The Viet Nam Report has just announced the Profit 500 list, featuring the top 500 most profitable enterprises in Viet Nam this year.

Techcombank included in Profit 500 list (Photo: VNA)

Prominent in the list are Vingroup, Viet Nam Technological and Commercial Joint Stock Bank (Techcombank), Viet Nam Dairy Products JSC (Vinamilk), Viet Nam Prosperity Joint Stock Commercial Bank (VPBank), Military Commercial Joint Stock Bank (MBBank), Hoa Phat Group JSC, Asia Commercial Joint Stock Bank (ACB), and Truong Hai Auto Corporation.

In the 2020 Profit500, firms in construction, building materials and real estate accounted for 23.9 percent; finance, 11.6 percent; food and beverages, 10.9 percent; and electricity, 6.3 percent. 

The return on asset (ROA) of the enterprises reached 11.4 percent, a slight decrease as compared to 11.9 percent recorded in the previous year.

However, their return on equity (REO) increased 21.7 percent, higher than 20.9 percent of the year before.

Apart from the Profit 500, the Viet Nam Report also conducted a survey which unveils that 77.1 percent of the interviewed businesses have completed more than half of their yearly revenue target, with 31.6 percent of them fulfilling more than 80 percent.

Source: VNA