500 businesses achieve fastest growth rates

Vietnam Report Joint Stock Company (Vietnam Report) will announce rankings in 2011 - a list of 500 businesses achieving the fastest growth rates in Vietnam on February 21.

The FAST 500 rankings in 2011 showed that the average growth rate of 500 businesses in the 2007-2010 period was at 57 percent.

Vietnam Report’s quick survey in January found that more than 70 percent of private enterprises in the rankings have planned to increase their investment and production activities in 2012.

Agro-forestry and aquatic products are expected to achieve a relatively high growth rate of over 50 percent, equivalent to the average figure recorded by businesses operating in the steel and service sector.

Hanoi and HCM City remain the most dynamic economic hubs in the country with their businesses accounting for major proportions in the FAST 500 rankings (29 percent and 24 percent, respectively).

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