On August 21, 2025, Vietnam Report Joint Stock Company officially announced the Top 30 Vietnam Strategic Investment Groups in 2025 (ALPHA30). TTC Group is one of the 30 Vietnam Strategic Investment Groups in 2025 - not only leading in scale but also playing a pioneering role in shaping a new growth model, raising corporate governance standards and creating sustainable value.
ALPHA30: From “Alpha 1.0” to “Alpha 2.0 - Creation Capacity”
In the investment field, “Alpha” (α) is known as a measure of outstanding profitability. However, in the context of fierce competition and constantly changing technology, this measure is no longer enough to measure the stature of a strategic corporation. Therefore, Vietnam Report introduces the concept of “Alpha 2.0 - Creation Capacity”, a comprehensive combination of core competencies: investment efficiency, sustainable management, resilience to fluctuations and the ability to create ecosystems.
If Alpha 1.0 is the result, Alpha 2.0 is the ability to create results sustainably - transforming businesses from the role of benefiting from the market to shaping the market. The core value of the ALPHA30 Ranking is to honor the “corporate architects”: pioneers in applying the Holding model, managing complex investment portfolios, leading capital flows into strategic areas such as high technology, green energy, etc.
The ALPHA30 methodology is built on a 3-pillar analytical framework - including Investment and financial efficiency, Governance and resilience, Influence and leadership capacity - with the consultation of domestic and foreign experts, ensuring the objectivity and depth of the ranking. Thanks to that, the ranking not only reflects the results, but also identifies businesses that represent the pioneering force - leading in scale, playing a role in shaping a new growth model, raising governance standards and creating sustainable value for the Vietnamese economy.
These are businesses that are capable of building a self-reliant and closed "value cycle", a powerful financial - industrial alliance, a strategic consolidation model, an extraordinary resilience to return to the race, or a master of brand communication...
The superior power of ALPHA30
In terms of scale, ALPHA30 owns total assets of nearly VND 2.43 trillion, employs nearly 540 thousand workers, and generates total revenue of more than VND 1.1 trillion, equivalent to about 9.5% of Vietnam's nominal GDP in 2024. In particular, the average total asset size of each ALPHA30 enterprise reaches about VND 81,022 billion in assets, 3.6 times the average size of the group of enterprises approaching, affirming the outstanding position and stature of the 30 corporations on the list.
In terms of financial efficiency, although the compound annual growth rate (CAGR) of revenue in the period 2020 - 2024 of the ALPHA30 group is at 11.6%, lower than the nominal GDP growth (16.3%), this implies a story of maturity and drastic restructuring. Many corporations have proactively divested from large-scale but low-margin businesses to focus on areas with higher growth quality in the future.
The average ROE of ALPHA30 in the last 3 years reached 9.5%, significantly higher than the 5.5% of the asymptotes group, showing the ability to effectively optimize equity. Meanwhile, the average ROA of ALPHA30 in the last 3 years was 4.7%, lower than the 4.8% of the asymptotes group, reflecting the characteristics of long-term, large-scale investments aimed at strategic projects.
However, behind the impressive growth picture, there are still systemic challenges such as: The legal framework has not kept up with complex business practices; The lack of transparency and limited management capacity reduces the confidence of investors; The fierce competition to attract and retain talent...
After three decades of development thanks to the advantage of cheap labor, attracting FDI for processing and resource exploitation, this growth model is gradually revealing its limits. The challenge of productivity, fierce competition in the region and the need to move up the value chain require Vietnam to seek new growth drivers - higher quality, more sustainable and more self-reliant.
ALPHA30: New standard for Vietnamese enterprises
The measure of corporate greatness in the new era has changed. From “scoring” results, the approach has shifted to measuring the ability to create sustainable results - that is Alpha 2.0. The businesses honored in the ALPHA30 list are organizations that play a core role, have the ability to create a resonant ecosystem, master the art of capital allocation and rotation, bravely restructure during a crisis and have a unified vision to raise industry standards.
As the global context is constantly changing, leaders of leading corporations must always adapt, innovate and demonstrate resilience. Not simply operators, the portrait of the new generation of leaders must be “corporate architects” with the ability to master and innovate. ALPHA30 is designed as a strategic map to help the business community and investors identify, learn and forecast towards the standard of "Alpha 2.0 - Creative capacity" in the new development stage of the economy. Therefore, ALPHA30 will continue to be an open playground, encouraging new values to be raised, more sustainable and standardized according to international practices.
The announcement ceremony of the Top 30 Strategic Investment Groups in Vietnam in 2025 will be solemnly held by Vietnam Report and VietNamNet Newspaper for the first time in October 2025 in Hanoi, within the framework of the ceremony to honor the Top 500 Most Profitable Enterprises in Vietnam & Top 10 Prestigious Companies in Key Economic Sectors.
Source: TTC and Vietnam Report