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Top 10 largest companies in Vietnam 2019

Top 10 largest companies in Vietnam 2019

Saturday 10, 04 2021
Top 10 largest companies in Vietnam were selected by VietnamCredit based on their size, credit ratings, and business performance in 2018, 2017 and 2016.

Top 10 largest companies in Vietnam

1. SAMSUNG ELECTRONICS VIETNAM COMPANY LIMITED

In 2017, the sales of Samsung Electronics Vietnam Company Limited reached USD 58 billion, and this figure was USD 65.7 billion in 2018, accounting for 28% of Vietnam’s GDP. This business has maintained the No. 1 position in the list of the largest companies in Vietnam.
Samsung employs more than 100,000 people. It has helped Vietnam become the second largest exporter of smartphones in the world, following China.

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2. VIETNAM ELECTRICITY

Vietnam Electricity (EVN) is a premium state-owned enterprise in Vietnam. Before September 2006, this group was known as Vietnam Electricity Corporation, a state-owned corporation managed by the central government.
EVN core business activities are production, transmission and import-export of electricity. The Group also builds power generation plants, electricity distribution grid systems to households, manages the national grid, and exports and imports electricity to and from neighboring countries such as China and Laos.

3. BINH SON REFINING AND PETROCHEMICAL JOINT STOCK COMPANY

Binh Son Refining and Petrochemical Joint Stock Company (BSR) is a member unit of the Vietnam Oil and Gas Group assigned to manage and operate Dung Quat oil refinery. It plays a leading role in and sets the foundation for the development of the petrochemical industry in Vietnam. 

Dung Quat Oil Refinery Plant is a national key project with a total investment of over USD 3 billion. Its processing capacity is 6.5 million tons of crude oil per year. 

4. MOBILE WORLD JOINT STOCK COMPANY

Formerly known as Mobile World Co., Ltd. founded in 2004, Mobile World Joint Stock Company (MWG) was established on January 16, 2009. The company is the biggest retailer in Vietnam by size, revenue and profit.
MWG is holding a 45% mobile phone market share and s 35% electronics market share in Vietnam with 1,800 stores around Vietnam.

5. DOJI GOLD & GEMS GROUP JOINT STOCK COMPANY

Doji Gold & Gems Group Joint Stock Company, formerly known as TTD Trading and Technology Development Company, was established on July 28, 1994. In the 90s, TTD Company was the pioneer enterprise specializing in gem mining, cutting, grinding and exporting gemstones to the international market.

In 2007, TTD Company officially changed its name to Doji Gold & Gems Group Joint Stock Company.

6. VIETTEL GROUP

Viettel Group was established under Decision 2079/2009/QD-TTg signed on December 14, 2009 by the Prime Minister. It is a 100% state-owned economic and defense enterprise with charter capital of VND 121,520 billion.
Viettel is the largest telecommunication and information technology group in Vietnam, and is considered one of the fastest growing telecommunications companies in the world. Currently, Viettel is investing in 7 countries in 3 continents including Asia, America, and Africa.

7. NGHI SON REFINERY AND PETROCHEMICAL LIMITED LIABILITY COMPANY

Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) was established by investors including Vietnam Oil and Gas Group (25.1%), Kuwait Petroleum International Company (KPI) (35.1%), Idemitsu Kosan Company (IKC) (35.1%) and Mitsui Chemical Company (MCI) (4.7%) under the Joint Venture Contract signed on April 7, 2008. Nghi Son Refining and Petrochemical Co., Ltd is the investor of the Nghi Son Petrochemical Complex project.

8. LG ELECTRONICS VIETNAM HAI PHONG CO., LTD

LG Electronics Vietnam Hai Phong (LGEVH) is a company with 100% capital from Korea. In September 2013, the company was established with an investment capital of USD 1.5 billion. It is located at Lot CN2, Trang Due Industrial Park, Le Loi Commune, An Duong District, Hai Phong City, Vietnam. LG Electronics Vietnam Hai Phong’s products such as vacuum cleaners, washing machines, mobile phones and in-car audio-visual equipment are exported to 45 markets around the world.

9. VIETNAM AIRLINES JSC

Vietnam Airlines JSC was established on May 27, 1995 on the basis of combining 20 enterprises operating in the aviation service business, taking Vietnam Airlines as the core.
Despite the fierce competition in the aviation market, in 2018, the revenue of Vietnam Airlines Corporation (Vietnam Airlines) was over VND 100,000 billion, and its profit before tax was VND 2,012 billion.

10. FORMOSA HA TINH STEEL CORPORATION

Formosa Ha Tinh Steel Corporation is the investor of the Integrated Steel Complex and Son Duong Formosa Vung Ang Ha Tinh port. The registered investment capital of the project in phase 1 is USD 10.548 billion.
According to the Management Board of the Economic Zones in Ha Tinh, there are 24,000 employees from 31 countries and territories working in this plant. Its revenue in 2018 was USD 2.77 billion.

Source: VietnamCredit

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