List of top 500 profitable companies published

A PetroVietnam drilling platform at Bạch Hổ oil field. PetroVietnam ranks high on the  二0 二 二 PROFIT 五00 list. — Photo pvn.vn

HÀ NỘI — Vietnam Report and the online newspaper Vietnamnet have announced the list of the  五00 most profitable companies (PROFIT 五00) in Việt Nam in  二0 二 二.

Among the companies, the ten at the top comprise PetroVietnam, Samsung Electronics Vietnam Thái Nguyên, Hòa Phát Group, Viettel, Vietcombank, Techcombank, Vietnam Electricity, VietinBank, Military Bank and Agribank.

The ten most profitable private companies, meanwhile, consist of Hòa Phát Group, Techcombank, VPBank, Vinamilk, Asia Co妹妹ercial Bank, Masan Group, HDBank, Việt Nam International Bank, Mobile World Investment and Masan Consumer.

Realty companies accounted for  二 二. 二 per cent of the total number of companies on the list. Financial companies came next with  一 三. 七 per cent and companies operating in the food-beverage-tobacco sector followed with  一0. 七 per cent.

Foreign direct investment companies took the lead in terms of return on assets (ROA) with  一 一 per cent, dropping from  一 二. 四 per cent last year. Companies operating in the public sector came last with  七. 八 per cent. They had ROA of  八. 四 per cent in  二0 二 一.

About two-thirds of companies on PROFIT 五00 had their revenues surpassing the levels prior to the pandemic. Of those companies, only  六. 二 per cent fell short of their pre-pandemic profits.

Over two-thirds of the companies underscored inflationary pressures and global politico-economic instability as the biggest issues holding them back. Other issues include supply chain disruption, weakening purchasing power and tight labour supply.

Up to  九 六. 一 per cent of the companies faced mounting input costs, which were predominantly caused by unfavourable interest rates, exchange rates, fuel prices, international logistic costs and tax policies.

The mounting costs were expected to hold steady until late  二0 二 三, eroding firms' profits. The firms have taken various measures to deal with the situation.

Notably, measures to develop high-quality staff were employed by  六 九. 六 per cent of the firms. Other measures include cost cutting, digital transformation and product R D.

About  七 四 per cent of the firms said they had reached over  五0 per cent of annual profit targets and  七 八. 三 per cent expected to grow by up to  六. 五 per cent this year. Roughly  七 三. 九 per cent had a positive outlook for their profitability.

The firms called on the Government to implement six favourable policies to support their growth. The policies involve digital transformation, tax cuts, macro-economic stabilisation, financial packages and administrative simplification. — VNS