Vietnam Report and VietNamNet newspaper on August 3 held a ceremony to announce the top 50 prestigious and effective businesses and the top 10 prestigious companies in banking – insurance – technology in 2022. 

This is the second year in a row that Vietnam Report joined with VietNamNet to organize VIX50. This year’s ranking recognizes public companies’ superiority in terms of financial strength, communication, growth potentials, level of development, quality of management and solid positions in their industries.

At the event, the organizing board honored the top 10 prestigious businesses in the fields of banking, insurance and technology. The banking system has played an important role in Vietnam’s economic recovery. More than 77 percent of clients said commercial banks have maintained a high level of service quality and 58.9 percent said banks have adjusted their products and services to adapt to the new circumstances created by the pandemic.

Health insurance has seen business faster growth than other fields in recent years and grew sharply during the pandemic period. A report found that in the first five months of 2022, in the non-life insurance sector, health insurance was No 1 in revenue, estimated at VND8.512 trillion, accounting for 30.9 percent, and increasing by 20.4 percent compared with the same period last year.

Meanwhile, information and communications technology is expected to see strong growth in the last months of the year thanks to ongoing digital transformation. 

Nguyen Anh Tuan, CEO of Boston Global Forum, said Vietnam Report works in an independent and objective manner when collecting data and ranking businesses. 

Citing the VIX50 report, VietNamNet’s Editor in Chief Pham Anh Tuan commented that the results show businesses’ great efforts and the government’s reasonable macro economic management policies.

The Vietnamese stock market is  an effective channel for businesses to mobilize capital and an attractive investment channel for investors.

The VIX50 report cites big businesses in their respective fields, such as Vinhomes (real estate), Hoa Phat Group (steel manufacturing), Masan Group (consumer goods), VIBBank, Vietcombank, Duc Giang Chemicals, Techcombank, MBBank and ACB.

Vietnam Report CEO Vu Dang Vinh, said that in addition to VNR500, which honors the top 500 biggest businesses in Vietnam annually for the last 15 years, Vietnam Report provides a list of 500 businesses with the highest profits and the 500 fastest-growing businesses.

Tran Chung