This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.

According to Fortune, Vingroup ranks first among private enterprises in Vietnam. The group earned high marks not only for its asset scale but also for its business performance and financial efficiency. In 2024, Vingroup posted US$7.5 billion in revenue and US$475.1 million in profit, representing year-on-year increases of 11.4% and 450.5%, respectively. Its total assets reached US$32.8 billion.

Vingroup operates across a wide range of sectors, from industry and technology, trade and services, and social charity to infrastructure and energy. Its technology ecosystem was further strengthened in 2024 with the launch of VinRobotics and VinMotion, while its innovation funds VinIF and VinVentures continued to support scientists and startups across the country.

In the commercial services segment, brands such as Vinhomes, Vincom, and Vinpearl continued to expand. Vinhomes’ integrated urban developments, featuring comprehensive planning, green spaces, and modern amenities, have contributed to shaping contemporary lifestyles in Vietnam.

Regarding the social services sector, Vinschool, VinUni, and Vinmec also saw continued growth in both scale and quality, making significant contributions to the country’s education and healthcare systems.

This year, Vingroup plans to expand into energy and infrastructure, aiming to help drive economic growth and improve quality of life nationwide.

A company representative said that strong corporate governance, along with the application of smart technologies across all operations, will be key to achieving the group’s growth targets, reinforcing its position as a pioneer in green transformation and promoting sustainable development in Vietnam and Southeast Asia at large.

Three subsidiaries of Viettel enter Fortune Southeast Asia 500 list

Three member companies of the Viettel Military Industry and Telecoms Group (Viettel) have been named among the 500 biggest enterprises in Southeast Asia (Fortune Southeast Asia 500) by Fortune – an American global business magazine.