On October 26, 2023, in Hanoi, Vietnam Report in collaboration with VietNamNet e-newspaper officially held a ceremony to announce the Top 500 Most Profitable businesses in Vietnam (PROFIT500) in 2023 – to honor businesses with the ability of generating high profits, have the potential to become mainstay for the development of the Vietnamese economy, and at the same time introducing Vietnamese brands to the domestic and international businesses community.
Vietnam Maritime Corporation (VIMC) continues ranked in Top 100 most profitable businesses in Vietnam this year with a ranking of 59/500. In addition to the main corporation, member companies of VIMC, including Saigon Port, Da Nang Port, and Hai Phong Port also entered the Top 500 in this prestigious ranking.
In the context of deceleration in global economic growth, Vietnam’s economy is also affected. By the end of the first 9 months of 2023, VIMC recorded revenue of 13,605 billion VND and profit of 2,063 billion VND. This result once again confirms VIMC’s performance over the previous years, showing its efforts to overcome difficulties and challenges, maintain stable developed production and business activities, make positive contributions towards the development of Vietnam’s maritime industry and the country’s economy.
Over many years of construction and development, Vietnam Report’s research is completed with scientific and transparent methodology. Specifically, the PROFIT500 ranking is evaluated according to the weighted scoring method with the main pillars being profit before tax, revenue, indicators reflecting profitability (ROA, ROE, ROR), and a Other reference indicators such as media reputation, labor size, and so on.
In a situation where the global economy is facing with many risks and unpredictable fluctuations, the meaning of finding businesses that operate efficiently, profitably, and with a good reputation is increasingly acknowledged by the business community, investors, and the general public. The announcement ceremony of the Top 500 Most Profitable Enterprises in Vietnam is not only an opportunity for business representatives to gather to exchange and sharing, but also an important launching pad to help brands reach further, step forward steadily and develop in the new era.