What do you think of the 500 fastest growing companies?

Confidence and optimism are overwhelming the survey of the Top 500 fastest growing enterprises in Vietnam (FAST500) on the business situation in 2025.

What do you think of the 500 fastest growing companies?

Confidence and optimism are overwhelming the survey of the Top 500 fastest growing enterprises in Vietnam (FAST500) on the business situation in 2025.

Optimism prevails

Up to 86.1% of businesses believe in their positive growth prospects this year. Many businesses are ready to move from a state of maintaining stability to expanding their scale.

Vietnam's economic outlook in 2025 from a business perspective. Source: FAST500 Business Survey - Vietnam Report, January-February 2025. (% of businesses participating in the survey)

This is the result of a survey conducted by Vietnam Report to outline a panoramic growth picture of Vietnamese enterprises, in parallel with building the Ranking of the 500 fastest growing enterprises in 2025.

This optimism is based on a positive assessment of Vietnam's economic recovery and growth in 2025.

Most businesses expect Vietnam to achieve impressive economic growth. The GDP growth scenario of 7.0-7.5% is considered the most feasible by many businesses (23.6%), followed by 7.5-8.0% growth (21.4%) and 6.5-7.0% growth (19.3%). Notably, a significant proportion (17.1%) of businesses forecast GDP growth above 8.0%.

The proportion of businesses planning to expand their business increased significantly from 54.3% in 2024 to 74.3% in 2025.

At the same time, the economy's capital absorption capacity is expected to improve with 80.6% of enterprises having expected capital needs to increase, in line with the trend of expanding operations.

Businesses not only intend to increase their business scale but are also willing to invest financially to achieve this goal. Overall, business sentiment is shifting in a positive direction, with a focus on growth and expansion in 2025.

However, businesses are cautious as the Vietnamese economy still faces risks from global economic instability as well as increasing competitive pressure. Therefore, businesses need to have flexible strategies, taking advantage of opportunities from supply chain shifts and domestic consumption to maintain sustainable growth in 2025.  

The biggest opportunity in 2025 is to streamline the apparatus

“Streamlining the apparatus, synchronously reforming and digitizing administrative procedures to create a transparent mechanism for businesses” was chosen as the number 1 opportunity, from the perspective of the fastest growing businesses.

Top 5 biggest opportunities in 2025 from a business perspective. Source: FAST500 Business Survey - Vietnam Report, January-February 2025

Explaining, businesses said that the Government's efforts to streamline the apparatus, synchronously reform and digitize administrative procedures not only help improve the effectiveness of state management but also create a strong driving force for the development of the business community.

Merging ministries and sectors with similar functions and reducing administrative intermediary levels will increase management efficiency as well as comprehensively innovate the handling of administrative procedures. Along with that, cutting cumbersome procedures, simplifying licensing processes and applying technology to administrative management will help businesses save costs and shorten the time to process documents.

In addition, the Government also carries out reforms, streamlining the apparatus in sync with digital transformation, using technology platforms to automate administrative processes. This process, on the one hand, increases transparency and enhances consistency in policy implementation among localities, creating a fairer playing field for businesses; on the other hand, developing a national data system that connects ministries, sectors and localities, applying digital platforms to public services helps improve access to information, supporting businesses to make decisions more quickly and accurately.

“This not only benefits domestic enterprises but also increases Vietnam's attractiveness in the eyes of foreign investors, especially in the fields of technology, manufacturing and services,” the enterprises shared.

Growth momentum lies in the FAST 500 group

In 2025, when the economy is on the path of strong recovery, the FAST500 business community is expected to continue to maintain stable growth momentum.

This assessment is based on the statistical results of the average compound growth rate of revenue of FAST500 enterprises. Compared to other enterprises in the economy, the FAST500 business community has shown impressive resilience in the face of fluctuations from the COVID-19 pandemic and macroeconomic factors in the period from 2020 onwards.

Statistics from Vietnam Report's ranking data updated with financial data in 2024 show that FAST500 enterprises not only maintained a stable revenue growth rate in the 2020-2023 period but also continued to have positive growth in 2024 while the remaining group of enterprises had a wide dispersion, with many data points falling into the decline or reduced growth momentum.

This affirms the outstanding growth capacity, adaptability, and ability to maintain sustainable development momentum through a sound financial foundation and business strategy of the FAST500 business community.

The difference in distribution between FAST500 enterprises and the remaining group of enterprises in the economy also emphasizes the value of the FAST500 ranking as an important indicator of a business's financial health and growth potential.

Source: https://baodautu.vn/thay-gi-tu-cam-nhan-cua-500-doanh-nghiep-tang-truong-nhanh-nhat-d251387.html