Business

Viettel listed among ten most profitable companies in Vietnam

2019-11-10 11:30:00
The Military Industry-Telecoms Group Viettel was among ten most profitable companies in Vietnam in 2019, according to Profit500 list (the list of 500 Vietnamese companies with highest profits) announced by the Vietnam Report Joint Stock Company (Vietnam Report).

Accordingly, Viettel’s pre-tax profit reached more than VND 37 trillion, accounting for 70% of total profits of the industry. In the first nine months of this year, the group’s revenue was VND 60.1 trillion, a 6.8% increase in comparison with the same period last year. 

With the achievements, the military business has been on the list for three consecutive years


Photo: qdnd.vn

The Profit500 ranking has been objectively built based on the criteria for profitability ratios, including Return on assets (ROA), Return on equity (ROE), and Rate of return (ROR). It is aslo based on other criteria, including pre-tax profits, revenues, and prestige of companies.

Accordingly to the Vietnam Report, those businesses demonstrated their impressive probability and their potential to become major supports of Vietnam’s economy. Also, they contributed greatly to popularizing Vietnamese brands across domestic and international markets.  

According to the report of the General Department of Taxation under the Ministry of Finance, Viettel has been among the biggest tax payers in Vietnam. The military business has frequently been honored by the Prime Minister for its contributions over the past years.

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