Home Economy

41 Vietnamese firms join billion dollar club

Jan 29th at 14:34
29-01-2015 14:34:59+07:00

41 Vietnamese firms join billion dollar club

As many as 41 local enterprises joined the Billion US Dollar Club for recording annual revenues of over US$1 billion. They were listed among the country's 500 largest enterprises (VNR500) in 2014.

According to the VNR500 2014, released by the Viet Nam Report Joint Stock Company (Viet Nam Report) on Tuesday, Viet Nam National Gas and Oil Group (PetroVietnam) secured the top spot.

PetroVietnam earned VND745.5 trillion (US$34.8 billion) in revenue in 2014. This is its seventh consecutive year in the top position.

Other big names included Samsung Electronics Viet Nam, VietNam National Petroleum Group (Petrolimex), Electricity of Viet Nam (EVN) and Viettel Group. The VNR500 rating is internationally standardised by Viet Nam Report, aiming to honour Vietnamese enterprises' achievements each financial year.

bizhub

MOST READ

NEWS SAME CATEGORY

Economic zone gets funding boost
ECONOMY Jan 29th at 14:32

Economic zone gets funding boost

Prime Minister Nguyen Tan Dung has issued special policies for the Van Don Economic Zone in Quang Ninh to invite more investment to the zone as well as the province.

Central Highlands examines how to attract more foreign investment
ECONOMY Jan 29th at 14:29

Central Highlands examines how to attract more foreign investment

The Central Highlands region lags behind other areas in the country in attracting foreign investment due to its poor infrastructure and lack of skilled labour.

70 percent of Vietnamese CEOs are over 50 years old
ECONOMY Jan 28th at 14:45

70 percent of Vietnamese CEOs are over 50 years old

 More than 73% of the chief executive officers (CEOs) of large enterprises in Vietnam were born in the 50s and 60s, according to statistics of the Vietnam Report...

How do Vietnamese spend their money?
ECONOMY Jan 28th at 14:40

How do Vietnamese spend their money?

According to the latest figures published by Nielsen market research firm, 85 out of 100 Vietnamese people are changing their consumption habits.

Investment in casinos: an insidious race
ECONOMY Jan 28th at 14:37

Investment in casinos: an insidious race

According to the Government’s portal, Prime Minister Nguyen Tan Dung has given the nod to a recreational complex, including a casino on the resort island of Phu...

Apple iPhone sales trample expectations as profit sets global record
ECONOMY Jan 28th at 14:35

Apple iPhone sales trample expectations as profit sets global record

Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China...

Most private firms in Vietnam still use machinery made in 1960s-70s: report
ECONOMY Jan 28th at 14:33

Most private firms in Vietnam still use machinery made in 1960s-70s: report

Although it is already 15 years into the 21st century, most private Vietnamese businesses are still using machinery made somewhere in the latter half of the...

Taxi fares cut in 43 cities and provinces
ECONOMY Jan 28th at 14:28

Taxi fares cut in 43 cities and provinces

Taxi fares have been reduced in 43 cities and provinces following the petrol price cut, online newspaper Bao Thanh Tra (Vietnam Inspection newspaper) reported on...

Apple profit hits new high on rocketing iPhone sales
ECONOMY Jan 28th at 14:27

Apple profit hits new high on rocketing iPhone sales

Apple's quarterly profit soared to a record US$18 billion on the back of booming iPhone sales, especially in China.

Ride economic recovery to market success, SMEs urged
ECONOMY Jan 28th at 14:23

Ride economic recovery to market success, SMEs urged

 Small and medium–d enterprises (SMEs) have been urged to improve their competitiveness amid rapid global integration, to grab opportunities as signs of economic...

Read More

MOST READ

Back To Top