Oil and gas exploitation activities in Bach Ho field.  Photo vpn.vn

HÀ NỘI — The Vietnam Report JSC and online newspaper VietNamNet held a ceremony to announce the Profit500 2019 list on Wednesday.

The list names the 500 most profitable enterprises in Việt Nam.

The Vietnam Oil and Gas Group (PVN) topped the list. This is the second year that the group has taken the leading position among the top 500 enterprises.

Other firms listed include the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Việt Nam Mobile Telecom Services Corporation (MobiFone), Đất Xanh Group, Vingroup and Quảng Ngãi Sugar JSC.

Profit500 was created to enhance the prestige and brand of businesses, help them approach new opportunities, attract investors and  improve their competitiveness.

Vũ Đăng Vinh, director general of Vietnam Report, said this year was considered a bright spot of Vietnamese economy with many remarkable achievements such as a promising growth rate of 6.98 per cent.

In addition, the consumer confidence index has also improved, he said.

Evaluating the business and investment environment in the first nine months of this year, many businesses at the event agreed reform and innovation efforts have had positive results.

Indicators of macroeconomic management of the Government, capital assessment, tax system and tax administration have all been evaluated highly.

Earlier, Vietnam Report announced the ranking of the 10 most prestigious retail companies this year.

The companies included VinCommerce General Trading Services JSC, Aeon Vietnam Co., Ltd., BigC, Southern Airports Services JSC (Sasco) and Lotte Vietnam Shopping Joint Stock Company. — VNS