C.P. Vietnam toasted as 18th largest company on VNR500

January 13, 2020 | 11:32
C.P. Vietnam Corporation was once again recognised 18th on the list of the 500 largest enterprises in Vietnam and the largest livestock enterprise in 2019 for many consecutive years.
cp vietnam toasted as 18th largest company on vnr500
Vu Anh Tuan, vice senior general director of C.P. Vietnam (centre) receiving the award

On January 9, Vietnam Record JSC, in tandem with newswire Vietnamnet, organised the VNR500 ceremony to honour Vietnam’s 500 largest businesses, highlighting their remarkable successes in production and business.

In 2019, the Vietnamese agricultural sector faced massive difficulties and challenges, including fierce trade competition around the globe, epidemics damaging animals and crops, especially the African Swine Fever. C.P. Vietnam supported and accompanied authorities and farmers to help them overcome these difficulties. Thanks to C.P. Vietnam's taking the initiative, creativity and effort, the group played an important role in offsetting the shortage of pork caused by the ASF and maintained its growth momentum. As a result, the group is still toasted as the largest livestock company in Vietnam.

Speaking at the ceremony, Vu Anh Tuan, vice senior general director of C.P. Vietnam, said, “This award is the pride and honour of C.P. Vietnam and is a recognition of the non-stop efforts of both the Board of Directors and staff of the group to promote sustainability in the agricultural sector and combat epidemics in particular.”

"Besides, this prestigious award affirms the leading position of C.P. Vietnam in the agricultural sector and food industry, shown by the corporation's fast growth, contributions to the country’s economic development, and the capacity to create breakthrough growth. Furthermore, this award will reinforce the trust of investors and strategic partners in the continuous growth of the group," Tuan said.

cp vietnam toasted as 18th largest company on vnr500
Representatives of leaders in the list of the 500 largest enterprises in Vietnam

This is the 13th consecutive year that the VNR500 Ranking has been published to help build and promote the prestige and brands of local businesses. The VNR500 ranking is built by independent study and evaluation by Vietnam Report, based on criteria of revenue, profit, total assets, and labour force. The ranking complies with international standards and is compiled through independent, scientific evaluation.

On this occasion, Vietnam Report published the Vietnam Economy White Paper 2020. C.P. Vietnam and the rest of the Top 500 were recognised by the White Paper to have breakthrough growth and become strong motivation and key factors for the country’s industrialisation. They also contributed to improving Vietnam’s position in the international arena.

By Kim Oanh

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional