November 29, 2017 | 20:42 (GMT+7)
Viettel tops Profit500
PANO - The military-owned telecom group Viettel ranks first among the 500 most profitable businesses (Profit500) in 2017, according to the Vietnam Report Joint-Stock Company.
The list and rank of
businesses in this ranking were assessed objectively and independently, mainly based
on return on assets (ROA) and return on equity (ROE) - two important indices to
evaluate net income after taxes, pre-tax profit, and turnover of a business.
According to the
latest statistics, in the first half of this year, Viettel’s turnover
reached VND 118,000 billion, meeting 100.1 percent of the set target and its
pre-tax profit was VND 21,672 billion, meeting 101 percent of the plan.
Together with the aforementioned
criteria, business’s prestige in mass media is also important to assess the
power and prosperity of a business.
Recently, in the list
of 1,000 businesses with highest rate of corporation tax in Vietnam, announced
by the General Department of Taxation under the Ministry of Finance, Viettel
was the business with the highest rate.
Translated by Mai Huong