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VNR500: 30 businesses join the 1 billion dollar club
The 2011 VNR500 – the list of the Vietnamese biggest 500 enterprises – was released on November 2011, which names 30 enterprises having joined the one billion dollar club.
This is for the fifth consecutive year--Vietnam Report Company and VietNamNet releases the VNR500 ranking to recognize the achievements of the Vietnamese business community.
There are six most noteworthy points in this year’s report.
Firstly, the enterprises belonging to the state economic sector, i.e. the economic groups, general corporations and enterprises, where the State holds the controlling stakes, still account for the biggest proportion, 41.6 percent, of the total enterprises. The figures are 37.4 percent and 21 percent for foreign invested enterprises and private enterprises, respectively.
Four state owned economic groups and two general corporations have been listed in the top 10 enterprises.
The statistics show that the private economic sector has been growing very rapidly. The 2008 VNR500 report only comprised of 24 percent of private businesses, while the proportions rose to 30 percent in 2009, to 31,2 percent in 2010 and then to 37.4 percent in 2011.
Secondly, some key industries still can maintain their advantages. 15 percent of the enterprises in the 2011 VNR500 report are operating in the petroleum product distribution, 9.8 percent come from the finance and banking, 8.2 percent from food and drink industry. Meanwhile, 6 percent of enterprises come from telecom sector, and 6.8 percent from the power sector.
Thirdly, the 2011 VNR500 report has pointed out that 30 enterprises have become eligible for joining the one billion dollar club, i.e. the club of the enterprises with the revenue of one billion dollars. The average revenue of the 30 enterprises is 3.2 billion dollars, higher than the 2.7 billion dollar level in the 2010 report.
The gap between Vietnamese businesses and the businesses in the world has been narrowed, when the biggest 50 businesses in the 2011’s report have the revenues high enough to appear in the 2000 Forbes ranking.
Fourthly, foreign invested enterprises are still leading in terms of business efficiency with the ROA (return on asset) of 9 percent. The index is much higher than that of the state economic sector (2.7 percent) and the private sector (2.5 percent).
The noteworthy thing is that the ROA of state owned enterprises has been halved from 5 percent in the 2010’s report to 2.7 percent
Fifthly, the biggest enterprises are mostly located in the two big economic centers of Hanoi (21.8 percent) and HCM City (25.8 percent). Meanwhile, the enterprises in other localities just account for 6 percent.
Sixthly, the 2011 report shows big changes with 18 percent of the 2010’s VNR500 report not named in the 2011’s report.
The VNR500 ranking is the result of the research of Vietnam Report under the consultancy of the domestic and international experts, headed by Professor John Quelch, former Deputy Dean of Harvard Business School.
The VNR500 is built up based on scientific principles, independent and following the international standards. Businesses do not have to pay any kinds of fees in order to be listed in the VNR500 ranking, and no one can make intervention to change the ranking.
The enterprises only get informed about their ranks after Vietnam Report makes public the report on mass media.
The list of the top 10 enterprises
vietnamnet
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