Hanoi, June 20 -- Vietnamese conglomerate Vingroup has climbed eight places to rank 37th in the Fortune Southeast Asia 500, a list of the region's 500 largest enterprises compiled by Fortune, the renowned American business magazine.

This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.

According to Fortune, Vingroup ranks first among private enterprises in Vietnam. The group earned high marks not only for its asset scale but also for its business performance and financial efficiency. In 2024, Vingroup posted 7.5 billion USD in revenue an...