China has four Top Ten companies on Forbes Global 2000

[Martian2]

A Vietnamese (EastWind) pointed out to me that Vietnam can manufacture its own buses now. He thinks Vietnam is catching up to China.

The interesting question is whether Vietnam is making progress in catching up to China.

Let's look at the enormity of the challenge. China has four companies in the Top Ten on the Forbes Global 2000. China's largest-public-company ICBC bank has sales of $151 billion, which is pretty close to Vietnam's nominal GDP of $201 billion.

China has plenty of large public companies and they span the entire spectrum on the Forbes Global 2000.

In contrast, Vietnam (see the very bottom of this post) has four little companies on the Forbes Global 2000. The largest Vietnamese public company, Vietin Bank, is listed at #1633 with sales of $2.7 billion.

China's largest public companies are like dinosaurs (T-Rex, Triceratops, etc.). Dinosaurs ruled the Earth for 100 million years. As long as dinosaurs existed, mammals remained as mouse-size creatures. Dinosaurs were at the top of the food chain and they dominated smaller creatures.

Similarly, China's largest public companies are like dinosaurs. They dominate the economic landscape. Only the United States has dinosaurs of equal size and numbers. Vietnam has four little hatchlings that will probably always inhabit the bottom depths of the Forbes Global 2000.

Now that Vietnam can manufacture a bus, is Vietnam catching up to China? I think the answer is clearly "no." The problem is much larger than that. China isn't just a bus-manufacturing country. China manufactures CNC machine tools, supercomputers, billion-dollar offshore oil drilling platforms, advanced communication satellites, LEO (low earth orbit) and GEO (geostationary earth orbit) rocket launches, nuclear power plants, mile-long dams, stealth fighters, nuclear submarines, ARJ-21 and C919 passenger jets, LNG ship carriers, bullet trains that travel at 350 km/hr, industrial robots, genetically modified crops, etc.

In conclusion, unless there is a cataclysmic "reset" event, Vietnam will always live in the long economic shadows of Chinese Megasaur public companies.
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The World’s Biggest Public Companies (China) | Forbes Global 2000 (2017 edition)

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The World’s Biggest Public Companies (Vietnam) | Forbes Global 2000 (2017 edition)

 

[hirobo2]

The motto is "work smart not hard." Anyone country can grind long hours. That alone does not mean they will catch up to China in X number of years.

 

[Jlaw]

A Vietnamese (EastWind) pointed out to me that Vietnam can manufacture its own buses now. He thinks Vietnam is catching up to China.

The interesting question is whether Vietnam is making progress in catching up to China.

Let's look at the enormity of the challenge. China has four companies in the Top Ten on the Forbes Global 2000. China's largest-public-company ICBC bank has sales of $151 billion, which is pretty close to Vietnam's nominal GDP of $201 billion.

China has plenty of large public companies and they span the entire spectrum on the Forbes Global 2000.

In contrast, Vietnam (see the very bottom of this post) has four little companies on the Forbes Global 2000. The largest Vietnamese public company, Vietin Bank, is listed at #1633 with sales of $2.7 billion.

China's largest public companies are like dinosaurs (T-Rex, Triceratops, etc.). Dinosaurs ruled the Earth for 100 million years. As long as dinosaurs existed, mammals remained as mouse-size creatures. Dinosaurs were at the top of the food chain and they dominated smaller creatures.

Similarly, China's largest public companies are like dinosaurs. They dominate the economic landscape. Only the United States has dinosaurs of equal size and numbers. Vietnam has four little hatchlings that will probably always inhabit the bottom depths of the Forbes Global 2000.

Now that Vietnam can manufacture a bus, is Vietnam catching up to China? I think the answer is clearly "no." The problem is much larger than that. China isn't just a bus-manufacturing country. China manufactures CNC machine tools, supercomputers, billion-dollar offshore oil drilling platforms, advanced communication satellites, LEO (low earth orbit) and GEO (geostationary earth orbit) rocket launches, nuclear power plants, mile-long dams, stealth fighters, nuclear submarines, ARJ-21 and C919 passenger jets, LNG ship carriers, bullet trains that travel at 350 km/hr, industrial robots, genetically modified crops, etc.

In conclusion, unless there is a cataclysmic "reset" event, Vietnam will always live in the long economic shadows of Chinese Megasaur public companies.
----------

The World’s Biggest Public Companies (China) | Forbes Global 2000 (2017 edition)

----------

The World’s Biggest Public Companies (Vietnam) | Forbes Global 2000 (2017 edition)

Vietnamese who live in the west can talk all they want. The reality is China can make or break Vietnam. That's the bottom line.

A Vietnamese (EastWind) pointed out to me that Vietnam can manufacture its own buses now. He thinks Vietnam is catching up to China.

The interesting question is whether Vietnam is making progress in catching up to China.

Let's look at the enormity of the challenge. China has four companies in the Top Ten on the Forbes Global 2000. China's largest-public-company ICBC bank has sales of $151 billion, which is pretty close to Vietnam's nominal GDP of $201 billion.

China has plenty of large public companies and they span the entire spectrum on the Forbes Global 2000.

In contrast, Vietnam (see the very bottom of this post) has four little companies on the Forbes Global 2000. The largest Vietnamese public company, Vietin Bank, is listed at #1633 with sales of $2.7 billion.

China's largest public companies are like dinosaurs (T-Rex, Triceratops, etc.). Dinosaurs ruled the Earth for 100 million years. As long as dinosaurs existed, mammals remained as mouse-size creatures. Dinosaurs were at the top of the food chain and they dominated smaller creatures.

Similarly, China's largest public companies are like dinosaurs. They dominate the economic landscape. Only the United States has dinosaurs of equal size and numbers. Vietnam has four little hatchlings that will probably always inhabit the bottom depths of the Forbes Global 2000.

Now that Vietnam can manufacture a bus, is Vietnam catching up to China? I think the answer is clearly "no." The problem is much larger than that. China isn't just a bus-manufacturing country. China manufactures CNC machine tools, supercomputers, billion-dollar offshore oil drilling platforms, advanced communication satellites, LEO (low earth orbit) and GEO (geostationary earth orbit) rocket launches, nuclear power plants, mile-long dams, stealth fighters, nuclear submarines, ARJ-21 and C919 passenger jets, LNG ship carriers, bullet trains that travel at 350 km/hr, industrial robots, genetically modified crops, etc.

In conclusion, unless there is a cataclysmic "reset" event, Vietnam will always live in the long economic shadows of Chinese Megasaur public companies.
----------

The World’s Biggest Public Companies (China) | Forbes Global 2000 (2017 edition)

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The World’s Biggest Public Companies (Vietnam) | Forbes Global 2000 (2017 edition)

Boasting is a Vietnamese trait. That doesn't change reality. The Vietnamese in Canada primarily live close to ghetto areas but will boast to their country men they are wealthy. Better to troll them.

 

[AndrewJin]

Vietnamese who live in the west can talk all they want. The reality is China can make or break Vietnam. That's the bottom line.

Boasting is a Vietnamese trait. That doesn't change reality. The Vietnamese in Canada primarily live close to ghetto areas but will boast to their country men they are wealthy. Better to troll them.

I do not know they are the SP2012 in ASEAN.

 

[Three_Kingdoms]

Vietnamese who live in the west can talk all they want. The reality is China can make or break Vietnam. That's the bottom line.

Boasting is a Vietnamese trait. That doesn't change reality. The Vietnamese in Canada primarily live close to ghetto areas but will boast to their country men they are wealthy. Better to troll them.

Take it easy. Some Vietnamese are not the same ( hostile to Chinese ). Such as our friend @AViet on PDF.

People who work in the local (Greater China) entertainment industry who have their Viet heritages:

Movie director: Hark Tsui

Christy Chung - atress

Le Hoai-nam
Second Violin Principal
HK Sinfonietta

 

[Martian2]

China's Hidden "Heavies" Corporations

For technical reasons, China has eight very large corporations that are not listed on the Forbes Global 2000 list.

Huawei is a private company and not eligible for the Forbes Global 2000 list of the world's two-thousand largest public companies. For 2016, Huawei had sales of $75 billion. In case you're counting, Huawei's sales are equal to one-third of Vietnam's nominal GDP.

In the Forbes article below, there is a list of seven large Chinese SOE (state-owned enterprise) corporations that do not have listed shares.

1. China Southern Power Grid Co., "$96.5 billion in assets"
2. China North Industries Corp. (Norinco)
3. China National Gold Group Corp., "The only state-owned enterprise in China’s gold industry...."
4. China National Nuclear Corp.
5. China National Cereals, Oils and Foodstuffs Corp. (Cofco), "$30.7 billion in revenue"
6. Bright Foods (Group) Co., Ltd., "annual revenue approximates $14 billion"
7. Greenland Holding Group Co., "Last year the company’s assets were worth $60.7 billion; profits were up 11%."

According to Jane's, NORINCO had annual sales of $58.5 billion.

All eight of these Chinese companies are enormous and they were excluded from the Forbes Global 2000 list. The point I'm trying to make is that the Forbes Global 2000 list is incomplete when it comes to China. Huawei ($75 billion in sales), NORINCO ($58.5 billion in sales), and others are missing from the Forbes list.
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Huawei sales up 32 percent in 2016 | Xinhua (March 31, 2017)

"SHENZHEN, March 31 (Xinhua) -- China's technology firm Huawei said Friday that its 2016 sales had increased by 32 percent year on year to more than 521 billion yuan (75 billion U.S. dollars)."

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China's Hidden Heavies Behind Global 2000 | Forbes (May 28, 2015)

"But many other Chinese SOEs stand in the forefront of the country’s political and economic priorities and are not included in the Global 2000 because none of their shares are listed. They are the 'hidden heavies' in China’s economic scenes."

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NORINCO announces growth in turnover and profits | Jane's (January 17, 2017)

"The NORINCO Group said that annual turnover was CNY403.8 billion (USD58.5 billion) and that net profit was CNY13.5 billion."