This year’s list of Vietnam’s top 500 (VNR500) companies was dominated by state-owned enterprises. The VNR 500 was released on November 25 and excluding Vinashin, state enterprises showed strength in the report. PetroVietnam topped the VNR500 while Saigon Gold and Silver ACB-SJC Joint Stock Company was the top private enterprise. The VNR500 2010 was based on a database of information collected by Vietnam Report with the reference to the latest statistics about enterprises nationwide announced by GSO (the updates by December 31, 2009). The ranking of the top 500 companies was made based on their 2009 revenue. This year, state-owned companies or corporations still accounted for a dominant percentage (46%), holding a key role in the Vietnamese economy that is undergoing deregulation, particularly in upstream industrial sectors or in import replacement sectors. Meanwhile, private companies accounted for 31.2% and FDI companies 23.8%. Vietnam Report’s survey results are announced on two lists: The top 500 companies that have biggest revenue and The top 500 Vietnamese private owned companies that have biggest revenue. To be included in the first list, state owned, foreign invested and private owned companies must have revenue from VND1.2 trillion (USD60 million) up. To enter the second list,… Read full this story
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