FAST500 is aimed at highlighting effectively run companies with a fast growth rate. "FAST500 was compiled from a database of about 200,000 companies that have been registered with Vietnam Report and other sources for the past five years," Co added. Vietnam Report rates companies according to independent criteria including total assets, benefits and number of employees. Researchers found that the average growth rate of the top 500 companies from 2006-09 was 54 percent. That figure reached 160 percent for the top 50 and 112 percent for the top 10. With a growth rate of 675.3 percent, Nguyen Kim Trading Joint Stock Company topped the FAST500. Private companies accounted for 78 percent of the list. Vietnam Report also released a list of the 500 fastest growing small and medium enterprises (SMEs), topped by Thanh Dat Steel Joint Stock Company. The top 10 companies in the FAST500 list are Sabeco Song Hau Joint Stock Co, Dong A Joint Stock Co, Mobile World Joint Stock Co, Thien Quang … [Read more...] about 500 fastest growing firms announced
500 fastest growing private companies
The congregation of many Vietnamese companies in THAIFEX
Widen the scale…Several Vietnam’s F&B businesses show their interest in this one-stop trading platform to boost Vietnam’s F&B products internationally. Returning exhibitors from Vinamilk, Dan On Food, Rita Food & Drink, Minh Phong Green & Agricultural Products J.S.C has participated at THAIFEX for more than 5 consecutive years. Besides are new players such as Seafarm Liability Limited Company, Lotus Rice Ltd., etc. Vietnam’s exhibitors also see an impressive 55% increase in space area in 2017 as well as a new seafood pavilion.Not only does the Asia-Pacific region have some of the fastest growing F&B industries in the world, with projected year-on-year growth rates averaging 11%, there has also been increased attention to healthier living and demand for better labeling and packaging. In an answer to this prevailing trend, THAIFEX 2017 showcases distinguished features, including an additional 13,500 square in event space, making it the … [Read more...] about The congregation of many Vietnamese companies in THAIFEX
FAST 500 reveals SOE shortfalls
Two thirds of the firms listed in the Fast 500 were from the private domestic sector The Fast 500 Ranking List 2013, drawn up annually since 2011 by Vietnam Report, showed that two-thirds of the 500 fastest-growing companies in Vietnam are private domestic firms. Fast 500 lists the 500 quickest-growing firms in Vietnam in terms of revenue growth. Other factors such as total assets, number of employees and profit after tax are also taken into consideration. Vietnam Report said private domestic enterprises comprised more than 65 per cent of the list, double that of state-owned enterprises (SOEs). The average growth rate of the private domestic sector was 50.3 per cent, significantly higher than SOEs and foreign-invested companies with 38.9 per cent and 43.8 per cent, respectively. “The results showed how vibrant the private sector is despite a poor business year and it bodes well for the economy in 2014,” said Vietnam Report deputy chairman Phung Hoang Co. It was a different … [Read more...] about FAST 500 reveals SOE shortfalls
Private sector dominates 500 fastest growing firms
According to the FAST 500 ranking in2013 announced on February 18, Intimex Nha Trang JSC topped the list,followed by CNG Vietnam JSC and Phan Minh Trade and Services Co. Ltd.FAST 500 is conducted by Vietnam Report Joint Stock Company(Vietnam Report). It is based on the Compound Annual Growth Rate (CAGR)which considers firms’ total assets, labour and post-tax profit, as wellas turnover in the 2009-2012 period. This year’s ranking showsthat the average growth rate of these in the 2009-2012 period stood at44.7 percent, lower than that recorded between 2008 and 2011. Of the total, the food and beverage industry posted the highest numberof businesses in the list, accounting for 18 percent. Construction andreal estate came next with 16 percent while mineral, oil and gas wasthird with 9 percent. Nearly 88 percent of the surveyed firmsforecast that 2014 will be a better year for the business sector,according to Vietnam Report.-VNA … [Read more...] about Private sector dominates 500 fastest growing firms
Private Sector: Remaining Major Growth Driver
The private sector is the core of growth power and creativity of Vietnam’s economy, according the FAST500 Report, a list of 500 fastest-growing companies in Vietnam in 2011 released by Vietnam Report Joint Stock Company (VNR). According to Vietnam Report, the private sector makes up majority of FAST 500 businesses, accounting for 71.6 percent. State-owned enterprises (SOEs) take up 22.2 percent in the list. Growing private businesses have lofty aspirations and long-term investment commitments. Even in the current tough times, more than 70 percent of private enterprises in the FAST 500 list plan to expand production in 2012, according to the FAST report surveyed in January 2012. Many FAST 500 companies are optimistic about continued high business growth in 2012 and 2013. This young and dynamic business force will boost pressure on, and also be a destructive agent to old and monopolistic entities. This is described as the "creative destruction" of market competition, … [Read more...] about Private Sector: Remaining Major Growth Driver
FAST 500 Rankings: Dynamism of Private Sector
The Nha Trang Import and Export Coffee Joint Stock Company (Intimex Nha Trang) tops the FAST 500 Ranking 2013 (500 fastest growing companies in Vietnam). The FAST 500, conducted by the Vietnam Report Joint Stock Company (Vietnam Report) in coordination with the VietnamNet online newspaper, was recently released in Hanoi.The FAST 500 Rankings is released annually to honour dynamic businesses with high growth rates in the period of 4 years from 2009 to 2012. The ranking is seen as a driving force for growing businesses who make great efforts to overcome difficulties and aim for sustainable growth in the long term. This is the fourth consecutive year the FAST 500 Rankings is officially made in Vietnam. The ranking of enterprises in the FAST 500 is based on the Compound Annual Growth Rate (CAGR) which considers their total assets, labour and post-tax profit, turnover, as well as reputation in the media in the 2009-2012 period. Private sector is the most dynamic According to the FAST … [Read more...] about FAST 500 Rankings: Dynamism of Private Sector
List names 500 fastest growing firms
FAST500 is aimed at highlighting effectively run companies with a fast growth rate. "These companies are the new stars of the Vietnamese economy. Theyoperate in a variety of fields and are located across the wholecountry," said Vietnam Report's vice chairman Phung Hoang Co. "FAST500 was compiled from a database of about 200,000 companies thathave been registered with Vietnam Report and other sources for the pastfive years," Co added. Vietnam Report rates companies according to independent criteria including total assets, benefits and number of employees. Researchers found that the average growth rate of the top 500 companiesfrom 2006-09 was 54 percent. That figure reached 160 percent for thetop 50 and 112 percent for the top 10. With a growth rate of 675.3 percent, Nguyen Kim Trading Joint Stock Company topped the FAST500. "FAST500 has many meanings. We believe that it will help foreign investors and banks," said Co. Private companies accounted for 78 percent of the list. "This is a … [Read more...] about List names 500 fastest growing firms
Private sector dominates fastest-growing firm list
Nhan Dan Online – Two thirds of the 500 fastest-growing companies in Vietnam are private firms, according to the FAST 500 report released by consultancy firm Vietnam Report. FAST 500 lists the 500 quickest-growing firms in Vietnam in terms of revenue growth during the 2009-2012 period. Other factors such as total assets, number of employees and profit after tax were also taken into consideration. Vietnam Report said private firms make up more than 65% of the list with their average growth rate significantly higher than that of State-owned and foreign-invested companies. According to FAST 500, the three fastest growing firms are Intimex Nha Trang, CNG Vietnam and Phan Minh Company. The report noted that the revenue growth rate of the ten fastest-growing companies averaged at 129.5% in 2013. A breakdown of sectors shows companies in the food and beverage sector posted the strongest growth at 18%, followed by construction and mining with average growth rates of 16% and 9% … [Read more...] about Private sector dominates fastest-growing firm list
City breaks 500 barrier but liquidity low
FPT Securities Co analysts at work. The VN-Index last week broke 500 points and is expected to further increase. — VNS Photo Thai Ha HA NOI (VNS)— Shares made significant gains on the HCM City Stock Exchange last week to break the 500 point barrier, but stocks tumbled in Ha Noi as liquidity remained low.The VN-Index on the HCM City Stock Exchange gained 1.4 per cent to reach 500.62 points, an important landmark which should buoy traders' confidence. Trading value averaged VND656.8 billion (US$30.9 million) per session, which was relatively low considering trading time had been extended by nearly an hour.Large-cap stocks led last week's rally, while small-cap shares generally struggled. Increased selling pressure from the previous week dragged the market down on Monday, but trading was more balanced in the following sessions when demand increased as shares reached attractive prices. Blue-chips were the main focus of the buys.The gains of PetroVietnam Gas … [Read more...] about City breaks 500 barrier but liquidity low
Rubber bounces a growing deforestation concern
Under the Rubber Develop-ment Strategy toward 2015 with a vision to 2020, approved by the Prime Minister in 2009, rubber plantation areas will be kept at 800,000ha. The strategy, along with policies allowing conversion of 150,000ha of natural poor forestland to a rubber plantation has caused a rapid increase in the total area allotted to plantations in recent years. So far, all objectives set out in the 2009 strategy were lower than the real figures. By the end of 2012, plantations covered 915,000ha, and is continuously expanding. This has raised many concerns over the narrowed areas of natural forests. Viet Nam News reporters interviewed stakeholders about the issue. Many people said that we are trading off natural forests to plant rubber. What do you think about the situation? Nguyen Ngoc Lung – Sustainable Forest Management and Forest Certification Institute: Yes, we are planting rubber at any cost. The Prime Minister's decision in … [Read more...] about Rubber bounces a growing deforestation concern