Fortune magazine has released its first-ever Southeast Asia 500 list, which includes the Masan Group Corporation (MSN) among the top companies in the region. Masan Group, a conglomerate operating in various sectors including retail, consumer goods manufacturing, livestock processing, telecommunications, and mining, reported revenues exceeding $3.2 billion last year. The company has received positive reviews from financial institutions like J.P. Morgan and HSBC and has attracted foreign capital, including a recent $250 million equity investment from Bain Capital. Masan Group's stock is listed on the HCM City Stock Exchange. Additionally, the company is recognized for its commitment to environmental, social, and governance (ESG) initiatives [a898c3ec].
The Fortune Southeast Asia 500 list features companies from seven Southeast Asian countries, with Indonesia leading the list. The top 10 companies on the list reported a combined revenue of $650 billion. The energy sector had the highest revenues. Overall, the revenues and profits of companies on the list contracted in 2023. Fortune assesses corporate performance through stringent benchmarks and ensures companies' accountability across regions worldwide [a898c3ec].