This is the first time Fortune has published a ranking of the 500 largest companies in Southeast Asia based on revenue of the fiscal year 2023. Fortune said, Southeast Asia plays an increasingly important role in the economy. global economy thanks to changes in supply chains and the rapid development of regional economies.
This first ranking includes Companies from 7 Southeast Asian countries: Indonesia, Thailand, Malaysia, Singapore, Vietnam, Philippines and Cambodia. Indonesia dominates with 110 Companies. Followed by Thailand with 107 Companies, Malaysia with 89 Companies on the list, surpassing Singapore with 84 Companies. Vietnam has 70 companies on the list, while the Philippines has 38 companies and Cambodia has 2 companies. The indexes are collected publicly and transparently by Fortune through data provided by businesses to competent state agencies, and re-certified by two independent testing organizations: Refinitiv and S&P Global Market. Intelligence.
By region, Viettel Construction ranked 491/500 largest company. Regarding the Engineering & Construction sector, Vietnam has only 3 companies appearing in the rankings: Petrovietnam Power (rank 241), Coteccons Construction (rank 376) and Viettel Construction (rank 491).
Viettel Construction ranked 491/500 largest company in Southeast Asia
For the first time, Fortune announced the ranking of the 500 largest companies in Southeast Asia
The ten largest companies in the ranking have reported revenues of $650 billion. This represents more than a third of the revenue for fiscal year 2023 of all Southeast Asia 500 companies, with a total reported revenue of $1.8 trillion. Companies included in the list must meet a minimum revenue threshold of 460.8 million USD.
“The Fortune Southeast Asia 500 ranking reflects a dynamic and rapidly changing region – one with a growing core economy,” said Clay Chandler, Asia Editor-in-Chief of Fortune. fast. This is partly because Southeast Asia now has a much greater importance in the global economy, especially because many of the multinational companies in the Global 500 rankings have shifted many of their supply chains to other countries Southeast Asian country".
Fortune magazine is a famous business magazine in the world, founded in 1929 by Henry Luce, who is also the founder of Time magazine. Fortune magazine is known for its insightful articles on companies, leaders, trends and global economic issues. Fortune magazine is also famous for its ranking lists such as Fortune 500, Fortune Global 500, Fortune 100 Best Companies to Work For and Fortune World's Most Admired Companies.