Top 500 fastest growing enterprises 2024 announced
A ceremony to announce the list of the top 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 real estate - construction - building materials companies in 2024 was held by the Vietnam Report JSC in collaboration with VietNamNet newspaper on April 25.
Hanoi (VNA) – A ceremony to announce the list of thetop 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 realestate - construction - building materials companies in 2024 was held by the Vietnam Report JSC in collaboration with VietNamNet newspaper on April 24.
This marks the 14th consecutive year of the FAST500 list beingannounced. The event aimed to honour outstanding achievements and great effortsof the Vietnamese business community during the recent turbulent times.
The top 10 businesses are the Binh Thuan Plastic Group JSC,HD Securities Corporation, Orient Securities Corporation, Imedia Technology andServices JSC, SOL E&C Construction Investment JSC, Vietnam Vitadairy MilkJSC, Taseco Land Investment JSC, Stellapharm J.V. Co. Ltd, CNC TechnologySolutions JSC, and Bee Logistics Corporation.
The rankings were based on several criteria, including compound annual growthrates, total assets, equity, pre-tax profits, and media reputation.
The honoured companies are key players in the construction andreal estate sectors. They have achieved significant achievements in providing productsto customers, established impressive reputations among the public andinvestors, demonstrated strong resilience with stable financial capabilitiesand robust resistance when facing challenging market conditions.
General Director of theVietnam Report JSC Vu Dang Vinh noted that faced with the onslaught of'headwinds” in recent times, productions and business activities of Vietnameseenterprises have somewhat faltered due to the weakening of overall demand bothdomestically and globally.
Vietnam Report’s survey indicates that up to 51.7% and 46.7% of theinterviewed companies said they failed to achieve last year’s revenue andprofit targets, respectively in 2023. Both the rates of companies reaching andsurpassing the two targets were lower than in 2021 - 2022. Notably, the ratesof those with declined revenue and profits increased almost twice and 1.5-foldcompared to the same period of 2021 - 2022.
Meanwhile, despite the ups and downs of 2023, the real estate -construction - building materials market is gradually recovering, Vinh said, emphasisingthe role of the Government and the flexible adaptation ability of businesses tohelp them obtain stronger recovery.
Within the framework of the ceremony, the Vietnam Report publisheda bilingual report on Vietnam's economic growth in 2024, which provides assessmentsof the macroeconomic prospects and business outlook for this year, and updateson challenges, motivations for growth, and promising sectors in the comingtime./.
Some 83.3 percent of the 500 fastest-growing companies in Vietnam (FAST500) are optimistic about the outlook and growth opportunities of the domestic market this year, given that the economy is on course to recover to the pre-pandemic level, according a recent survey conducted by Vietnam Report.
The lists of the 500 fastest-growing companies in Vietnam (FAST500) and the top 10 firms in real estate-construction - building material this year were announced by the Vietnam Report JSC and the VietNamNet e-newspaper during a ceremony held in Hanoi on April 22.
Tin Viet Finance JSC, Dolphin Sea Air Services Corporation and VPS Securities JSC are among the top 10 in the 500 fastest-growing companies in Vietnam (FAST500) in 2023 as announced by the Vietnam Report JSC and the VietNamNet e-newspaper on May 17.
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
