The Vietnam Report JSC on January 5 announced the list of the 500 largest Vietnamese companies in 2022 for their key contributions to the nation’s successful post-pandemic recovery.

Business executives receive credits for being in the top 500 Vietnamese enterprises in 2022. Photo: Vietnam Report

The 10 largest companies of the top 500 include Samsung Electronics Vietnam Thai Nguyen, the Vietnam Oil and Gas Group (PetroVietnam), the Vietnam Electricity (EVN), the Vietnam National Petroleum Group (Petrolimex), steel maker Hoa Phat Group, the military-run telecom group Viettel, conglomerate Vingroup, the State-owned Vietnam Bank for Agriculture and Rural Development (Agribank), Mobile World Investment Corporation, and the Bank for Investment and Development of Vietnam (BIDV).

Among the 10 largest private companies in Vietnam are Hoa Phat Group, Vingroup, Mobile World Investment Corp, consumer enterprise Masan, jewelry retailer Doji, the Vietnam Prosperity Bank (VPBank), the Vietnam Dairy Products JSC (Vinamilk), automobile manufacturer Truong Hai Group, Thanh Thanh Cong Group, and the Vietnam Technological and Commercial Joint Stock Bank (Techcombank).

In the 2022 assessment, Vietnam Report honors the companies that have been resilient through adversities and hard times, showing their growth potentialities, qualities of sustainable development and corporate governance, and future prospects.

The five biggest tackles for Vietnamese companies in 2022 are the volatile energy and material prices, increasing competitiveness in the same sector, risks of the global supply chains, pressure of increasing foreign exchange rates, and decline of consuming and purchasing powers.

In the post-pandemic volatility, the Vietnamese economy has made significant efforts to recover and regain its pre-pandemic growth rate. Vietnam records an 8.02% GDP growth rate in 2022, the highest in 12 years.

Vu Dang Vinh, general director of Vietnam Report, said the largest Vietnamese companies had been leading in driving the country’s socio-economic growth.

These companies have adopted digital transformation solutions and renovated their corporate governance systems, Vinh said.

With these actions, the largest Vietnamese companies have been resilient in overcoming the difficulties and challenges brought by the pandemic to stabilize their operations and contribute to the national recovery.

Also, on January 5, Vietnam Report introduced the linguistic White Book on Vietnamese Economy 2023 that provides a sum of 2022 results and delivers professional comments and opinions on Vietnam’s economic prospects in 2023.