Fortune has unveiled its latest Southeast Asia 500 list, placing Vingroup at an impressive 37th spot, an 8-place leap from its position in 2024.
This upward climb not only reflects the company’s accelerating momentum but also reaffirms its stature as Vietnam’s foremost private enterprise.
This marks the second consecutive year Fortune has compiled the Southeast Asia 500. The ranking evaluates companies based on total revenue and key financial metrics, encompassing businesses from seven regional economies: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Vingroup has climbed significantly in Fortune’s latest ranking of Southeast Asia’s 500 largest companies. The Company now holds the 37th position, an eight-place improvement from its 2024 standing. This ascent solidifies Vingroup’s continued leadership among Vietnam’s private enterprises.
According to Fortune’s editorial team, the Southeast Asia 500 offers a glimpse into a region poised for growth. The publication highlighted companies “ready to break through, fully leveraging global supply chain shifts and the surge in cutting-edge industries like mining, EVs, and AI.” The editorial team further emphasized the growing global importance of these companies, noting, “Together, the Southeast Asia 500 companies are playing an increasingly vital role in global supply chains – capturing manufacturing capacity shifting from China, which is drawing significant capital flows and reshaping global trade dynamics.”
Beyond asset size, Vingroup is highly regarded for its financial indicators and business performance. Fortune reported Vingroup’s revenue at $7,547.8 million, alongside a profit of $475.1 million. These figures represent significant increases of 11.4 percent and 450.5 percent, respectively, compared to the previous year’s reported numbers. The conglomerate’s total assets reached $32,827.3 million.
Vingroup’s diversified operations span across various sectors, including Industrials & Technology, Real Estate & Services, Social Enterprises, Infrastructure and Energy. A key highlight is VinFast, its pure-electric vehicle brand, which successfully listed its shares on Nasdaq in the United States. VinFast has quickly ascended to the top position in Vietnam’s domestic automotive market and has established a firm presence in strategic international markets like North America and Europe.
The Company is also actively expanding into emerging markets such as India, Indonesia, and the Philippines, underpinned by a comprehensive green ecosystem.
In 2024, Vingroup’s technology ecosystem continued its dynamic growth. This included the establishment of VinRobotics and VinMotion. Technology investment funds like VinIF and VinVentures also continued to strongly support scientists and startup projects.
In the Real Estate & Services pillar, brands such as Vinhomes, Vincom, and Vinpearl continue to lead the Vietnamese market. They excel in product quality, service, and customer experience.
Under the Social Enterprises pillar, Vinschool, VinUni, and Vinmec continue to invest in expanding scale and enhancing quality. These initiatives are making substantial contributions to the advancement of Vietnam’s education and healthcare sectors, striving to improve the quality of life for its citizens.
Looking ahead to 2025, Vingroup has announced strategic expansion into two additional core areas: Infrastructure and Energy. This move is expected to further stimulate economic growth and enhance the well-being of the population. The Company projects that its strong governance framework and the integration of smart technology across all operations will enable it to achieve its ambitious growth targets, reinforcing its leadership in promoting green transformation for the sustainable development of Vietnam and the broader region.
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About Vingroup
Established in 1993, Vingroup is one of the leading private conglomerates in the region and currently focuses on three main areas: Industrials & Technology, Real Estate & Services, Social Enterprises. Find out more at: https://www.vingroup.net/en
About VinFast
VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, e-bikes, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across Asia, North America and Europe. Learn more at www.vinfastauto.us