Top 10 largest corporations and enterprises in Vietnam in 2024

In the era of robust economic development, Vietnam has witnessed the rise of numerous large corporations and enterprises, becoming notable names on the business map both regionally and globally. These big companies in Vietnam not only generate employment and income for millions of people but also make significant contributions to the growth and sustainable development of the Vietnamese economy.

1. Samsung Electronics Vietnam Thai Nguyen Co., Ltd

Samsung Electronics Vietnam Thai Nguyen Co., Ltd. (abbreviated as SEVT) is a subsidiary of Samsung Vietnam Corporation. The company was officially established in 2013 with an initial total investment of $5 billion. The SEVT factory is built on an expansive area of 100 hectares and is recognized as Samsung’s largest electronics manufacturing facility worldwide. As of now, SEVT serves as Samsung’s “key” factory, specializing in the production of essential components and supplying them to manufacturing plants globally.

Since its inception, SEVT has consistently achieved impressive results, consistently ranking as the highest revenue-generating entity and making significant contributions to Vietnam’s export turnover for many consecutive years. In 2023, SEVT continued to lead the VNR500 ranking (Top 500 Enterprises in Vietnam) with a total revenue of $146.9 billion for the first nine months of the year. To date, SEVT proudly stands as the highest-producing factory within the Samsung Group, providing employment for over 65,000 workers and contributing hundreds of trillions of VND to the state budget.

Basic information about Samsung Electronics Vietnam Thai Nguyen Co., Ltd.:

2. Vietnam National Oil and Gas Group – Petrovietnam

The Vietnam National Oil and Gas Group, known as Petrovietnam (PVN), is a state-owned economic corporation under the Government of Vietnam, established on September 9, 1977 (formerly the Vietnam Oil and Gas General Department). PVN is responsible for managing and implementing all activities related to the country’s oil and gas resources. With over 45 years of formation and development, Petrovietnam has continuously grown and made significant contributions to the socio-economic development of the nation. It is one of the major corporations in Vietnam, with a market capitalization reaching up to $100 billion.

Currently, the Petrovietnam Group employs nearly 60,000 members with high professional expertise, a disciplined spirit and continuous creativity. This workforce contributes to the development of a synchronized, closed, professional oil and gas industrial system for the nation. The organizational structure of Petrovietnam consists of the parent company, Vietnam Oil and Gas Group, 51 subsidiaries, operating in five main sectors:

• Oil and gas exploration and production
• Gas industry
• Oil and gas processing
• Power and renewable energy industry
• High-quality oil and gas technical services

Basic information about Petrovietnam Group:

3. Vietnam Petroleum Group – Petrolimex

Vietnam Petroleum Group (Petrolimex – PLX) was established on December 1, 2011 (formerly Vietnam Petroleum Corporation) according to Decision 828/QD-TTg of the Government. This is the largest corporation in Vietnam operating in the petroleum business with a market share of about 60% and is known for its key role in the domestic petroleum market. Up to now, Petrolimex has built a nationwide distribution network with more than 5,500 gasoline stations, 15 major petroleum depots, 2 oil refineries, 1 petrochemical plant, 1 gas production plant. liquefaction,…

The main business areas of PLX Group include: import-export and petroleum trading; providing petrochemical products, equipment and supplies to serve the petroleum industry and other industries; Petroleum transportation business and oil port warehouse. Besides, this group also created many important marks in many fields such as real estate, mechanics, automation, tourism, insurance, etc. Currently, Petrolimex group not only maintains position in the Vietnamese market but also expanded to many foreign markets such as Singapore, Laos and Cambodia.

Basic information about Petrolimex Group:

4. Binh Son Refining and Petrochemical Joint Stock Company

Binh Son Refining and Petrochemical Joint Stock Company (abbreviated as BSR) is one of the member units of Vietnam Oil and Gas Group. The enterprise was established on June 9, 2008 under Decision No. 1018/QD-DKVN of Petrovietnam Group, operating mainly in the petroleum sector. After more than 15 years of establishment and development, BSR has become a pioneer enterprise in Vietnam’s petrochemical industry, making an important contribution to ensuring national energy security.

With a petrochemical refining capacity of 13 million tons/year, BSR company can meet about 35% of the demand of the domestic petroleum market. In addition, this is also known as the largest petroleum and petrochemical export enterprise in Vietnam. Since its establishment, BSR has built a team of more than 1,500 employees with high professional qualifications, becoming a quality human resource for Vietnam’s oil and gas industry. Thanks to that, it makes many significant contributions, promoting the socio-economic development of Quang Ngai province in particular and the country in general.

Basic information about Binh Son Refining and Petrochemical Joint Stock Company:

5. Viettel – Military Telecommunications Industry Group

Military Telecommunications Industry Group – Viettel is a 100% state-owned enterprise, established on June 1, 1989. Currently, Viettel is the largest telecommunications service provider in Vietnam, specializing in providing mobile and fixed telecommunications services, Internet, television, etc. Not only in the domestic market, Viettel Group is also reaching out to the world market by expanding its investment scale to many countries in Asia, America and Africa.

Viettel’s main and outstanding business areas include:

• Telecommunications and information technology services;
• Research, production and sales of electronic and telecommunications equipment
• Cyber security industry
• Digital service
• Defense industry

After 35 years of construction and development, Viettel has become one of the largest corporations in Vietnam, contributing significantly to the country’s development. Some outstanding achievements that Viettel achieved include: The largest Telecommunications and Information Technology Group in Vietnam; Top 15 global telecommunications companies in terms of number of subscribers, Top 30 most valuable telecommunications brands in the world,…

Below is basic information about Viettel Group:

6. Vietnam Bank for Agriculture and Rural Development (Agribank)

Vietnam Bank for Agriculture and Rural Development (Agribank) was established on March 26, 1988 under Decree No. 53-HDBT of the Government. This is one of the leading commercial banks in Vietnam, playing an important role in stabilizing the macroeconomy, controlling inflation and ensuring national social security. In 2023, Agribank continues to be in the top 10 largest companies in Vietnam (based on the VNR500 ranking) and holds the leading position in the national commercial banking system.

Agribank is a pioneer in implementing modern banking products and services while promoting programs to support rural development. After more than 35 years of operation and development, Agribank has built a network of nearly 2,300 branches and transaction offices across all provinces and cities.

Below is basic information about Agribank:

7. Vinacomin Coal and Mineral Industry Group

The next name in the top 10 largest corporations in Vietnam is Vinacomin Coal and Mineral Industry Group (abbreviated as TKV). This is a Vietnamese national industrial corporation, mainly operating in the field of coal and mineral exploitation. After 19 years of formation and development, Vinacomin has become a large enterprise in Vietnam with operations in 43 provinces and cities nationwide, creating jobs for more than 97,000 workers. Up to now, Vinacomin is the largest coal production enterprise in Vietnam with a total mining capacity of up to 47 – 50 million tons/year.

Below is basic information about Vinacomin Group:

8. Hoa Phat Group

Hoa Phat Group is one of the largest business companies in Vietnam, established on August 1, 1992. Currently, Hoa Phat is focusing on 5 main areas, including:

• Iron and steel (construction steel, hot rolled steel)
• Steel production (steel pipes, prestressed steel, drawn steel, galvanized steel)
• Agriculture (livestock and animal feed production)
• Real estate (housing, industrial park)
• Household electrical appliances (machinery and equipment, refrigeration, furniture)

In particular, steel production is the main field of activity, accounting for 90% of the group’s revenue and profit. Hoa Phat not only leads in steel production in Vietnam but is also known as the largest steel production enterprise in Southeast Asia.

Below is basic information about Hoa Phat Group:

9. Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)

Established on April 26, 1957, Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is known as the bank with the longest history in Vietnam’s credit institution system. BIDV shares (BID) being listed on the Ho Chi Minh City Stock Exchange has created an official milestone for BIDV in transforming into a public bank.

Up to now, BIDV Bank owns a wide network of operations across provinces and cities across the country. Accordingly, the domestic market has up to 190 branches, 871 transaction offices and 57,825 ATMs and POS machines. Besides, there are many branches and representative offices in countries such as Laos, Cambodia, Myanmar, Taiwan, Czechia, Russia,…

Basic information about BIDV Bank:

10. Vingroup – one of the largest corporations in Vietnam

When talking about the top famous businesses in Vietnam, it is impossible not to mention Vingroup. This is a multi-industry corporation, established on August 8, 1993 with the predecessor of Technocom (Ukraine) company founded by a group of Vietnamese international students. By 2002, Technocom returned to Vietnam and operated under the name Vingroup. Up to now, Vingroup is one of the major companies in Vietnam that has created a great reputation not only in the domestic market but also in the international market.

Vingroup operates in many fields including real estate, tourism, trade – services, technology, education, healthcare. In particular, tourism and real estate are two fields that play a key role in the development of this group. Some famous brands from Vingroup include: Vinhomes, Vinfast, Vinpearl, Vinschool, Vinmec, VinEco, VinFa, Vsmart,… According to data in the first 9 months of 2023, Vingroup achieved record revenue in Operating history with 47,948 billion VND (up 66.5% over the same period last year).

Basic information about Vingroup corporation:

Above are the top 10 largest enterprises in Vietnam, not only contributing to the country’s socio-economic development but also bringing Vietnam to the level of international integration. Hopefully in the future, these big companies in Vietnam will increasingly increase and have many new steps, contributing to changing the face of the country.

Bui Duc Huy

Editor and content team manager at Maison Office.

With over 5 years of experience in consulting and extensive content editing in the real estate services and interior design field. Sharing valuable information with customers, partners, and attracting millions of views.