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Oil and Gas Group tops best businesses
The Viet Nam Report Joint-Stock Company on Nov. 25 issued its fourth annual list of the top 500 Vietnamese companies, with Viet Nam National Oil and Gas Group heading the list.
Nearly half of the companies in the VNR500 are State-owned enterprises. Foreign-invested and private companies account for 23.8 per cent and 31.2 per cent, respectively.
The proportion of private companies in the VNR500 has increased yearly, making up 24 per cent in 2008 and 30 per cent in 2009.
The Viet Nam Report ranks companies according to independent criteria, such as enterprises with the biggest benefits; enterprises with the biggest total assets; and enterprises with the biggest number of employees.
Besides the Viet Nam National Oil and Gas Group, the top 10 included the Viet Nam National Petroleum Corporation, Electricity of Viet Nam, Viet Nam Post and Telecommunications Group, Viet Nam National Coal-Mineral Industries Group, Saigon Jewelry Company Limited, Viettel Group, Viet Nam Bank for Agriculture and Rural Development, Viet Nam Southern Food Corporation and Petro Viet Nam Exploration Production Corporation.
VNR500 is the result of an independent survey conducted by Viet Nam Report with the support and consultancy of domestic and foreign experts, headed by US Professor John Quelch, Associate Dean of Harvard Business School.
The organising board said it based the ranking on the Forbes 500 model and on international standards.
The database was sourced from figures on total assets, turnover, profit, growth rate and number of labourers compiled by the General Statistics Office (GSO), and surveys and prospectuses provided by enterprises.
The top 500 are companies that have prominent production and business results and made great contributions to the development of Viet Nam's economy.
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