2022 is the second consecutive year that Viettel Construction has participated in the Club of Top 50 Excellent Profitable Enterprises in Vietnam (Vietnam Best Profitable). According to the announcement from Vietnam Report, Viettel Construction has also increased by 2 places, raising the rank to 234th in the Top 500 Most Profitable Enterprises in Vietnam (PROFIT500).
Previously in March 2022, Vietnam Report announced that Viettel Construction was in the Top 50 Best Growth Enterprises in Vietnam and ranked 153rd in the Top 500 Fastest Growing Enterprises in Vietnam (FAST500). With impressive business results, Viettel Construction is one of the enterprises that have contributed to the top rankings in Vietnam for many consecutive years such as VNR500, FAST500, PROFIT500, etc.
In the context that the global economy is facing many risks and unpredictable fluctuations, businesses face the problem of prices and costs when inflation pressure is increasing, the meaning of finding businesses The best returns are expected more than ever by the business community, investors and the public. The PROFIT500 ranking contributes to introduce and elevate Vietnamese business brands to the business community, domestic and international investors.
According to the survey results of Vietnam Report, the revenue of 65.2% of domestic enterprises has reached and exceeded the level before the Covid-19 pandemic. In which, Viettel Construction is a business with sustainable growth even in the context of the epidemic. In 2021, Viettel Construction recorded a revenue of 7,454 billion VND and profit after tax of 375.76 billion VND, an increase of 17% and 37% respectively compared to the previous year, this is also the largest profit achieved by Viettel Construction. since its establishment until now.
Assess current business results compared to before the Covid-19 pandemic
Highlights of Viettel Construction's business results in the period of 2017-2021
Accumulated in the first 8 months of 2022, Viettel Construction recorded a revenue of VND 5,911.2 billion, up 21.4% over the same period in 2021, completing 68.8% of the plan (VND 8,586.3 billion). Pre-tax profit reached VND 343.12 billion, up 26.9% over the same period in 2021, equivalent to 66.3% of the year plan (VND 517.6 billion). In 2022, Viettel Construction's Construction field grew rapidly, accumulated B2B jobs in the first 8 months of the year recorded at 1,800 billion VND, the source of individual housing construction works reached 1,027.8 billion VND.
According to the analysis of Vietnam Report, the Real Estate - Construction industry always holds the highest rank in the Top industries accounting for a large proportion of the number of businesses in the PROFIT500 Ranking with the proportion of 22.2%. Based on market demand and development speed in Vietnam, the Construction field will help Viettel Construction soon get close to the revenue target of USD 1 billion.
Top 3 industries with the largest proportion of businesses in the PROFIT500 Ranking
In addition, the Vietnam Report's survey in 2022 also recorded an increase in the priority of human resources and research and development (R&D) strategies. Developing high-quality human resources is the core strategy throughout and has tended to increase steadily in the last 3 years. This is explained because this is a decisive factor to the process of economic recovery and development.
