The top 10 most profitable enterprises in the Profit500 Ranking 2019 include 4 State-owned enterprises, 4 private sector enterprises and 2 FDI enterprises. Petrovietnam tops the ranking and is followed by Samsung Electronics Thai Nguyen Co., Ltd., Military Industry and Telecoms Group (Viettel); Joint Stock Commercial Bank for Foreign Trade of Vietnam; Honda Vietnam Company, PV GAS; ... According to Vietnam Report, these are the top Vietnamese businesses in terms of profitability, good profitability and are also potential to become pillars for the development of Vietnam's economy. 

Petrovietnam continues holding the first position in the Ranking

The top 10 of Profit500 Ranking this year has the appearance of 9/10 previous faces. Techcombank, after one year of accelerating profits, has entered the Top 10 list for the first time this year. Meanwhile, VietinBank steps out of Top 10 and ranks Top 20 only. 

By sector, leading in terms of the number of enterprises among the 500 most profitable enterprises are construction, building materials, real estate (23.9%), food and beverage (11%), finance (10.8%), power (8.6%). These sectors are overwhelming compared to the rest. 
In terms of profitability, return on assets (ROA) of Profit500 businesses is about 11.9%, which tends to increase slightly from 11% in the 2018 Ranking. It shows that efficiency of using assets of Profit500 enterprises has been improved in recent years. 

The top 10 most profitable enterprises in the Profit500 Ranking 2019

Return on equity (ROE) of Profit500 enterprises this year also increased to 20.9% (compared to 19% in 2018), showing that efficiency of using capital of Profit500 enterprises tends to be better (higher than the international standard – normally businesses with ROE ≥ 15% are rated as good businesses). 

Recently, Fitch Ratings has announced the results of rating Petrovietnam’s independent credit at bb +; long-term foreign currency issuer default rating (IDR) for the first time at “BB” level with “Positive outlook”. This IDR rating of Petrovietnam corresponds to the national credit rating of Vietnam (BB/ Positive outlook).