Vietnam's Biggest and Most Famous Companies
Vietnam is no longer just the world's factory for cheap goods. Today it is one of Asia's fastest-growing economies, with its own giants — from state oil corporations to private conglomerates, electric cars and world-class IT firms. Here is a simple guide to who drives Vietnam's economy in 2026 and which names are worth knowing.
Vietnam: one of Asia's fastest-growing economies
In 2025 Vietnam's economy grew by around 8% — one of the highest rates in the world. The annual VNR500 ranking lists the country's 500 biggest companies; its top ten mixes a foreign Samsung plant, state oil and energy giants and private conglomerates.
Vietnamese business rests on three pillars: large state firms (oil, energy, banks), private conglomerates such as Vingroup and Hoa Phat, and foreign factories — above all Samsung, which alone accounts for a large share of the country's exports.
Vingroup — the largest private conglomerate
Vingroup is Vietnam's most famous private company and the largest by market value on the Ho Chi Minh exchange. It began in real estate and now spans housing, malls, hotels, schools, hospitals and electric cars. In 2025 its revenue reached about VND331.8 trillion (≈ $12.6 billion) — nearly double a year earlier.
Vingroup is controlled by Pham Nhat Vuong — the richest person in Vietnam and, by most estimates, in all of Southeast Asia. It is also the country's biggest private employer.
VinFast — Vietnam's electric car
VinFast is Vingroup's car arm and perhaps the country's most ambitious project. In 2025 it delivered 196,919 electric vehicles (double the year before) and revenue passed $3.6 billion. VinFast shares trade on the US Nasdaq exchange.
It is the first Vietnamese carmaker to go global. Pham Nhat Vuong personally pours billions into the project, betting on EVs as the calling card of a new Vietnamese industry.
Viettel — the military telecom giant
Viettel is Vietnam's largest technology company by revenue, and it is owned by the Ministry of Defence. In 2025 its consolidated revenue reached VND220.4 trillion (about $8.7 billion), up nearly 14%.
Viettel is more than home mobile service: it operates in a dozen countries across Asia, Africa and Latin America, builds 5G and cybersecurity, and even makes its own equipment — a rare Vietnamese brand that became a global player.
FPT — IT and artificial intelligence
FPT is Vietnam's largest listed IT company. It was founded in 1988 by Truong Gia Binh and 12 other scientists; today it is a global IT-services provider with offices worldwide. In 2025 revenue was about VND70.1 trillion and profit rose nearly 19%.
FPT is betting on artificial intelligence and software exports — its overseas IT contracts already top $1.3 billion. It is helping turn Vietnam from an assembly line into a country of engineers and developers.
State giants: oil, power and coal
Vietnam's biggest companies by revenue are state corporations. Petrovietnam (oil and gas) and Petrolimex (fuel) sit firmly at the top of the VNR500, alongside the power monopoly EVN and the coal-and-mining group Vinacomin (TKV).
These firms supply the country with electricity, fuel and raw materials. Tourists rarely hear of them, but they form the backbone of the economy and the budget.
Banks: who holds the country's money
Banking is one of the strongest sectors. Vietcombank is the largest bank by market value and the only Vietnamese company to appear among the world's biggest listed firms. With BIDV, Agribank and VietinBank it forms the “big four” of state banks.
Among private banks, Techcombank, VPBank and HDBank stand out, growing fast with the middle class, mortgages and online payments.
Hoa Phat — the steel king
Hoa Phat is Vietnam's largest steelmaker and a leader of the VNR500 among private companies. Its founder, Tran Dinh Long, is one of the country's richest people, often called the “steel king”.
Hoa Phat steel goes into the buildings, bridges and factories rising across the country — the very construction boom reshaping Vietnam's cities.
Vietjet, Vinamilk and the consumer sector
The airline Vietjet made flying around Vietnam cheap and popular. Its founder, Nguyen Thi Phuong Thao, is the first female billionaire in Vietnam and Southeast Asia. The dairy giant Vinamilk is one of the country's most recognised brands.
Also here are Masan Group (food and retail), the electronics chain Mobile World (The Gioi Di Dong) and the carmaker Thaco. These companies are closest to everyday life — Vietnamese see their products every day.
Vietnam's billionaires — and what it means for visitors
Vietnam is steadily growing its own billionaires. Forbes lists regularly feature Pham Nhat Vuong (Vingroup), Nguyen Thi Phuong Thao (Vietjet), Tran Dinh Long (Hoa Phat), Ho Hung Anh (Techcombank) and Nguyen Dang Quang (Masan). The country's biggest exporter, though, is foreign Samsung, whose plants make almost 90% of Vietnam's phone exports.
For a traveller this means one thing: Vietnam is a modern, business-minded country with world-class service. People come here not only to relax but to work — and a good occasion, meeting or congratulation is valued here as anywhere.
If you are in Nha Trang for work or leisure and want to congratulate a partner, colleague or loved one, we will deliver a fresh bouquet or helium balloons to a hotel or office the same day. Message us on WhatsApp, Telegram or KakaoTalk and we will help you choose a beautiful gift.
