500 fastest-growing companies in 2023 announced
(VOVWORLD) - Tin Viet Finance, Dolphin Sea Air Services and VPS Securities are among the top 10 in the 500 fastest-growing companies in Vietnam (FAST500) this year, the Vietnam Report JSC and the VietNamNet e-newspaper said on Thursday.
According to a survey by Vietnam Report, the compound annual revenue growth rate of the FAST500 has improved significantly as compared with the 2017-2023 period.
Notably, the private sector took the lead with a growth rate of 2.3%, reflecting the strong recovery of the sector – the main engine of the national economy.
FAST500, launched in 2011, is based on the compound annual growth rate in terms of revenue and business performance.
Other criteria such as total asset, after-tax profit, and companies’ prestige on the media are also taken into account to identify their scale and stature in the industries they operate in.