US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Five local enterprises have striven to the Asia300 Power Performers, with three have got to the top 100.
Vietnam’s oil and gas giant PetroVietnam Gas, leading dairy company Vietnam Dairy Products (Vinamilk), state-owned lender Vietcombank, tech giant FPT and largest private enterprise Vingroup have made it to the annual Asia 300 Power Performers rankings compiled by the Nikkei Asian Review.
Vinamilk, in particular, has been ranked 25th while Vietcombank and PetroVietnam are at the 54th and 84th position, respectively.
Rankings are updated based on the latest financial results of 325 of the biggest and fastest-growing companies in the region excluding Japan, providing a benchmark for the performance of major Asian companies. In addition to the overall ranking, the list also gives a breakdown of the five metrics used to calculate the standings, including the five-year average growth in revenue and net profit, return on equity, net profit margin, and the ratio of shareholders’ equity to total assets.
In this fourth annual list, tech companies have once again led the way, securing 11 of the top 20 slots and underscoring how the sector has driven the Asian economy. The industry, according to Nikkei Asian Review, has faced gathering headwinds, including the trade and tech conflict between the US and China.
In the top 50, China/Hongkong has 14 companies, while Vietnam has one along 13 from India, eight from Taiwan, four from Malaysia, and three from South Korea.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.