|
List names 500 fastest growing firms
Viet Nam Report has released the first FAST500 - a list of 500 companies with the fastest growth rate in Viet Nam.
FAST500 is aimed at highlighting effectively run companies with a fast growth rate.
"These companies are the new stars of the Vietnamese economy. They operate in a variety of fields and are located across the whole country," said Viet Nam Report's Vice Chairman Phung Hoang Company.
"FAST500 was compiled from a database of about 200,000 companies that have been registered with Viet Nam Report and other sources for the past five years," Co added.
Viet Nam Report rates companies according to independent criteria including total assets, benefits and number of employees.
Researchers found that the average growth rate of the top 500 companies from 2006-09 was 54 per cent. That figure reached 160 per cent for the top 50 and 112 per cent for the top 10.
With a growth rate of 675.3 per cent, Nguyen Kim Trading Joint Stock Company topped the FAST500.
"FAST500 has many meanings. We believe that it will help foreign investors and banks," said Co.
Private companies accounted for 78 per cent of the list.
"This is a good sign. It shows that the private sector is developing dynamically," Co said.
Viet Nam Report also released a list of the 500 fastest growing small and medium enterprises (SMEs), topped by Thanh Dat Steel Joint Stock Company.
Viet Nam Report said that 45 per cent of companies in the FAST500 were located in the northern region and 50.4 per cent of them were in southern provinces.
The top 10 companies in the FAST500 list are Sabeco Song Hau Joint Stock Company, Dong A Joint Stock Company, Mobile World Joint Stock Company, Thien Quang Corporation, Thai Hoa Manufacture and Trading Company, Mai Son Joint Stock Company, Furniture 190 Joint Stock Company, Viet Phap Paper Ltd Company and Masan Industrial Corporation.
The FAST500 awards ceremony will be held in Ha Noi at the end of March.
vietnamnews
|
