HANOI, Sept. 11 (Xinhua) -- Among the 500 most profitable companies in Vietnam, foreign direct investment (FDI) companies maintained the lead in terms of return on assets (ROA) with 13.7 percent, up 2.7 percentage points year-on-year, the Vietnam News Agency reported on Monday.

The growth reflects a stability in the FDI business operations and profit-generating capabilities, according to the report.

Companies in the private sector came in the second place in terms of ROA with 11.2 percent, followed by businesses in the public sector with 9.2 percent. This has upheld their positions as the second and third best-performing sectors.

The ROA has been considered as a key profitability metric demonstrating consistent and equitable growth among the 500 most profitable companies in 2023 across all economic sectors.

According to the report, about one-third of the companies expected an economic growth of between 4.5 and 5.0 percent in 2023. Merely 4.5 percent anticipated that growth would surpass 5.5 percent whereas 13.6 percent expected it would be less than 4 percent.

The report said that companies were pinning their hopes on supportive policies from the government, which are expected to create a low-interest environment conducive to their operations. Enditem

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