For the second consecutive year, Fortune magazine has released its ranking of the top 500 largest enterprises in Southeast Asia. This prestigious list recognizes businesses from seven countries in the region, including Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia, based on their total revenue and financial performance.
Vingroup, a prominent Vietnamese conglomerate, has secured the top spot among private enterprises in Vietnam and ranked 37th in the Southeast Asia 500 ranking. This marks a significant improvement from their ranking in 2024, where they placed 45th, showcasing their continued growth and dominance in the region.
The Southeast Asia 500 ranking this year celebrates enterprises that embrace innovation and agility, capitalizing on the shifts in global supply chains and the boom in cutting-edge industries such as electric vehicles (EV) and artificial intelligence.
Beyond its impressive asset scale, Vingroup excels in financial metrics and operational efficiency. According to Fortune’s records, Vingroup achieved a remarkable financial performance in 2024, with a revenue of 7,547.8 million USD and a profit of 475.1 million USD, reflecting a significant surge of 11.4% and 450.5%, respectively, compared to the previous year’s ranking. The group’s total assets stand at an impressive 32.8 billion USD.
Vingroup’s diverse business portfolio spans industries such as Industry-Technology, Trade-Services, Social Philanthropy, Infrastructure, and Energy. Notably, their electric vehicle brand, VinFast, has successfully listed on the NASDAQ stock exchange in the US. VinFast has established itself as a leader in the domestic automotive market and is making strides in key markets like North America and Europe. The company is also expanding its presence in potential markets such as India, Indonesia, and the Philippines, offering a comprehensive green ecosystem.
In 2024, Vingroup’s technology ecosystem witnessed dynamic growth with the establishment of VinRobotics and VinMotion. Their technology investment funds, VinIF and VinVentures, continue to strongly support scientists and startup projects, fostering innovation and entrepreneurship.
In the Trade-Services sector, brands such as Vinhomes, Vincom, and Vinpearl maintain their market leadership in Vietnam, renowned for their superior product quality, exceptional services, and unparalleled customer experiences.
Vingroup’s Social Philanthropy pillar, comprising Vinschool, VinUni, and Vinmec, remains committed to investing in expansion and enhancing the quality of education and healthcare in Vietnam, positively impacting the lives of its people.
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