The announcement ceremony 500 fastest growing companies in Vietnam in 2016

Charts FAST500 is built on the principle of objectivity and independence, scientific and complies with current international standards. Ranking of companies in the rankings are sorted based on the dual criteria of growth (CAGR) in revenue in the period 2011 to 2014. In addition, criteria such as total assets, total labor, profit after tax, the indicators ROA, ROE, reputable businesses in the media ... is also used in the ratings process as additional factors to assess the size and position of the business.

FAST500 rankings are published periodically since 2011. Through 6 years of publication, the rankings are detailed sketch painting tiettung mature way of "rising star" of the economy. To put your name in the rankings FAST500, business growth was struggling to pull yourself up, confirming the creativity and flexibility variable in the business, which contributed significantly to the overall development of the country's economy.

Outside the Top 500 enterprises fastest growing Vietnam, Vietnam Report also announced the Top 500 enterprises of small and medium (SMEs), the fastest growing Vietnam in 2016 for the purpose of noting the positive contribution of the business sector now outnumber current.

Top 10 List of Charts FAST500 2016:

List 1: Ranking FAST500 - TOP 500 fastest growing companies in Vietnam

CAGR growth rate of 500 per Top 10 fastest growing companies in Vietnam 2016: 127.5%

List 2: Ranking FAST500 - TOP 500 small and medium enterprises fastest growing Vietnam

CAGR growth rate of 500 per Top 10 small and medium enterprises fastest growing Vietnam 2016: 133.1%

Details FAST500 2016 rankings are posted on the website: www.fast500.vn

During the construction process Chart FAST500, Vietnam Report also surveyed businesses FAST500 since first announced in 2011 to date on the status of operations and business of the enterprise in 2015 and prospects for growth in 2016. basically, these statistics show that Vietnam's enterprises on the growth and availability of global economic integration.

Doan2011 period - 2014: Enterprise has made progress in growth

If during the period 2010 - 2013, the revenue growth rate double the average CAGR of the Top 500 fastest growing companies in Vietnam (enterprise growth FAST500) was only 31.1%, which was identified as the period of tough but gradually stabilized, the phase 2011 - 2014, growth barriers were eliminated, the growth rate CAGR of businesses FAST500 inched up 34% mark. This is a good sign to see the Vietnam enterprises have completely escaped the impact of the economic crisis and gradually regain its growth, is expected to achieve higher growth in the next stage next.

In terms of the type of enterprise, the balance is gradually being created when the gap growth of the business sector: FDI, Privatization and State has been shortened. Privatization blocks still leading the growth, however, the average CAGR dropped 35.7%. Datang FDI maintain good growth, reaching 34.1%. State blocks more than 28% growth for've found to be the performance of his massive brother is improving despite slower than other economic sectors.

Figure 1: The average CAGR in the form of charts now FAST500 2016 (trading period from 2011 to 2014) and 2015 (the period the business from 2010 to 2013).

Source: Vietnam Report

2015: Enterprise maintained good growth momentum

According to statistics from the survey represent businesses FAST500 of Vietnam Report past business results of most of the business in 2015 reflected two criteria: revenue and profit after thuetang higher than 2014. This is the clearest evidence shows that businesses exited recession bottomed and preparing to enter a new growth phase.

Figure 2: Change in Revenue and Profit of Enterprises in 2015 compared to 2014

Source: Survey of Business by Vietnam Report 1/2016 done months (n = 280; V1000 + VNR 500 + FAST500)

Activities contributed the most to the growth in the period 2012 - 2015laviec enterprises constantly introduce and launch of new product lines as well as focus on expanding its business into segments (methods this project has been selected by more than 50% of enterprise feedback). Next, recruiting skilled labor with competitive costs and improved infrastructure as well as 2 of the top 5 factors that are most appreciated at a rate of respectively 49.2 choice % and 40.7%.

Figure 3: Factors contributing to the growth of enterprises in the period 2012-2015

Source: Survey of Business by Vietnam Report 1/2016 done months (n = 280; V1000 + VNR 500 + FAST500)

2016: Enterprise selected growth strategy adventure in the context of integration TPP

These business results flourishes achieved in both a long way from 2011 to 2015 combined with economic forecasting positive in 2016, and particularly the prospects for implementation of the commitment to integration TPP and AEC International, is the basis of reliable increases confidence and business growth expectations of Vietnamese enterprises. Over 76% of companies surveyed expected to continue to expand the business to take advantage of new growth opportunities, 22.1% of enterprises will continue to maintain business operations as the previous year , while only 1.6% of companies intend to scale down their business. This is the inevitable trend of development in the context of the economy is beginning a new growth phase.

Figure 4: Plan of business expected in 2016

Source: Survey of Business by Vietnam Report 1/2016 done months (n = 280; V1000 + VNR 500 + FAST500)

In particular, three main priorities that businesses participated in the survey mainly focused toward including revenue growth, profit; cut costs and continue to introduce products / services, the rate is 89.8 choice% respectively; 64.4% and 59.3%.

Figure 5: The three main priorities in business strategies in 2016

Source: Survey of Business by Vietnam Report 1/2016 done months (n = 280; V1000 + VNR 500 + FAST500)

Besides, the Agreement Trans-Pacific Partnership (TPP) has been signed and will come into effect from 2018 opens up new opportunities for Vietnam's economy in the coming period. Invested in more, trade more favorable tariff barriers are gradually removed, fair competition and information transparency ... are weak tothuan interests promote the development of enterprises, especially small and medium enterprises. However, it should be noted that there has been many businesses as find opportunities to increase truongthivoi and investments, increased working capital, expanding the market ... while unexpected difficulties ahead, leading to debt, lose hole, even on the brink of breaking san.Vi so, to avoid trapping "hot growth", enterprises should consciously chose FAST500rat plan appropriate activities, improve productivity, improve quality product,

Figure 6: Surveys of the willingness of the business prior to the TPP was signed

Source: Survey of Business by Vietnam Report 1/2016 done months (n = 280; V1000 + VNR 500 + FAST500)

Can see, 2016 was a very important moment is seen as the launch pad for business growth in Vietnam. And of course, with the same capacity inherent agility, business acumen, enterprises can fully take the high and beyond the international arena. Small and medium enterprises in particular will have the opportunity to grow further, become excellent business prospects in the coming time. Meanwhile playground of large enterprises will become more active by the emergence of businesses not only strong but also fast and responsive.

Policy Recommendations: Enterprises require tax reduction and reform of administrative procedures

Survey veky expectations of business in the next stage shows, viectiep continuously adjusted PIT rate to support better business solution duoccac now the most anticipated in the near future with more than 80 % FAST500 business representatives participated in the survey agreed option. Besides, continuing to promote the reform of administrative procedures and reduce credit interest rates are also exported nhungde majority of businesses choose a rate equal selection of approximately 75%.

Figure 7: The policy issues need to perform in the future to better support for production and business activities and growth prospects of the business

Source: Survey of Business by Vietnam Report 1/2016 done months (n = 280; V1000 + VNR 500 + FAST500)

Can be seen, trust business growth of enterprise FAST500 particular and Vietnam in general warming. Along with the optimism that, the organizers FAST500 hope, ranking the top 500 enterprises fastest growing Vietnam next year appears more and more names prospects, the role model for success of the business community in Vietnam, thereby contributing to the brand became a symbol FAST500 national level and internationally.