On October 26, 2023, at Sheraton Hotel in Hanoi, Vietnam Report Joint Stock Company, in collaboration with VietNamNet newspaper, officially organized the announcement ceremony for the Top 500 Most Profitable Businesses in Vietnam (PROFIT500)
CNCTech Group was recognized at the 387th position out of the Top 500 most profitable businesses in Vietnam, marking its debut in this ranking.
In the context of the global economic slowdown, the Vietnamese economy has also been significantly impacted. Widespread stagnation across various sectors has eroded the resilience of businesses, leading to a substantial decline in profits. However, as the term “soft landing” is increasingly used to describe the global economic landscape instead of the term “recession” used a few months ago, the Vietnamese economy is showing signs of recovery, although the pace of transformation is not yet rapid.
Contributing to the recovery of the Vietnamese economy, the efforts of the domestic business community, especially those playing pivotal roles and acting as “front-runners” in facing challenges, have been crucial during the past period.
In the midst of the global economy facing numerous unpredictable risks and fluctuations, the significance of identifying exemplary businesses with good profitability and a solid reputation is highly valued by the business community, investors, and the public. The announcement ceremony of the Top 500 Most Profitable Businesses in Vietnam (PROFIT500) & Top 10 Reputable Companies in the Food & Beverage – Retail – Packaging Industry in 2023 is not only an occasion for representative businesses to gather, exchange experiences, but also serves as a “launching pad” to enhance their brands to the public, both domestically and internationally.
On this occasion, Vietnam Report also publishes the bilingual report “Vietnam Earnings Insight 2023” with the theme “Sustainable Profit Growth: Positioning Businesses Amidst Changes.” Besides providing a comprehensive overview of the economic situation both domestically and internationally in the first nine months of 2023, the report offers insights into challenges and opportunities for businesses. Additionally, it analyzes trends, changes in consumer behavior, and strategies for sustainable profit growth, enabling businesses to establish a robust defense against shocks, pivot and accelerate along new trends, reinforce their market position, and build long-term, sustainable success.
Founded as a mechanical engineering startup, CNCTech has, after 15 years of construction and development, become a multi-industry industrial conglomerate, holding a top position in Vietnam for precision mechanical processing. With a commitment to providing comprehensive services in integrated technology industries along with industrial infrastructure for major global partners, CNCTech has successfully established various joint ventures and collaborations with significant partners.
In the next 5 years, CNCTech is oriented towards constructing complexes and green, modern industrial cities, contributing to the building of a robust and prosperous Vietnam. In the future, CNCTech aims to invest in and develop leading high-tech industries globally to elevate CNCTech, aiming for the development of a green technology industry, reaching higher and farther in the global value chain.