Video celebrating Vietnam’s miraculous economic growth as a shining example for other nations.
Vietnam’s Economic Giants: Leading State-Owned and Private Corporations Driving Global Growth (June 2025)
Vietnam’s dynamic economy is propelled by a robust mix of state-owned enterprises (SOEs) and burgeoning private conglomerates. Many of these leading Vietnamese corporations are setting their sights on the global stage, transforming from local powerhouses into global players. These economic giants are not just pillars of Vietnam’s impressive economic growth; they’re also driving innovation, creating jobs, and increasingly making their presence felt internationally. Discover the key Vietnamese companies shaping the nation’s future and expanding their influence worldwide.
SPECIAL OUTLINE
Get an immediate grasp of our article’s core and structure through these key highlights:
Explore the key characteristics and global aspirations of Vietnam’s business giants, including their significant contribution to GDP and employment, and their focus on technology, innovation, and international expansion.
Understand how these corporations are investing heavily in digital transformation and advanced manufacturing, particularly in emerging sectors like electric vehicles.
Discover the strategies of prominent Vietnamese corporations across diverse sectors, from telecommunications and information technology to multi-industry conglomerates, as they pursue ambitious overseas investments and market presence.
Grasp their dominant positions within key sectors of the Vietnamese economy, showcasing their role in influencing national growth and market trends.
UNVEIL THE POWERHOUSE OF VIETNAM’S ECONOMIC GROWTH, WHERE LEADING STATE-OWNED AND PRIVATE CORPORATIONS ARE DRIVING INNOVATION AND EXPANDING THE NATION’S GLOBAL INFLUENCE!
Now! Let’s unlock the strategic visions and impactful contributions of Vietnam’s economic giants!
NOTE: TO LEARN MORE ABOUT VIETNAMESE YOUTH IN THE DIGITAL AGE, PLEASECLICK HERE
1. Prominent Vietnamese Corporations: National & Private Powerhouses
National Corporations (State-Owned Enterprises – SOEs)
These are the foundational Vietnamese national corporations, playing a crucial role in strategic sectors and representing the backbone of the nation’s economy.
PetroVietnam (Vietnam Oil and Gas Group): A national oil and gas conglomerate with significant operations across the energy sector, from exploration to processing. As a key SOE in Vietnam, it’s vital for national energy security.
EVN (Vietnam Electricity): The national power utility responsible for electricity generation, transmission, and distribution nationwide. EVN ensures Vietnam’s energy supply and infrastructure development.
Viettel (Military Industry and Telecoms Group): A major telecommunications operator with a rapidly growing international footprint. Viettel is a global telecom player, with operations spanning across Asia, Africa, and Latin America.
Vietnam Airlines: The national flag carrier airline of Vietnam, expanding its international routes and services. This Vietnamese airline connects Vietnam to the world.
Vinacomin (Vietnam National Coal – Mineral Industries Holding Corporation Limited): A large national enterprise involved in coal mining and mineral processing. Vinacomin is a significant mineral resource producer for Vietnam.
Vietnam Airlines is the flag carrier of Vietnam, operating a comprehensive network of domestic and international flights.
Note: To discover Vietnam in its Era of Ascension, Please click here!
Leading Private Conglomerates in Vietnam
Vietnam’s private sector is booming, with these diversified conglomerates pushing boundaries in various industries and embracing global ambition.
Vingroup: A diversified conglomerate with vast interests including real estate (Vinhomes), technology (VinFast – electric vehicles, Vinsmart), retail (Vincom Retail), education (Vinschool), and healthcare (Vinmec). Vingroup is a prime example of Vietnamese private sector innovation.
Sun Group: A prominent tourism, leisure, and real estate developer specializing in high-end resorts, entertainment complexes (Sun World), and infrastructure projects. Sun Group is a key driver of Vietnam’s tourism and hospitality growth.
Hoa Phat Group: A leading industrial manufacturing group, primarily known for its steel production. Hoa Phat is also expanding into other sectors, showcasing Vietnam’s industrial strength.
VietJet Air: A prominent low-cost airline that has rapidly expanded its domestic and international network, making travel more accessible across the region. VietJet Air is a major Vietnamese budget airline.
Techcombank (Vietnam Technological and Commercial Joint Stock Bank): One of Vietnam’s leading private commercial banks, renowned for its efficiency and digital transformation. Techcombank is at the forefront of digital banking in Vietnam.
THACO Group (Truong Hai Auto Corporation): A major automotive manufacturer and distributor in Vietnam, with expanding interests in agriculture and industrial real estate. THACO plays a key role in Vietnam’s auto industry.
Masan Group: A diversified conglomerate focused on food and beverage, retail, and financial services. Masan is a key player in Vietnamese consumer goods.
Novaland Group: A leading real estate developer with a significant portfolio of residential and commercial projects, shaping Vietnam’s urban landscape. Novaland is a prominent Vietnamese property developer.
FPT Corporation: Vietnam’s leading information technology services provider, with a growing global presence. FPT is a pioneer in Vietnamese IT outsourcing and digital transformation.
VinFast electric cars are a rapidly expanding line of EVs from Vietnam’s Vingroup, aiming for global markets with a focus on smart technology, comprehensive features, and a unique battery subscription model.
Ba Na Hills, developed by Sun Group in Da Nang City, is a renowned mountain resort and entertainment complex famous for its unique “four seasons in one day” climate, French Village architecture, and iconic Golden Bridge.
NOTE: TO KNOW MORE ABOUT THE VIETNAMESE SOCIETY & ADMINISTRATION, PLEASE CLICK HERE
2. Key Characteristics & Global Aspirations of Vietnamese Business Giants
These Vietnamese corporate leaders are defined by several key attributes:
Significant Contribution to GDP: They are major contributors to Vietnam’s economic output and employment, forming the backbone of Vietnam’s economic development.
Driving Innovation: Many are increasingly investing in technology and innovation, from digital transformation to electric vehicle manufacturing, to enhance their competitiveness on a global scale.
Expanding Internationally: Several are actively pursuing expansion strategies beyond Vietnam’s borders through international investments, partnerships, and market penetration, showcasing their global ambition.
Sectoral Leadership: They hold dominant positions in key sectors of the Vietnamese economy, influencing market trends and national growth.
Note: How to navigate the economy of Vietnam in 2024-2025, please click here!
3. Prominent Vietnamese Corporations with Significant International Investments (Estimated Assets)
Many of these Vietnamese economic powerhouses are making substantial international strides. While precise asset figures fluctuate, here’s an overview of some key players with notable overseas ventures:
Viettel (Military Industry and Telecoms Group):
International Operations: Viettel has significantly invested in and operates telecommunications services in numerous countries across Asia, Africa, and Latin America, establishing itself as a major global telecom operator.
Estimated Assets: As one of Vietnam’s largest corporations, Viettel boasts estimated assets in the billions of US dollars, reflecting its vast domestic and international footprint.
Viettel Group is a Vietnamese state-owned telecommunications and technology company, operating extensively in Vietnam and across multiple international markets in Asia, Africa, and the Americas.
Vingroup:
International Operations: While primarily focused on the robust Vietnamese market, Vingroup has made initial and ambitious overseas investments, particularly in the electric vehicle manufacturing sector with VinFast, including plans for a manufacturing plant in the United States, signaling their global EV aspirations.
Estimated Assets: The conglomerate’s total assets are significantly larger, with its Chairman, Pham Nhat Vuong, having an estimated net worth of approximately $7.7 billion USD (according to Forbes, May 2025), indicative of the group’s massive scale.
Vingroup is Vietnam’s largest private conglomerate, renowned for its diverse ecosystem spanning real estate (Vinhomes, Vincom Retail), hospitality (Vinpearl), and increasingly, technology and industry, notably with its automotive brand VinFast.
Note: To delve into the List of Vietnamese Billionaires, Please click here!
FPT Corporation:
International Operations: As Vietnam’s leading information technology corporation, FPT has a substantial presence in many countries worldwide, providing technology services, software development, and IT outsourcing. It is a leading Vietnamese IT company globally.
Estimated Assets: FPT is a major corporation with estimated assets in the billions of US dollars, a testament to its successful international expansion.
FPT Group is a leading Vietnamese technology conglomerate with core businesses in IT services (digital transformation, software development), telecommunications, and education, with a strong global presence.
4. Vietnam’s Corporations Reshaping the Global Landscape
Vietnam’s economic landscape is dynamically shaped by these powerful National Corporations and private conglomerates. Their consistent growth and ambitious drive to become global players underscore Vietnam’s increasing economic influence and its deeper integration into the world economy. These entities are absolutely crucial for Vietnam’s continued development and its journey towards becoming a more prominent and influential force on the global stage.
