HCM City (VNA) – Forbes Vietnamon June 5 unveiled the top 50 listed companies in 2023, the 11th year it has released this list in the country.
The rankings are based on last year’saudited consolidated financial reports of the companies listed on the Ho ChiMinh Stock Exchange (HSX) and the Hanoi Stock Exchange (HNX).
Forbes Vietnam said total after-taxprofit of the 50 firms stands at over 228 trillion VND (9.7 billion USD) whiletheir combined revenue 1.49 quadrillion VND, respectively rising 18% and 24.9%from the 2022 list.
The Vietnam National Petroleum Group(Petrolimex) remains the biggest revenue earner with more than 304 trillion VND.Meanwhile, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)recorded the most after-tax profit, almost 29.9 trillion VND.
The top 50 listed companies aredivided into sectors, and most are leading firms or those already gaining afoothold in their sectors.
The rankings are dominated bybusinesses in the financial (banking, securities, insurance), essentialconsumer goods, and logistics industries. In contrast, representatives of thereal estate and material sectors halve.
There aren’t many new names in this year’s list compared to previous years,according to Forbes Vietnam.
In 2022, profits of listed companiesin general and those in the top 50 list hit a record level. However, during the listcompilation process, the magazine also saw that businesses are now facing themost trying times in about 10 years./.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source: Forbes Vietnam) 
