Samsung unit only foreign name in top 10 profitable companies in Vietnam
Samsung Electronics Vietnam Thai Nguyen (SEVT), a unit of tech giant Samsung, is the only foreign name in the list of 10 most profitable businesses in Vietnam.
The list was compiled by ranking company Vietnam Report JSC, based on 2021 data, and consulted on by reputable foreign and domestic economists.
SEVT was ranked second in the top 10, only after state-owned Petrovietnam (PVN). Others in order are steel making major Hoa Phat Group, military-run telecom giant Viettel, Vietcombank, Techcombank, state utility Vietnam Electricity (EVN), VietinBank, MBBank, and Agribank.

Samsung Electronics Vietnam Thai Nguyen in Thai Nguyen province, northern Vietnam. Photo courtesy of Samsung.
SEVT, located in the northern eponymous province, recorded profits of $234.6 million and revenues of $2.55 billion in the first half of the year, up 64.2% and down 0.87% year-on-year, respectively, according to Samsung's financial report.
Samsung entered Vietnam in 2008 and has become the biggest foreign investor in the Southeast Asian country. The Korean giant currently has six factories in Bac Ninh, Thai Nguyen and Ho Chi Minh City, an R&D center in Hanoi and a legal entity for sales.
About 60% of Samsung smartphones are made in Vietnam and the group had invested more than $20 billion as of June 2022, about 28 times higher than its initial commitment. The firm's registered investment in the country could exceed $21.5 billion this year, said CEO of Samsung Vietnam Choi Joo Ho.
Overall, the top 10 players featured five banks, two state-owned energy enterprises (PVN and EVN), one steel manufacturer, and two tech giants (Samsung and Viettel).
Together with BIDV, Vietcombank, Vietinbank and Agribank make up the "Big 4" banks. Vietcombank and Vietinbank have the state as majority shareholder while Agribank is wholly state-run.
MBBank has state-owned enterprises as major shareholders, holding an aggregate 32.42% stake, while Techcombank is one of the country's leading private banks.
The 10 most profitable domestic private companies include Hoa Phat Group, Techcombank, VPBank, Vinamilk, ACB bank, Masan Group, HDBank, VIB bank, Mobile World, and Masan Consumer.
Among the top 500 most profitable firms, both foreign-invested and domestic, real estate and construction companies led the pact with 22.2%, followed by finance and banking (13.7%) - a record high in six years, and food, drinks and tobacco (10.7%),
Regarding return on equity (ROE), in the top 500, foreign-invested enterprises maintained the leading position with ROE at 27.7% on average, followed by the domestic private sector (21.9%) and the state sector (16.5%).
About the country's econonic development this year, under Vietnam Report's survey in August, 78% of the top 500 businesses expected growth of 5-6.5%, 17.4% expected growth exceeding 6.5%, and only 4.4% expected a figure below 5%.
- Read More
Vietnam's leading property developer Novaland sets sights on strong recovery in 2025
Novaland, Vietnam's leading property developer, is setting its sights on a strong recovery in 2025, with plans to issue nearly 7,000 land-use right certificates and accelerate handovers in the fourth quarter.
Companies - Wed, April 30, 2025 | 3:12 pm GMT+7
Vietnam's private lender Eximbank aims for 23.8% growth in 2025 pre-tax profit
Eximbank, among the leading mid-sized banks in Vietnam, targets a consolidated pre-tax profit of VND5.2 trillion ($200 million), an increase of VND1 billion or 23.8% compared to 2024, marking the bank's record-high profit.
Banking - Wed, April 30, 2025 | 1:19 pm GMT+7
Japan's IHW eyes 2.5 ha, world-class hospital project in northern Vietnam
Japan's International Healthcare and Welfare Group (IHW) is keen on building a 2.5-hectare, world-class hospital in the capital city's North Hanoi Smart City area.
Industries - Wed, April 30, 2025 | 12:37 pm GMT+7
Vietnam's military-run telco giant Viettel builds one of Southeast Asia’s largest data centers
Military Industry and Telecoms Group (Viettel) has broken ground on a state-of-the-art data center in Ho Chi Minh City, set to become one of the largest in Southeast Asia and the first in Vietnam to have such a hyperscale capacity.
Industries - Wed, April 30, 2025 | 11:28 am GMT+7
Grand military parade, procession to celebrate Vietnam's 50th anniversary of National Reunification
A spectacular military parade and civilian procession took place along Le Duan Boulevard in District 1, Ho Chi Minh City on Wednesday to celebrate Vietnam's 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975 - April 30, 2025).
Politics - Wed, April 30, 2025 | 11:05 am GMT+7
Vietnam PM requests more aircraft, LNG, agi import contracts with US in May
Prime Minister Pham Minh Chinh has requested relevant Vietnamese authorities to urgently negotiate and sign contracts in May for import of goods from the U.S., such as LNG, aircraft, medicine, and agricultural products, to ensure a sustainable trade balance.
Economy - Wed, April 30, 2025 | 10:25 am GMT+7
Vietnam Party chief's address at national celebration of liberation of South and national reunification
Party General Secretary To Lam delivered an address at Vietnam's celebration of the 50th anniversary of the liberation of the South and national reunification held in Ho Chi Minh City on Wednesday April 30.
Politics - Wed, April 30, 2025 | 9:32 am GMT+7
Property heavyweight Sun Group’s affiliate to build $491 mln opera house in Hanoi
Sun City Limited Liability Company, an affiliate of Vietnam’s top real estate developer Sun Group, has received a preliminary in-principle approval from local authorities to build a VND12.75 trillion ($491 million) opera house in Hanoi.
Real Estate - Wed, April 30, 2025 | 8:00 am GMT+7
Australian scholar praises Vietnam’s remarkable 50-year transformation
In 50 years since the national reunification (April 30, 1975-2025), Vietnam has transformed from war-devastated developing country to a peacetime country that has attained lower middle-income status, said Prof Carl Thayer.
Politics - Wed, April 30, 2025 | 8:00 am GMT+7
Malaysia remains 9th largest global exporter of high-tech products
Malaysia successfully maintained its position as the ninth-largest exporter of high-tech goods out of 143 countries worldwide in 2023, the highest recognition it has achieved in the past decade, national news agency Bernama reported.
Southeast Asia - Tue, April 29, 2025 | 10:27 pm GMT+7
Swedish documentary about reunification to be screened on VTV
The documentary Victory Vietnam (Chiến Thắng Của Việt Nam), directed by Swedish filmmaker Bo Öhlén, will be screened on Vietnam Television (VTV) on April 30 - the Reunification Day.
Travel - Tue, April 29, 2025 | 8:36 pm GMT+7
Insights into Decision 768 amending Vietnam's power development plan VIII
Prime Minister Pham Minh Chinh on April 15 issued Decision 768 approving Vietnam's Amended National Power Development Plan VIII for 2021-2030, with vision to 2050. Anh Dang, a senior partner at Vilaf law firm, offers an insight into the principal amendments to PDP VIII.
Consulting - Tue, April 29, 2025 | 4:36 pm GMT+7
From loss to profit: steel maker SMC sees stock rally, avoids delisting risk
Vietnamese steel manufacturer SMC Trading Investment JSC (HoSE: SMC) has seen its stock price soar nearly 60% since early April after the company turned its 2024 loss into profit over bad debt provision reduction.
Companies - Tue, April 29, 2025 | 3:45 pm GMT+7
Dairy giant TH plans $234 mln factory in southern Vietnam
A subsidiary of Vietnam’s dairy giant TH true MILK plans to develop a VND6.07 trillion ($234 million) factory in the southern province of Binh Duong.
Companies - Tue, April 29, 2025 | 3:19 pm GMT+7
Engaging tours, activities available during five-day holiday
A long holiday is approaching and across the nation, cities and provinces have lots to offer tourists who want to travel or spend days doing activities with friends and families.
Travel - Tue, April 29, 2025 | 3:17 pm GMT+7
Int’l organizations lower Indonesia’s 2025 economic growth forecast
Several international organizations in April revised their economic growth forecasts for Indonesia, reflecting concerns over escalating global trade tensions and domestic fiscal challenges.
Southeast Asia - Tue, April 29, 2025 | 2:30 pm GMT+7