the occasion.

The Vietnamese-English bilingual book focuses on the country's economic achievements in 2015, forecasts for 2016 and the TPP's impacts on the country's development and integration.

The report also shows that 57.1 per cent of enterprises had positive changes in production and business in the first 10 months of last year. The other 32.1 per cent had stable operations in comparison to the same period last year.

More than 48.1 per cent of the enterprises pinned high hopes on the production and business situation this year. However, enterprises were more prudent in assessing the long-term with 44 per cent expecting that their business will be "basically better" in the next five years.

The report points out that simplified administrative procedures is the priority to raise the country's competitiveness after the TPP goes into effect.

Enterprises also express their hope that the Government will increase efficiency and transparency during the implementation of regulations, and stabilise the macro-economy. — VNS

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