Cavico Vietnam Named One of the Top 500 Vietnamese Enterprises by VietnamNet
December 1, 2009 - 8:00 AM EST
Dec. 1, 2009 (Business Wire) -- Cavico Corp. (NASDAQ: CAVO), a leading infrastructure development company based in Vietnam, today announced that its wholly-owned subsidiary, Cavico Vietnam, was ranked 167 of the Top 500 Vietnamese Largest Private (non-state owned) Enterprises, also known as VNR500. The VNR500 report was conducted and composed by VietnamNet and Vietnam Report under the consultancy of Professor John Quelch, a former senior associate dean at Harvard Business School.
VNR500 is the equivalent to the US’s Fortune 500 model, rated and ranked 10,000 Vietnamese enterprises based on revenues ending December 31, 2008. The selected companies are state-owned, foreign, or non-state owned entities with at least 1000bil VND and 450bil VND in revenue, state-owned and non-state owned, respectively.
In this third edition, Vietnam Report collected companies’ information from variety of media sources and independently valuated the companies according to revenues, assets, profits before taxes and number of employees.
Mr. Hai Thanh Tran, chairman of Cavico Vietnam, said, “We are pleased that Cavico Vietnam was recognized in VNR500’s third annual list of Vietnam’s largest non-state owned companies. This recognition is a tribute to our employees and the quality of service provided to our customers.”
