The annual ranking assesses companies based on revenue growth, employee satisfaction, and ESG transparency.

Vingroup (HoSE: VIC) ranked highest among Vietnamese firms at 57th place, followed by its real estate subsidiary Vinhomes (HoSE: VHM) at 352nd.

The group reported consolidated net revenue of VND332.77 trillion ($12.43 billion), up 76% year-on-year and the highest level in its history. It also earned record net profit of VND11.15 trillion ($429.19 million).

Meanwhile, Vinhomes reported consolidated net revenue of VND154.1 trillion ($5.93 billion) in 2025, while net profit rose 20% from a year earlier to VND42.1 trillion ($1.62 billion).

Following Vingroup, tech giant FPT (HoSE: FPT) came at 146th with a score of 86.06, supported by sustained expansion in its core technology services segment. The company recorded net profit of VND9.37 trillion ($360.76 million) in 2025.

Its subsidiary FPT Retail ranked 393rd, benefiting from rapid growth of its Long Chau pharmacy chain. The retailer reported a pre-tax profit of more than VND1.22 trillion ($46.94 million) last year.

The financial sector was represented by two of Vietnam’s state-owned “Big Four” banks. BIDV (HoSE: BID) ranked 280th, while VietinBank (HoSE: CTG) placed 461st.

VietinBank posted a pre-tax profit of VND43.45 trillion ($1.67 billion) in 2025, while BIDV reported VND37.86 trillion ($1.46 billion). Analysts said the banks’ scale, profitability, and relatively stable asset quality supported their performance under TIME’s evaluation criteria.

In addition, Masan Group (HoSE: MSN) ranked 411th after reporting VND6.76 trillion ($260.46 million), up 58% year on year, driven by retail optimization.

National flag carrier Vietnam Airlines (HoSE: HVN) placed 472nd following restructuring that saw it return to profitability, reporting a net profit of VND7.71 trillion ($297 million) after years of pandemic-related losses.

Agribusiness group Hoang Anh Gia Lai (HoSE: HAG) ranked 497th, marking a significant turnaround. The company reported record pre-tax profit of VND2.24 trillion ($86.37 million) in 2025, eliminating accumulated losses and lifted its total assets above $1 billion.

Beyond earnings, Hoang Anh Gia Lai also performed relatively well on ESG transparency, ranking 440th in sustainability metrics, supported by its shift toward Global GAP-compliant agricultural practices.

The presence of nine Vietnamese firms in this year’s ranking highlights broader corporate recovery and balance-sheet strengthening across property, technology, banking, and consumer sectors, even as companies navigate tighter credit conditions and evolving ESG expectations across the region.