The 2026 ion process placed greater emphasis on innovation and creativity, including research and development, technology adoption, intellectual property protection, digital transformation and the green economy.
The ranking was based on two main criteria: business performance and sustainability, and companies'' commitments and implementation of environmental, social and governance initiatives.
Vicostone said global conditions remained complex and unpredictable, citing escalating conflicts in the Middle East, volatile energy prices, disrupted supply chains and persistent inflationary pressure.
The results reflected its efforts to navigate volatile global economic conditions over the past year, particularly by expanding export markets, developing new products and strengthening financial governance.
The company reported revenue of nearly VNĐ925 billion (US$35.2 million) for the third quarter, bringing its total revenue for the first nine months of 2025 to more than VNĐ3 trillion ($116.4 million) - equivalent to about 65 per cent of...
Despite numerous difficulties and fluctuations in both domestic and international markets, Phenikaa recorded a consolidated profit of VNĐ858 billion in 2024, marking a 45.6 per cent increase compared to 2023.
The recognition has proven the two companies'' strong foundation of systems, technology, and personnel resources in addition to their proactive and flexible business strategies, and sufficient investments in research and development in 2023.
In total, the company''s net revenue and profit before tax surpassed VND5.66 trillion and VND1.37 trillion in the whole year of 2022, pursuant to its consolidated business results released on Tuesday.
The recognition affirmed the company''s leading position in the industry sector and its stable development in term of revenue growth, in both the domestic and international markets.
This is 5th consecutive year Phenikaa and 6th consecutive year its member companiy - Vicostone JSC have been listed in the top 500 most profitable enterprises in Viet Nam.