On Feb 28th, Vietnam Report officially announced the Fast500 – Top 500 fastest growing enterprises of Vietnam in 2017. FPT Software was placed 1st the in the list. 

FAST500-logoMr. Hoang Nam Tien, FPT Software Chairman shared: “The popular structure of Vietnamese company follows pyramid model, on top is the boss, beyond are high-level leaders, mid-level leaders, etc. Companies with complicated structure will never develop as fast as less complicated ones for the connection between boss and employees are not as transparent and have to go through many layers. One of the first criteria for a fast growth company is simple structure. The flatter company structure is and the closer employees and leaders is, the better it is for the company’s growth”.

The ranking of enterprises in Fast500 is based on Compound Annual Growth Rate (CAGR) in revenue and business efficiency. Besides, other criteria such as net asset value, total number of employees, after-tax profit, and company reputation on media are also used as supporting factors to determine the size and position of an enterprise in their domain. Full list of the FAST500 at http://fast500.vn/

On the coming April 14th, FPT Software together with leaders of fastest growing enterprises of Vietnam and experts in and out of the country will join the Announcement Ceremony of FAST500 held at the National Conference center, Hanoi. This activity is to recognize efforts and achievements of Vietnamese enterprises during the period 2012-2016 which is held by Vietnam Report – organizer of Fast500 – and Vietnamnet – Ministry of Information and Communication.