Private sector makes up majority of 500 fast growing firms

The Vietnam Report Joint Stock Company (Vietnam Report) has released its FAST500 -- a list of 500 businesses achieving the fastest growth rates in Vietnam during 2007-2011, with those in the private sector accounting for up to 71.6 percent.

State-run businesses held 22.2 percent in the list.

Hanoi and Ho Chi Minh City had more than a half of FAST500 companies, with 144 and 120 businesses, respectively.

File photo for illustration

According to the report, agro-forestry and aquatic products achieved a relatively high growth rate of over 50 per cent, equivalent to the average figure recorded by businesses operating in the steel and service sectors.

The list includes companies headquartered in provinces with difficult conditions like Nghe An in the central region and Dak Lak in the Central Highlands.

By H. My, translated by Quang Tri

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