Seafood companies listed in VNR500

Nearly 30 seafood exporting and producing companies were listed in the top 500 Vietnamese companies of 2010 (VNR500), said office manager of the Viet Nam Association of Seafood Exporters and Producers Nguyen Minh Tam.

The list, compiled by the Viet Nam Report Joint Stock Company (Viet Nam Report) and online newspaper Vietnamnet, included well-known state-owned and private seafood companies such as Minh Phu Seafood Corp, Cargill, HTFood, Hung Vuong Corp, Vinh Hoan Corp, Quoc Viet Corp, Navico, Minh Hai Jostoco, Stapimex, Utxico and Anvifish.

To add to this success, this year’s list of the top 500 private companies included over 40 involved in the seafood sector.

Minh Phu Seafood Corp ranked highest, breaking into the top 30, with HTFood and Hung Vuong Corp making the top 40 and Vinh Hoan Corp and Quoc Viet Company Ltd appearing in the top 50.

This was the fourth time the VNR500 has been organised. Each year, the top 500 enterprises (both State-owned and private) and the top 500 private enterprises are named.

To break into the list, large businesses should not only focus on business operations but also have an important and active leading role in addressing social issues such as education, health, and diplomacy.

This year, nearly half of the companies in the VNR500 were State-owned enterprises. Foreign-invested and private companies accounted for 23.8 per cent and 31.2 per cent, respectively.

The proportion of private companies on the VNR500 has increased yearly, accounting for 24 per cent of the enterprises listed in 2008 and 30 per cent in 2009.

Viet Nam Report ranks companies according to independent criteria, including the enterprises benefits, total assets and number of employees.

The database was sourced from total assets, turnover, profit, growth rate and employee figures that were compiled by the General Statistics Office and surveys. – VNS

Tags: Vietnam Seafood, Vietnam seafood sector