Vingroup has fallen 28 places to 410th in this year's global ranking of top 750 family businesses, but remains the only Vietnamese representative in the list. -
The conglomerate, which has a 62.1 percent family shareholding, generated revenues of $5.6 billion in 2019 and employed 51,100 employees, according to the latest report from Family Capital, a U.K.-based online publishing company dedicated to the global family enterprise sector, in cooperation with consulting firm PricewaterhouseCoopers (PwC).
The 100 largest family businesses contribute about 25 percent of the country's GDP, Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), said recently.
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