Two Vietnamese Firms Among The Worlds Largest
May 17, 2014 By JC Collins
In keeping with our energy posts over the last few days, and the one specifically about Vietnam, I thought this one was worth adding. Ensure to read all the articles at dongtalk.com as they are very enlightening on the Vietnamese economy and its viability in the future SDR system. – JC
VietNamNet Bridge – Vietnam Gas Corporation (PetroVietnam Gas) and the Vietnam Industrial and Commercial Bank (VietinBank) are Vietnamese’s two representatives of the top 2,000 largest enterprises in the world this year.
Forbes magazine recently published the Global 2000 list, including the largest and most powerful companies in the world.
The list was compiled based on criteria relating to revenue, profits, assets and market value.
Of the two Vietnamese companies to make the list, PetroVietnam Gas is ranked 1,651st, with revenues of $3.1 billion and a market value of $7.5 billion.
VietinBank is ranked 1,854th, with $2.3 billion in revenue and $2.9 billion in market value.
For the prior two years, VietinBank was the sole representative of Vietnam in the Global 2000, with the ranks of 1,989th and 1,764th.
This year the Global 2000 has representatives from 62 countries. In total, these firms have a turnover of $38 trillion of revenue, $3 trillion of profit, $161 trillion in assets and $44 trillion of market value. The number of employees is 90 million worldwide. All figures are up from last year.
This is also the first time China owns the world’s three largest companies and has 5 representatives in the top 10. All three leading names are banks – the Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB) and the Agricultural Bank of China (ABC).
The remaining 5 spots of the top 10 are occupied by American firms, including J.P. Morgan and Berkshire Hathaway. The two European firms in the top 10 last year – Royal Dutch Shell and HSBC, did not make the top ten this year.