On January 10, 2020, the Vietnam Report (VNR500) held a ceremony to honor Top 500 enterprises of Vietnam in 2019. Here, Ricons honorably received Top 3 Private Enterprise of Vietnam in the Construction Industry. Especially, compared to the first time of joining VNR500 in 2012 with 271th position, Ricons climbed over 200 steps to rank 70/500 of the biggest private enterprises in Vietnam.
The ranking method of VNR500 is developed to ensure objectivity, transparency and sciencetificness. In which, the criterion for selecting enterprises is independently-accounted enterprises regardless of equity capital, legal status and is established under the law of Vietnam. The assessment data are as of December 31 of last year. 5 leading criteria for ranking VNR500 include: Revenue; Profit; Growth rate; Total Assets; and Total Laborers. In addition, ROA, ROE, enterprises’ prestige on mass media; reality and revenue growth rate of previous years, etc. are also considered as supplementary factors to assess enterprises’ scale and position. Therefore, many financial organizations (banks and investment funds) at home and abroad highly appreciate VNR500. This is considered as a reputable referential channel when assessing Vietnam market to ensure objectiveness, transparency and scientificness.
This is the 9th year when Ricons constantly enters the VNR500 reputable ranking. With the attempt to perfect and improve service quality, Ricons will continue to assert that it is deserved to the position of a reputable contractor brand in the market.
