Recently, Vietnam Report has announced the FAST500 Ranking – The top 500 fastest growing enterprises in Vietnam in 2022. BV Land Joint Stock Company (a member of BV Group) with an outstanding growth rate, has been recognized in this ranking with the rank of 21/500, and ranked 4th/29 enterprises in the field of Real Estate.

This is the twelfth year in a row that Vietnam Report publishes this list. FAST500 honors the most sustainable businesses, contributing to the general prosperity of the country.

The rankings of businesses in the Ranking are arranged based on the Compounded Annual Growth Rate (CAGR) in terms of revenue and business performance. In addition, criteria such as total assets, total employees, profit after tax and corporate reputation in the mediaare also used as complementary factors to determine the size and position of the enterprise. in the industry.

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According to a survey by Vietnam Report, the biggest challenges facing FAST500 businesses in 2021 are still: unpredictable epidemic situations; fluctuating market demands; input costs increases; economic – political instability in the world; complicated administrative procedures. In addition to external factors, FAST500 businesses also have their own internal barriers that affect growth, such as recruiting and retaining personnel; Corporate governance. Overcoming all the challenges, BV Land has shown flexibility and quick response plans to adapt to the new situation while continuing to maintain the original goals. Accordingly, in 2021, parent company BV Land achieved a revenue of 322.96 billion VND, an increase of nearly 750% compared to 2020. Profit before tax in 2021 reached 33.13 billion VND, an increase of 608% compared to 2020. As a result, BV Land’s revenue in 2021 reached VND 599.62 billion, a 192% increase compared to 2020; pre-tax profit reached VND 30.69 billion, an increase of over 300% compared to 2020.

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In the context that the economy in general and businesses in particular continue to face many difficulties due to the impact of the Covid-19 epidemic, BV Land is still determined to maintain its growth momentum and affirm its position in the market. On the basis of available internal resources and feasible target plan, in 2022, BV Land expects revenue to reach 1,866.8 billion (up 311%) and profit to reach 140.5 billion (up 467% compared to 2016). revenue and profit in 2021). This is a breakthrough growth rate and BV Land is confident to achieve. In the Fast500 2023 ranking, surely the BV Land brand will continue to be honored in even higher rankings.