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F&B dominates listing of 500 fastest growing Vietnamese firms

Food and beverage enterprises dominate the FAST500 ranking of enterprises for 2020 compiled by Vietnam Report (VNR).

Ngày đăng: 17 tháng 3, 2021
Cập nhật: 27 tháng 11, 2021
Lượt xem: 66329229
Nguồn: vnexpress

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Food and beverage enterprises dominate the FAST500 ranking of enterprises for 2020 compiled by Vietnam Report (VNR). 

Food and beverage enterprises dominate the FAST500 ranking of enterprises for 2020 compiled by Vietnam Report (VNR).

The report says food and beverage industry has a growth of 68.9%, followed by retail (66.7%) and telecommunications and information technology (66%).

Topping the list is the bioplastic company An Tien Industries, followed by Quang Ninh Port Joint Stock Company and Khai Anh - Binh Thuan Food Trading Co.,Ltd.Ltd.

Over the five-year period from 2015 to 2019, the average compound annual growth rate (CAGR) of businesses in the top 500 was 28%, according to the report.This period saw the rise of the private sector, asserting its role as the economic locomotive of the country at a CAGR of 30.1 percent. The number of enterprises in this sector also dominated the FAST500 listing with 74.2 percent.

The report says the private sector generates about 42 percent of GDP, contributes about 30 percent of the national budget and employs 85 percent of the nation's workforce.

VNR also identified the top 5 factors contributing to business growth in the 5-year period 2015-2019.

The leading factor is the growth of domestic and regional markets, followed by development of new product lines, expansion of existing markets, development of new market segments and labor availability. skilled at competitive cost.

The report also mentions 5 challenges for business growth: volatile market due to the impact of Covid-19; increased competition; increased input costs; complicated administrative procedures and uncertain business environment.

VNR said the industries with the highest growth potential in the next three years are: telecommunications and information technology; clean agriculture; retail; and healthcare and pharmaceuticals.

The report is based on independent research and evaluation of the compound annual growth rate of sales and other metrics such as return on assets, return on equity, profitability and company reputation. company in the media.


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