At the workshop (Photo: VNA)
According to the assessment, the VPE500 group operates outstandingly and still maintains a good growth rate compared to domestic private enterprises in general.
The VPE500 accounts for a small proportion of the number of businesses but makes a large contribution to the operation of the domestic private enterprises.

Dr Nguyen Toan Thang, head of VIDS’s International Relations Department and member of the VPE500-2023 research team, said a majority of the VPE500 are operating in the manufacturing, processing, trade, and construction industries.

Enterprises operating in real estate, construction, commerce, garment, and food processing which were heavily hit by COVID-19 are no longer listed in this year’s VPE500.

Meanwhile, businesses in the banking and insurance sectors still maintain their positions in the rankings. They are at high rankings and see few changes in rank.

Thang said that policies for businesses in the coming time should not only facilitate businesses in entering the market but also support them to survive and grow. In particular, large enterprises should be encouraged to make more investment to improve productivity and gradually shift to in-depth growth.

The Government should have policies to promote business linkages, encouraging large enterprises, State-owned enterprises, and foreign-invested ones to form joint ventures and link with domestic small- and medium-sized enterprises.

Each locality should develop its leading private enterprises based on local advantages.