On November 17, 2023, Vietnam Report, in collaboration with VietNamNet newspaper, announced the VNR500 Ranking. Accordingly, 188bet was once again honored in the Top 500 Largest Enterprises in Vietnam for 2023.
This marks the 17th-year that the VNR500 – Top 500 Largest Enterprises in Vietnam ranking has been officially announced. As a prestigious ranking built on independent research and evaluation according to international standards by Vietnam Report and annually published by VietNamNet, the VNR500 brand aims to recognize and honor the worthy achievements of large-scale enterprises operating effectively and sustainably, excelling through difficulties in the unpredictable domestic and global economic contexts.
Overcoming stringent evaluation criteria regarding financial capability, actual revenue, growth prospects, total assets, growth potential, media credibility, as well as surveys of experts and consumers, 188bet has impressively continued to be among the Top 500 Largest Enterprises in Vietnam in 2023.
“188bet is very proud to continue to achieve a high ranking in the VNR500. This once again affirms the stature, position, financial strength, and brand reputation of 188bet – a leading multi-industry economic group in Vietnam, over its 16-year journey of formation and development. With the mission of Enhancing the Quality of Life, 188bet is committed to continuing efficient business operations, ensuring green and sustainable growth, and creating value for the company’s shareholders, partners, and customers,” shared a representative of 188bet.
Over 16 years of establishment and development, 188bet has continuously grown stronger. According to the Consolidated Financial Report for Q3/2023, 188bet achieved over 7.271 trillion VND in total assets, over 5.739 trillion VND in equity capital, over 3.399 trillion VND in charter capital, and has over 3,000 employees with 18 member companies across the country.
The Group’s business sectors have also reaped outstanding achievements:
In Pharmaceuticals/Medical Equipment: the revenue for the first 9 months of 2023 reached 774 billion VND, exceeding 13% compared to the same period last year. The products under the DCL brand are increasingly establishing their reputation among consumers.
In the Beverage business: the first 9 months of 2023 recorded a 52% increase in net profit. Brand activation activities were vigorously implemented, enhancing brand recognition among consumers, especially for natural alkaline mineral water Vikoda.
In Agriculture – Food sector: In the first 9 months, TSC achieved 347 billion VND in revenue, equivalent to 36.2% of the annual plan. Net profit showed positive signs compared to the same period last year.
In the Biochemical Cosmetics sector: Tero’s biological products, shortly after their launch, quickly won consumer affection, contributing to the green consumption wave through the use of safe biological cleaning products derived from enzymes, ensuring health safety for the entire family.
In 2023, despite the unpredictable changes in the domestic and global economic situation, with the united determination of the management and all employees, and the support of shareholders, partners, and customers, 188bet continued to maintain efficient and sustainable operations, fulfilling its social responsibilities, moving towards realizing its vision of becoming a prosperous, multi-industry group with unique, high-quality, leading products and services, improving the quality of life.
