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MWG - The Only Retailer in the Top 10 Largest Private Enterprises in Vietnam in 2023

Submission date: 08/09/2023 Views: 55

The Vietnam Institute for DevelopmentStrategies (VIDS), the Ministry of Planning and Investment, andKonrad-Adenaeur-Stiftung Vietnam (KAS) on August 31st announced theReport on the assessment of the top 500 Vietnamese private enterprises (VPE500)in the 2021-2022 period.

(Source: Ministry of Planning and Investment)

MobileWorld Investment Corporation (MWG) is officially named in Vietnam's top 10Largest Private Enterprises according to the 2023 Report Assessment of Top 500 VietnamesePrivate Enterprises (VPE500). This achievement is clear evidence of MWG'ssustainable development in the retail sector within the Vietnamese market.

 Top 10 enterprises in the  Report of 500 largest private enterprises in Vietnam (VPE500)

The VPE500ranking is determined based on labor scale, total assets, and gross revenue.The ranking index is the average of the ranks according to these threecriteria. According to the 2023 report, as of December 31, 2021, Vietnam had694.2 thousand domestic private enterprises (VPE), accounting for 96.6% of thetotal active enterprises. These businesses attracted 58.1% of the workforce,accounted for 59.3% of assets, and generated 57.8% of net revenue in thebusiness sector.

 Revenue growth rate of businesses and VPE500 groups

The VPE500report is one of the credible and reliable sources of information on thedevelopment of private enterprises in Vietnam. This recognition marks asignificant milestone in MWG's development journey and will undoubtedly be astrong encouragement for the company to continue striving and innovating.