{"id":13409,"date":"2026-06-12T15:55:26","date_gmt":"2026-06-12T08:55:26","guid":{"rendered":"https:\/\/fsb.edu.vn\/?p=13409"},"modified":"2026-06-12T15:55:28","modified_gmt":"2026-06-12T08:55:28","slug":"23-vietnamese-enterprises-earn-nearly-144-billion","status":"publish","type":"post","link":"https:\/\/fsb.edu.vn\/en\/23-vietnamese-enterprises-earn-nearly-144-billion.html","title":{"rendered":"23 Vietnamese enterprises earn nearly $144 billion"},"content":{"rendered":"\n<p><strong>Although the private sector has increasingly asserted its role in the economy, the 2025 revenue picture showed that State-owned enterprises in the energy and fuel sectors still hold a dominant position.<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"465\" src=\"https:\/\/fsb.edu.vn\/wp-content\/uploads\/2026\/06\/509645_42984_pvn.jpg\" alt=\"\" class=\"wp-image-13410\" srcset=\"https:\/\/fsb.edu.vn\/wp-content\/uploads\/2026\/06\/509645_42984_pvn.jpg 620w, https:\/\/fsb.edu.vn\/wp-content\/uploads\/2026\/06\/509645_42984_pvn-768x576.jpg 768w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-center\"><em>An offshore drilling platform of Petrovietnam. Petrovietnam\u00a0topped the ranking with VN\u0110651 trillion in revenue.\u00a0\u2014 VNA\/VNS Photo<\/em><\/p>\n\n\n\n<p>Total revenue of 23 largest Vietnamese enterprises reached approximately VN\u01103.8 quadrillion (US$144.5 billion) last year, according to financial statements from the companies.<\/p>\n\n\n\n<p>Although the private sector has increasingly asserted its role in the economy, the 2025 revenue picture showed that State-owned enterprises in the energy and fuel still hold a dominant position.<\/p>\n\n\n\n<p>Four State-owned enterprises \u2013 Vietnam National Energy Corporation (Petrovietnam), Vietnam Electricity Corporation (EVN), Vietnam National Petroleum Group (Petrolimex) and Vietnam National Coal and Minerals Group (Vinacomin) \u2013 generated more than VN\u01101.74 quadrillion in revenue, equivalent to about 46 per cent of the total.<\/p>\n\n\n\n<p>PVN topped the ranking with VN\u0110651 trillion in revenue. EVN followed closely with VN\u0110646 trillion.<\/p>\n\n\n\n<p>If considering the private sector separately, Vingroup continued to hold the leading position with VN\u0110332 trillion in revenue. The figure is larger than the combined revenue of many banks on the list and many times greater than the revenue of some leading technology corporations.<\/p>\n\n\n\n<p>Following Vingroup is Viettel with VN\u0110220 trillion in revenue. The gap of over VN\u0110100 trillion between Vingroup and Viettel shows that currently, not many businesses outside the energy sector are capable of reaching a revenue threshold of over VN\u0110300 trillion.<\/p>\n\n\n\n<p>Nearly one-third of the representatives on the list (seven out of 23 businesses) are banks, Agribank, BIDV, Vietinbank, VPBank, Vietcombank, MB&nbsp;and Techcombank.<\/p>\n\n\n\n<p>The appearance of private businesses in the retail and manufacturing sectors in the list is notable.<\/p>\n\n\n\n<p>Specifically, retailer Mobile World Group (MWG) and steel producer H\u00f2a Ph\u00e1t both achieved a revenue of VN\u0110156 trillion. This revenue level is equivalent to many large State-owned banks and far exceeds most listed companies on the stock market.<\/p>\n\n\n\n<p>For MWG, the scale of revenue reflects the strength of its nationwide retail network. Meanwhile, H\u00f2a Ph\u00e1t continues to maintain its position as Vi\u1ec7t Nam&#8217;s largest private industrial manufacturing enterprise with its ecosystem encompassing steel, agriculture and real estate.<\/p>\n\n\n\n<p><em>Source: VNS<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although the private sector has increasingly asserted its role in the economy, the 2025 revenue picture showed that State-owned enterprises in the energy and fuel sectors still hold a dominant position. An offshore drilling platform of Petrovietnam. Petrovietnam\u00a0topped the ranking with VN\u0110651 trillion in revenue.\u00a0\u2014 VNA\/VNS Photo Total revenue of 23 largest Vietnamese enterprises reached &#8230;<\/p>\n","protected":false},"author":4,"featured_media":13410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[25],"tags":[],"class_list":["post-13409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vietnam-economic-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>23 Vietnamese enterprises earn nearly $144 billion - FPT Education<\/title>\n<meta name=\"description\" content=\"Although the private sector has increasingly asserted its role in the economy, the 2025 revenue picture showed that State-owned enterprises in the energy and fuel sectors still hold a dominant position.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fsb.edu.vn\/23-vietnamese-enterprises-earn-nearly-144-billion.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"23 Vietnamese enterprises earn nearly $144 billion - 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