VIMID is honored among Vietnam’s Top 500 Largest Enterprises 2022 (VNR500) for the first time

The VNR500 Ranking recognizes enterprises that demonstrate outstanding performance in Vietnam’s business community — excelling in revenue scale, capital efficiency, sustainable profit growth, and strong corporate social responsibility.

According to the Audited Financial Report 2021, VIMID recorded net revenue from sales and services of VND 3,202.74 billion, nearly 2.5 times higher than that of 2020 (VND 1,321.85 billion), primarily driven by its automobile trading business.

By the end of Third quarter of 2022, VIMID reported revenue of VND 3.157 trillion, marking a 65.6% growth compared to the same period in 2021. From its humble beginnings with a single representative office, VIMID has, over 12 years, expanded into a nationwide network of 22 branches specializing in medium- and heavy-duty truck distribution and a 3S-standard service station system across Vietnam. With its consistent efforts, VIMID has successfully transitioned from a private joint stock company to a public joint stock company, officially approved for trading on the Hanoi Stock Exchange’s UPCoM platform under the stock code “VVS” since October 7, 2022.

Board of Directors of VIMID celebrating VVS stock’s official listing on UPCOM exchange.

The inclusion of VIMID in the Top 500 Largest Enterprises in Vietnam reaffirms its leading position in the medium- and heavy-duty truck sector, as well as the rightful strategic direction throughout more than a decade of growth and development.

Guided by its mission, vision, youthful spirit, creativity, and unwavering passion, VIMID will continue its efforts in 2023 to fulfill its mission: Provide comprehensive transportation solutions to meet the highest needs of customers and enhance the value of Vietnam’s freight transportation industry. Commit to bringing value and prosperity to customers, shareholders, employees, partners, and actively contribute to the community.