According to the official declaration of the Vietnam Report Company on 10th March 2022, the Vietnam Technique Development Co.Ltd has been put on the list of TOP 500 enterprises with the fastest growth in 2022.
The FAST500 ranking was published by Vietnam Report based on the independent research and evaluation of the Compound Annual Growth Rate (CAGR) according to the international evaluating standards in the last 4 years as well as on other business efficiency grading criteria such as the total asset, revenue, capital usage efficiency, asset usage efficiency, etc. of each candidate. This ranking is also considered a glorification and promotion of firms with the fastest growth rate, a stable and effective business performance, and are the “rising stars” of the Vietnamese economy.
The rankings of the listed firms are based on the CAGR of revenue and business performance. Besides, other criteria concerning the total asses, total human resource, profit after tax, and the media credibility of the firms, etc. are also utilized as additional factors to determine the scale as well as the position of the firms in the industries.
Vietnam has undergone several instabilities in 2021 with numerous challenges due to the Covid-19 pandemic. However, in 2022, with the Policy of not only co-existing with the pandemic but also safely adapting to it while flexibly controlling it, despite the demanding situation, the economy of Vietnam still shows positive signs regarding foreign investment, reflecting the attractiveness of the Vietnamese market, as well as the adaptability and the strength of Vietnamese firms during the harsh conditions of the pandemic.
Entering 2022, the economy of Vietnam has shown numerous improvements due to the suitable and timely Policies of the Government, as well as the dynamism and creativity of businesses. These are also the maintaining factors that play the role of the motivator for the economy to continue sustainably developing at a rapid rate in 2022 and the following years.
With the honor of being in the FAST500 rankings, VTD has shown the potential of a business with profound internal resources. This proud achievement is well-deserved after 19 years of establishment and development of VTD. The firm has been growing continuously, gradually overcoming challenges and difficulties posed by the market, becoming the pioneer supplier of authentic technology equipment electrical equipment and transmission grids, aviation-airport equipment, woodworking equipment, and high-end smart electrical equipment from leading manufacturers in the world in Vietnam such as CTC Global, Trench, Tridelta, PPC, Siemens, allweather, Felder, VIMAR, etc.
The recognition from the prestigious FAST500 ranking is a milestone marking the strong transformation of VTD in the journey to success. This is also a joyous and encouraging event for VTD employees on the 19th anniversary of the establishment of VTD, from 17th April 2003 to 17th April 2022. In the future, VTD aims to achieve many higher titles in development to especially celebrate the 20-year-old VTD anniversary in the coming 2023.