A Viet Nam Report survey on the 500 most profitable companies in the country said most business insiders expect technology to remain the leader in attracting investment. The man works in the steel pipe factory of Hoa Phat Group JSC. Hoa Phat is among the top 10 most profitable companies in Viet Nam. The survey announced the Profit500 Ranking for Viet Nam in Ha Noi on Monday. Technology was the most common answer among enterprises (51.4 per cent of respondents), construction and real estate (40 per cent) and retail (34.3 per cent). In the Profit500 Ranking, the companies with the highest average pre-tax profits are in telecommunications, information and technology. The enterprises have the potential to show stable growth profit indicators. While the world is moving towards the Fourth Industrial Revolution, the application of technology in Vietnamese businesses is still in its early stages due to lack of capital, infrastructure and a skilled workforce. The report said many Vietnamese businesses have strong demand but not enough strategic orientation in the investment process. 57 per cent of surveyed businesses reported they are speeding up investment in technology. 37.1 per cent are investing gradually and 8.6 per cent are still in preparatory… Read full this story
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