Vingroup among top 40 largest enterprises in Southeast Asia

This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.

VinFast manufacturing facility in Haiphong city (Photo: Vingroup)
VinFast manufacturing facility in Haiphong city (Photo: Vingroup)

Hanoi (VNA) – Vietnamese conglomerate Vingroup has climbed eight places to rank 37th in the Fortune Southeast Asia 500, a list of the region’s 500 largest enterprises compiled by Fortune, the renowned American business magazine.

This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.

According to Fortune, Vingroup ranks first among private enterprises in Vietnam. The group earned high marks not only for its asset scale but also for its business performance and financial efficiency. In 2024, Vingroup posted 7.5 billion USD in revenue and 475.1 million USD in profit, representing year-on-year increases of 11.4% and 450.5%, respectively. Its total assets reached 32.8 billion USD.

Vingroup operates across a wide range of sectors, from industry and technology, trade and services, and social charity to infrastructure and energy. Its technology ecosystem was further strengthened in 2024 with the launch of VinRobotics and VinMotion, while its innovation funds VinIF and VinVentures continued to support scientists and startups across the country.

In the commercial services segment, brands such as Vinhomes, Vincom, and Vinpearl continued to expand. Vinhomes’ integrated urban developments, featuring comprehensive planning, green spaces, and modern amenities, have contributed to shaping contemporary lifestyles in Vietnam.

Regarding the social services sector, Vinschool, VinUni, and Vinmec also saw continued growth in both scale and quality, making significant contributions to the country’s education and healthcare systems.

This year, Vingroup plans to expand into energy and infrastructure, aiming to help drive economic growth and improve quality of life nationwide.

A company representative said that strong corporate governance, along with the application of smart technologies across all operations, will be key to achieving the group’s growth targets, reinforcing its position as a pioneer in green transformation and promoting sustainable development in Vietnam and Southeast Asia at large./.

VNA

See more

The official logo of resort airline Sun PhuQuoc Airways (Photo: Sun Group)

Official logo of resort airline Sun PhuQuoc Airways announced

Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.

High-end apartment projects in Gamuda Gardens Urban Area in Hanoi are developed by Malaysian real estate group Gamuda Land. (Photo: VNA)

OECD Economic Surveys: Vietnam 2025 report released

The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.

Prime Minister Pham Minh Chinh (R) welcomes Antoine Colin, HP Senior Vice President for Global Supply Chain Digital Transformation & Resilience (Photo: VNA)

HP looks to scale up production capacity in Vietnam

Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.

Vietnamese lychees make sweet impression on UK consumers (Photo: VNA)

Vietnamese lychees win over UK consumers

The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.

Fresh Vietnamese lychees are being sold at an Aeon supermarket in Japan. (Photo: VNA)

Vietnam Goods Week opens in Japan’s Saitama prefecture

This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.

The Green Industries Summit 2025 aims to support the country’s transition toward sustainable industrial development. (Source: NordCham Vietnam)

Nordic firms eye green industry partnerships in Vietnam

According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong speaks at the 15th National Assembly’s 9th session. (Photo: VNA)

SBV Governor calls for overhaul of FDI attraction strategy to drive stronger growth

The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.