Private sector makes up majority of 500 fast growing firms

The Vietnam Report Joint Stock Company (Vietnam Report) has released its FAST500 -- a list of 500 businesses achieving the fastest growth rates in Vietnam during 2007-2011, with those in the private sector accounting for up to 71.6 percent.

State-run businesses held 22.2 percent in the list.

Hanoi and Ho Chi Minh City had more than a half of FAST500 companies, with 144 and 120 businesses, respectively.

File photo for illustration

According to the report, agro-forestry and aquatic products achieved a relatively high growth rate of over 50 per cent, equivalent to the average figure recorded by businesses operating in the steel and service sectors.

The list includes companies headquartered in provinces with difficult conditions like Nghe An in the central region and Dak Lak in the Central Highlands.

By H. My, translated by Quang Tri

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).