Honoring the Top 500 fastest growing enterprises in Vietnam

On this occasion, the Organizing Committee also honored the Top 50 excellent growth enterprises in Vietnam to recognize and honor typical enterprises in FAST500 that have both maintained impressive growth rates in the 2015-2023 period and made contributions significant for the community, society and the national budget during the integration period.

The ranking of Top 500 fastest growing enterprises in Vietnam, Top 10 & Top 5 Real Estate – Construction – Building Materials Companies was announced by Vietnam Report in March 2024. This is the 14th consecutive year that the FAST500 list has been published to find, recognize and honor businesses that are growing strongly in the Vietnamese economy – businesses with good business performance, based on key criteria. is compound revenue growth, and is socially responsible.

In addition, appearing in this year’s Top 10 and Top 5 lists are all key enterprises in the industry that have achieved many achievements in providing products to customers, creating an impressive image in the eyes of the public. and investors, demonstrating strong bravery with stable financial capacity and good resilience when facing difficult market contexts.

Facing the sweep of “headwinds”, in recent times, the production and business situation of Vietnamese enterprises has been somewhat gloomy due to the weakening of aggregate demand both domestically and internationally.

Vietnam Report’s survey results show that up to 51.7% of FAST500 businesses said they did not complete their revenue plans, while 46.7% of businesses did not reach the set profit level in 2023. On the contrary, , the rate of enterprises completing and exceeding plans in two targets is lower than in the 2021-2022 period. Notably, the proportion of businesses with declining revenue and profits increased nearly two and a half times over the same period.

According to Mr. Phung Hoang Co – Vice Chairman of the Board of Directors of Vietnam Report, the situation is unlikely to change overnight, but 2024 is expected to be a “buffer zone” for the market to gradually restore confidence and businesses to gradually conquer. Challenges, driving forces for recovery are clearer and opportunities are renewed, emphasizing the role of the Government and the flexible adaptability of businesses themselves.

According to businesses, in 2024, economic growth will mainly rely on the “four horse carriage”: Promoting innovation, perfecting the legal corridor, ensuring institutional uniformity and legal environment for development. economic development; Stimulate consumption demand in the domestic market; Increase public investment – quickly and effectively implement public investment capital, creating spillovers to non-state investment; Promote export of goods and services.