Five retail companies operating in Vietnam have been chosen among 500 best-performing retailers in Asia Pacific in 2014, according to an announcement by Singapore-based Retail Asia Publishing Pte Ltd and Euromonitor (Asia) Pte Ltd.

The Retail Asia Top 500 Retailers Ranking was announced on June 22 in Retail Asia, a monthly trade magazine for the retail and supply chain industry in the region.

The ranking, based on the retailers’ revenues in 2013, included Saigon Union of Trading Cooperatives (Saigon Co.op) (US$1.1 billion), Big C under French-based Casino Guichard Perrachon SA ($534 million), Nguyen Kim Trading Joint Stock Co ($490 million), Saigon Jewelry Co ($487 million), and Mobile World Joint Stock Co ($395 million).

Among the five, Nguyen Kim is the only Vietnamese retailer that has been on the list for five consecutive years (2007-2011).

The ranking, which also named the top 10 retailers in each of the 14 economies in Asia Pacific, took into account many variables such as total sales in local currency and U.S. dollars, the number of outlets, retail sales areas, and sales productivity per unit area and year on year.

The top 10 retailers of Vietnam are the above five companies and Ho Chi Minh City-based Phu Nhuan Jewelry Joint Stock Co ($255 million), Hanoi-based Pico Joint Stock Co ($156 million), Parkson under Malaysian-owned Lion Group ($133 million), Vien Thong A Import Export Trading Production Corp ($102 million), and Tran Anh Digital World Joint Stock Co ($95 million).

In its eleventh edition, the Retail Asia Top 500 Retailers Ranking honored 500 best-performing retail companies in 14 economies, including Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, the Republic of Korea, Thailand, and Vietnam.

The top three retailers in each of the 14 economies will receive the Gold, Silver and Bronze “Top Retailer” Awards at a ceremony slated for November in Singapore.

The retailers in the ranking had total combined revenue of $1.035 trillion, down nearly three percent from the previous year, due to a weakening yen, according to a press release by Retail Asia Publishing Pte Ltd.

The decline in combined sales was primarily caused by the weakening exchange rate of major Asian currencies against the U.S. dollar, which was the common denominator used for the Top 500 ranking.

Japan still dominates the top 10 positions in the Retail Asia Top 500 Retailers Ranking, but China has officially overtaken Japan with the overall highest number of entries.

China's share of the Top 500 list has continuously grown from 19 percent in 2009 to over 31 percent in the 2014 ranking.

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