This is the first time Vinaconex has been included in this ranking, marking a significant step in the company's development and integration, a company representative said.
The Fortune SEA 500, a list of Southeast Asia's 500 largest companies, is a prestigious business ranking. It aims to honor leading corporations in the region, promoting Southeast Asia's position as a global center for manufacturing, trade, and investment.
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Vinaconex is listed in the Fortune Southeast Asia 500, which ranks the top 500 companies in Southeast Asia in 2025. Photo: Fortune Southeast Asia |
Vinaconex is listed in the Fortune Southeast Asia 500, which ranks the top 500 companies in Southeast Asia in 2025. Photo: Fortune Southeast Asia
For the second consecutive year, Fortune magazine has released its list of the 500 largest and most influential companies across six Southeast Asian economies: Vietnam, Indonesia, Thailand, Malaysia, Singapore, and the Philippines. The ranking is based on 2024 fiscal year revenues, with a minimum revenue threshold of 349.4 million USD, equivalent to approximately 9,000 billion VND, required for inclusion.
In 2025, Vietnam has 76 representatives on the Fortune SEA 500, up from 70 the previous year. A Vinaconex representative noted this demonstrates the strength and regional aspirations of Vietnamese businesses, especially those with adaptable strategies and stable growth in a volatile environment.
In 2024, despite economic challenges, Vinaconex maintained its growth momentum, operating effectively across its three strategic pillars: construction, real estate, and financial investments. Vinaconex's consolidated system-wide revenue reached 13,176 billion VND, with consolidated after-tax profit reaching 1,108 billion VND, exceeding the annual plan by 17%. Notably, the parent company recorded revenue of 9,746 billion VND and after-tax profit of 861 billion VND, meeting 100% of the plan, the highest level in recent years. The dividend payout ratio was 16%, equivalent to 160% of the planned target.
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The Vinaconex building in Hanoi. Photo: Vinaconex |
The Vinaconex building in Hanoi. Photo: Vinaconex
This year, the company aims for consolidated revenue of 15,500 billion VND, after-tax profit of 1,200 billion VND, and maintaining a dividend policy of 16%.
In construction, Vinaconex is accelerating progress and ensuring quality at several key national infrastructure projects. These include Long Thanh International Airport phase 1, the Ring Road 4 project in the capital region, and the Noi Bai Airport Terminal 2 expansion project.
In real estate investment, the company is effectively implementing several large-scale projects: Capital One, a high-end commercial, office, and serviced apartment complex in Hanoi; Vera Diamond City, an urban area in Mong Cai. The company also focuses on developing strategic industrial parks and researching social housing projects in accordance with government policy.
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The company is constructing the 6th immersed tube tunnel at the passenger terminal of Long Thanh International Airport. Photo: Vinaconex |
The company is constructing the 6th immersed tube tunnel at the passenger terminal of Long Thanh International Airport. Photo: Vinaconex
Financial investments are also a pillar helping Vinaconex navigate market challenges. The company focuses on sectors generating stable revenue such as energy (Ngoi Phat hydropower plant, DakBa hydropower plant), clean water (Viwaco Joint Stock Company), and education (Ly Thai To Education System).
These strategies continue to affirm Vinaconex's position as a leading brand in the construction industry, creating a foundation for long-term, sustainable growth, a company representative said.
Hoang Dan
