State owned enterprises continue to dominate the top ten list of Vietnam's 500 largest firms (VNR 500).

State-owned enterprises continue to dominate in the list of top ten Vietnam’s largest companies

According to the Vietnam Report Joint Stock Company, apart from state-owned enterprises, Samsung Electronics Vietnam was named among the top five largest companies in Vietnam this year.

The number of private firms in the list increased remarkably to 225 this year, up from 103 in 2007.

Despite a fall in the quantity, revenue of state-owned enterprises still accounted for over 63% in the VNR 500 list this year.

Hanoi and HCM City remained in the lead with over 57% of the companies named on this year’s list.

The survey found that as many as 50% of bank leaders on this year’s list admitted that they had faced more difficulties than last year.

Almost all banking officials said their bank business results were worse than last year. Up to 60% of steel and construction enterprises shared the same opinion.

This year Vietnam Report also announced a list of Vietnam’s 500 largest private enterprises with minimum revenue of over VND660 billion (USD31.63 million).

The list included the Doji Gold and Gems Group, FPT and the Asia Commercial Bank (ACB).

Concerning the economic prospects for next year, most businesses said that it would be hard for the economy to recover in 2013.

Vietnam’s ten biggest enterprises in 2012:

- Vietnam National Oil and Gas Group (PetroVietnam)

- Vietnam National Petroleum Corporation (Petrolimex)

- Vietnam Posts and Telecommunications Group (VNPT)

- Samsung Electronics Vietnam Limited Company

- Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro)

- Military-run Telecom Group (Viettel)

- Saigon Jewellery Limited Company (SJC)

- The Electricity of Vietnam Group (EVN)

- Vietnam National Coal-Mineral Industries Group (Vinacomin)

- Vietnam Bank for Agriculture and Rural Development (Agribank)