Notably, TTC AgriS, a prominent agricultural representative from Vietnam, made this list with its impressive revenue.
Fortune is renowned for its global rankings such as Fortune 500, Fortune Global 500, and Fortune Europe 500. This is the first time the leading American business magazine has created a list for Southeast Asia – Fortune 500 Southeast Asia. According to Fortune, this list comprises the 500 largest companies, representing a dynamic region that contributes approximately $4 trillion to the global GDP and is witnessing impressive growth.
This year’s ranking includes 500 businesses from the region’s powerhouse countries: Vietnam, Singapore, Thailand, Malaysia, Indonesia, Cambodia, and the Philippines. With revenue exceeding $1 billion, TTC AgriS ranks among the top 300 companies and is the leading agricultural enterprise from Vietnam on this list.
TTC AgriS continues to assert its position as a leading multinational agricultural company in the region.
In the 2022-2023 fiscal year, TTC AgriS achieved remarkable results, with net revenue surpassing the $1 billion mark for the first time, reaching VND 24,743 billion (~$1 billion), a 35% increase from the previous year, and exceeding its annual plan by 145%. For the fourth consecutive year, the company’s sugar consumption volume exceeded 1 million tons. TTC AgriS’s gross profit from sales and services amounted to VND 2,721 billion, an 18% increase compared to the previous year.
This shift in revenue structure confirms that TTC AgriS is on the right track toward a comprehensive agricultural value chain, seamlessly operating and developing a harmonious product and service ecosystem, and striving for a balanced and enhanced circular agricultural value chain.
On June 17, 2024, Forbes Vietnam officially announced that TTC AgriS has once again been recognized as one of the Top 50 Best Listed Companies in 2024. This is the seventh consecutive year that TTC AgriS has been included in this prestigious ranking. Additionally, at the Global CSR & ESG Summit and Awards 2024, TTC AgriS received a series of prestigious awards as a prominent global CSR & ESG enterprise for the second year in a row, reinforcing its position as a multinational agricultural company committed to sustainable development on a global scale.
Continuing the 55-year journey of serving and fostering sustainable development in agriculture on a global scale.
TTC AgriS is currently a multinational agricultural enterprise, leading the Vietnamese sugar industry with a 46% domestic market share and a presence in over 50 international export markets. The company also boasts the largest cross-border raw material area in the country, with a total area of over 71,000 hectares across four countries: Vietnam, Laos, Cambodia, and Australia. TTC AgriS offers a diverse range of products, including natural nutritional products, with optimized and expanding crop value chains, such as sugarcane, coconut, banana, and rice.
With the company’s strategic development orientation toward 2025 and its vision for 2030, particularly emphasizing its presence in the promising global F&B market, TTC AgriS aims to achieve a revenue target of VND 60,000 billion by 2030. This demonstrates the company’s solid capabilities as it continues to expand its customer base, conquer new consumer markets, and reinforce its position as a leading multinational agricultural enterprise in the region.
With a strategic focus on the global F&B market, TTC AgriS aims to achieve a revenue target of VND 60,000 billion by 2030.
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