Hanoi (VNA) – The 2025 edition of FAST500, a list of Vietnam’s 500 fastest-growing enterprises, was officially announced in Hanoi on April 24 by Vietnam Report JSC in collaboration with VietNamNet newspaper.
Now in its 15th year, FAST500 honours businesses that are thriving and making strong contributions to Vietnam’s economic development. The rankings are based primarily on compound annual revenue growth, alongside indicators of corporate social responsibility.
The top 10 in the list are prominent names such as Ngan Tin Investment Group JSC, FPT Long Chau Pharmaceutical JSC, Nam A Information Technology JSC, Stellapharm J.V. JSC, Taseco Real Estate Investment JSC, Binh Thuan Plastics Group JSC, Petro Times JSC, Vitadairy Vietnam JSC, Searefico Engineering and Construction JSC, and Viet Thanh Plastic Trading and Manufacturing JSC.
Organisers also announced the FAST RISING 100, recognising a group of “rising star” enterprises with high potential for breakthrough growth. These include businesses with sustainable growth, rapid expansion, or outstanding recovery performance.
Also featured were the Top 10 and Top 5 reputable companies in the real estate, construction, and building materials sectors – key players that have delivered strong performance and earned investor trust through financial resilience and recovery efforts.
Speaking at the event, Vietnam Report CEO Vu Dang Vinh noted that many businesses continue to face challenges such as high inflation, global trade tensions, and a sluggish economic rebound.
According to Vietnam Report, the average compound annual revenue growth of FAST500 companies during 2020–2023 stood at only 22%. Despite this, the FAST500 firms have still demonstrated commendable resilience.
Preliminary 2024 data shows these firms continued to outperform, with many maintaining or accelerating their growth trajectories, even as others stagnated or declined. This sustained success highlights their solid financial foundations and agile business strategies.
⛄ Also at the event, Vietnam Report also released a bilingual economic growth report titled “Rebirth”, offering insights into macroeconomic trends, prospects of potential sectors, and main growth drivers, and market shaping trends in the time ahead./.
On March 11, Vietnam Report Joint Stock Company (Vietnam Report) in collaboration with VietNamNet Newspaper announced the FAST500 Ranking - Top 500 Fastest Growing Enterprises in Vietnam in 2024.
The 100 most valuable Vietnamese brands in 2024 were honoured at a ceremony held by Consultancy Vietnam Brand Purpose and global consultancy Brand Finance in Ho Chi Minh City on October 11.
Pho tron (mixed pho), nom (traditional Vietnamese salad), and goi ga (Vietnamese shredded chicken salad) have all appeared on TasteAtlas’s list of the 100 best salads in the world.
International trade is no longer merely an exchange of goods but a strategic lever enabling Vietnamese enterprises to enhance capacity, secure partnerships, and expand globally.
In the first eight months of 2025, Vietnam’s total trade value reached nearly 600 billion USD, up 16.3% year on year. Of this, exports stood at 306 billion USD, a 14.8% increase, already surpassing the full-year target.
Vietnam aims to maintain macroeconomic stability, control inflation below the target, achieve growth of 8.3-8.5%, ensure major economic balances, surpass budget revenue estimates by 25%, and control public debt, government debt, foreign debt, and budget deficit.
Reaffirming Vietnam’s commitment to foreign investors, Finance Minister Nguyen Van Thang said government policies always aim to ensure transparency, fairness and a mutually beneficial environment that promotes innovation and safeguards investor rights, making Vietnam a sustainable and long-term investment destination.
The State Bank of Vietnam must launch an official gold price information portal, study the establishment of gold exchanges, and issue guiding documents to implement the Government’s decree on the management of gold trading activities.
According to the World Bank Group, Vietnam will need approximately 368 billion USD in investment for climate adaptation and carbon reduction projects by 2040. Yet, as of the end of 2024, green credit accounted for just 4.5% of the country’s total outstanding loans.
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimise production process, control supply chain, and meet consumers’ demands.
The French side pledged to share technical guidelines and safety standards, with the Institute for Radiological Protection and Nuclear Safety (IRSN) ready to provide training for Vietnamese specialists.
Vietnam now has more than 940,000 private enterprises and over 5 million household businesses, contributing approximately 50% of GDP, over 30% of state budget revenue, and employing 82% of the national workforce.
Businesses underlined the need for expanding green credit and non-collateral concessional loans for circular agriculture projects, facilitating their participation in national key projects, and fostering alliances among Vietnamese enterprises as well as cooperation with regional partners.
State-owned Vietcombank currently leads the banking system with total assets exceeding 85 billion USD and a market capitalisation of over 20 billion USD, while maintaining strong financial safety indicators. Its non-performing loan ratio remains the lowest in the sector at 0.97%.
Malaysia is Vietnam’s third-largest trading partner in ASEAN and ninth globally, as well as a key investor with 731 valid projects worth about 13 billion USD. Bilateral trade reached 9.23 billion USD by July 2025, up 8% year-on-year, nearing the 18 billion USD target.
Finance Minister Nguyen Van Thang noted that free trade agreements such as the UK–Vietnam Free Trade Agreement (UKVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have expanded opportunities for businesses in both countries.
Lotte Shopping currently operates three department stores and 16 supermarkets in Vietnam, alongside one department store and 48 supermarkets in Indonesia. The company highlighted the success of its flagship Lotte Mall West Lake Hanoi, which opened in 2023, describing it as a model for future premium complexes. Kim said the group intends to replicate this concept in other major Vietnamese cities.
In the EU, illegal, unreported and unregulated (IUU) fishing remains a major obstacle to Vietnam's efforts to have the European Commission (EC)'s “yellow card" lifted. The bloc’s dense and constantly changing regulatory framework also affects farming zones, production processes and quality standards.
The Vietnam Private Sector Forum 2025 (VPSF 2025) opened in Hanoi on September 15, packing in over 1,500 entrepreneurs, economists, and international organisations across four thematic sessions to reshape Vietnam’s private sector landscape.
The economic picture in the first eight months of 2025, whether viewed from the overall economy or from a local perspective, is very positive. Major economic centres have recorded extremely impressive growth in the period, the Ministry of Finance stated in its recent report on the socio-economic situation, sent to the Government.
