Private firms contribute more to Vietnam's economic growth

HANOI, Dec. 6 (Xinhua) -- Private firms contribute 32.3 percent to Vietnam's economic growth this year, up from the rate of 27 percent last year, according to the latest Vietnam Report 500 (VNR500), the annual list of 500 biggest enterprises in terms of revenue in the country.

About 50 percent of the 500 enterprises in the latest VNR500 are private, increasing 2.5 times compared with the rate of 20 percent when the first list came out in 2007, according to the annual list's compilers, the Vietnam Report Company and local online newspaper VietNamNet on Wednesday.

Among 500 biggest state-owned, foreign-invested and private enterprises in Vietnam in 2017, Samsung Electronics Vietnam Company tops the list, followed by Vietnam Electricity and Vietnam Oil and Gas Group.

Among private enterprises in 2017, Vingroup is the biggest one. Vingroup, whose total assets were 204,938 billion Vietnamese dong (nearly 9.1 billion U.S. dollars), made net revenues of 57,166 billion Vietnamese dong (2.5 billion U.S. dollars) in the first nine months of this year, up 65 percent on-year. Enditem