In the Top 500 most profitable companies in Vietnam in 2019, the three leading faces remain unchanged compared to 2018 and 2017. This ranking only changes the leading ranking as this year is the Group Vietnam Oil and Gas, No. 2 is Samsung Electronic Vietnam Co., Ltd. and No. 3 is Telecommunication - Military Industry Group (Viettel).
Last year, this leading position belonged to Samsung Electronic Vietnam and 2017 belonged to Viettel.
For the ranking of the Top 500 most profitable private companies in Vietnam in 2019, led by Vingroup, followed by Vietnam Dairy Products Joint Stock Company (Vinamilk) and the third is Vietnam Technological and Commercial Joint Stock Bank. (Techcombank).
Last year, the leading position belonged to Vietnam Dairy Products Joint Stock Company (Vinamilk), the second was Hoa Phat Group Joint Stock Company (this year, Hoa Phat ranked 4th).
FDI companies in the Profit500 rankings in 2019 have the effective use of assets of about 17% compared to 11.5% and 12.7% of the state and non-state sectors.
The efficiency of capital use of FDI companies is also outstanding, with a return on capital (ROE) of 26.4% compared to 17.6% of state-owned companies.
The large disparity in profitability shows that the competitiveness of domestic companies, despite improving in the past few years, is still low, if not improved in the coming time, it will lag behind. dynamic and effective FDI companies.
In addition to announcing the rankings, the organizers also surveyed the barriers and challenges that may affect the growth potential of businesses in the second half of 2019 and the first 6 months of 2020. Companies choose 5 barriers, the main challenges are: complicated administrative procedures (55.6%); fears of unstable economic growth (52.4%); concern about increasing tax burden (39.7%); exchange rate fluctuations (36.5%) and difficult to access capital sources (30.2%).
Five barriers and challenges for businesses - Graphic: VNR
In addition, some other specific barriers, though accounting for only about 14%, are also worth paying attention to: the US-China trade war, binding technical export corridors and anti-tax issues. dumping also has a great impact on businesses in the near future.