On June 17th, Fortune, the renowned global business magazine, released the 2025 list of the Top 500 Most Admired Companies in Southeast Asia. This is the second consecutive year that Fortune has published this prestigious list.
This year, Vietnam proudly claimed 76 spots, an increase of 6 companies from the previous year, showcasing the country’s robust economic strength and potential in the region. Notably, Tasco Joint Stock Company (Tasco JSC) made its debut on the list, securing an impressive ranking of 234th out of 500.
Tasco makes its debut in the Fortune Southest Asia 500 list
Tasco stands out as one of the fastest-growing Vietnamese enterprises, achieving a remarkable 162% revenue growth during the evaluation period. Among Vietnamese companies on the list, Tasco ranked 26th out of 76 representatives.
Another member of the Tasco family, Saigon General Service Joint Stock Company (Savico), also secured a spot on the list, ranking 269th out of 500.
The Fortune Southeast Asia 500 list for 2024 is based on financial revenue for the fiscal year 2024 and reflects the robust growth of the Southeast Asian region. This is especially significant as the region emerges as an alternative manufacturing hub to China due to tariff considerations and trade tensions.
In 2024, Tasco recorded consolidated revenue of VND 30,249 billion and consolidated after-tax profit of VND 305 billion, a remarkable increase of 441% compared to the previous year. This outstanding performance is primarily attributed to the growth in core business operations, particularly in the automotive services segment. For 2025, Tasco’s strategic focus is on vertical integration, connecting the One Tasco system and partners, and serving customers throughout the product and service lifecycle. The company aims to achieve a total revenue of VND 39,878 billion and after-tax profit of VND 571 billion, representing increases of 31.8% and 87.2%, respectively, compared to the previous year.
“GELEX Ranks Among Top 500 Largest Enterprises in Southeast Asia in 2025”
Fortune Magazine unveiled its 2025 Southeast Asia 500 rankings, and GELEX Group (HoSE: GEX) has secured a remarkable position at 217 among the top 500 companies in Southeast Asia.
What’s Happening: Vietnamese Businessman Live-Streams Real Estate Sale, Receives Over 500 Bookings
For the very first time, Nguyen Quoc Cuong, famously known as Cuong Dollar, made an appearance on a mega live session.
“A Toast to Friendship: TH true MILK’s Thousand-Ton Factory in Kaluga”
“When Russia faced economic sanctions, TH Group ventured into the Russian dairy industry. Our founder, Madam Thai Huong, firmly believes that ‘when you eat the fruit, think of the person who planted the tree.’ Investing in Russia is TH Group’s way of giving back to a nation that has supported Vietnam and fostering bilateral friendship.”
Proposed Fine of VND 100 Million for Failure to Issue Invoices or Issuing Invoices Late
to be:
Proposed Penalty of VND 100 Million for Invoicing Irregularities: Late or Missing Invoices
The Ministry of Finance has proposed amendments to Decree 125, suggesting increased penalties for failing to issue invoices or issuing them with incorrect timing. The maximum fine has been proposed to be up to VND 100 million. The draft also includes an expansion of tax officials’ authority to impose penalties and introduces a provision that waives penalties if taxpayers voluntarily rectify their mistakes before detection.
Vietnam Dragon Securities Wins Best Investment Advisory and Research Services in Vietnam 2025
Rồng Việt Securities (VDSC) has been awarded the prestigious “Best Investment Advisory and Research Services in Vietnam 2025” by Global Banking & Finance Review (GBFR). This accolade recognizes the exceptional quality and efficacy of VDSC’s analytical reports and the prowess of its research team.
