Vinacomin Power Corporation-One Member Limited Liability Company came in second place, followed by Vung Ang Oil and Gas Petroleum Joint Stock Company, Long Son Co., Ltd and the European Plastic Joint Stock Company.
The FAST500 ranking list saw approximately 51.6% of its enterprises making the VNR500 table – featuring Vietnam’s 500 largest companies in 2014 – which was released by the Vietnam Report early this year. Nearly 72% of these fastest growing firms were private, and over 56% of them had made the 2014 FAST500 table.
Addressing the ceremony, Bui Sy Hoa, Editor-in-chief of the VietNamNet newspaper, and Nguyen Minh Hong, Deputy Minister of Information and Communications, congratulated the FAST500 enterprises and hailed their significant contributions to national economic development.
On the occasion, the Vietnam Report also released the top 50 enterprises with the best growth in the 2009-2014 period, and published another list of Vietnam’s 500 small and medium-sized enterprises (SMEs) with the fastest growth rates in 2015.
In addition, the Vietnam Report introduced a bilingual report on Vietnam’s growth, which features intensive analysis on growth opportunities and challenges of key economic industries including telecommunication technology, food and beverage, and agriculture, and put forward recommendations to minimise possible risks and ensure rapid and sustainable growth in the next period.
FAST500 is an annual ranking built independently and objectively and is internationally standardised with references of the Inc500, Fortune500 and Deloitte500 models. The rating’s criteria include the compound annual growth rate (CAGR) of revenues in the 2010-2013 period and revenue prospects for 2014 and 2015, after-tax profits, total assets, and prestige in the media.
