Forbes Vietnam honours top 50 listed firms
At the ceremony (Source: Forbes Vietnam)
The 50 listed companies on the two stock exchanges have recorded a combined total profit of nearly VND107 trillion (US$4.75 billion), a year-on-year increase of 34%.
The firms listed with the highest revenue were the Vietnam National Petroleum Group (Petrolimex) with VND153.7 trillion (US$6.6 billion), while Vietnam Dairy Products Joint Stock Company (Vinamilk) tops the list in terms of post-tax profit, posting nearly VND10.3 trillion (US$442.9 million).
Property developer Vingroup is the largest company by market capitalisation, according to Forbes Vietnam, with its market value reaching US$15 billion on May 15.
“Forbes Vietnam’s sixth list of top companies in Vietnam reflects the movement of the Vietnamese economy and the securities market in the last year,” said Nguyen Lan Anh, editor of the Forbes Vietnam magazine.
“Positive conditions of the financial market have increased the number of well-performing banking-securities firms, followed by some other key industries such as real estate, construction materials and logistics,” she said.
Besides, financial-banking, real estate, retail and consumer companies account for a large proportion of the market value.
By mid-May, the total market value of the Vietnamese stock market reached US$168 billion, equal to 80% of Vietnam’s gross domestic product (GDP). That excludes the market value of the high-end property developer Vinhomes, which debuted on the HCM Stock Exchange on May 17 and has a market value of US$13 billion.
Forbes Vietnam applies company ranking methods of Forbes (an American Business Magazine), taking into consideration the characteristics of the businesses listed in Vietnam. The assessment is based on the financial statements audited for five consecutive years from 2013 to 2017. Forbes considered all the listed shares and arranged them by each sector group.
The list has been compiled to provide information on companies with outstanding business results and high profits for investors. Besides this, it is also to honour and encourage the spirit entrepreneurialism.
Related News
Vietnam is ready to welcome a new wave of investment in the semiconductor industry
16:08 | 15/05/2024 Headlines
Opportunities for Vietnam to participate in the global semiconductor industry value chain
11:34 | 15/05/2024 Import-Export
Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country
14:58 | 10/05/2024 Import-Export
What to do to develop Vietnam's creative economy?
10:06 | 11/05/2024 Headlines
Latest News
The processing and manufacturing industry increased by 6.3% in 4 months
08:48 | 19/05/2024 Import-Export
Corporate profits enter recovery cycle
08:46 | 19/05/2024 Import-Export
Focusing on the "readiness" factor waiting for foreign investors in the high-tech field
20:14 | 18/05/2024 Import-Export
Exploiting the potential of Dong Nai's largest seaport
20:12 | 18/05/2024 Import-Export
More News
Hanoi calls for investments in six urban areas projects
20:11 | 18/05/2024 Import-Export
The food industry aims to green packaging
09:56 | 18/05/2024 Import-Export
"The key" to growth motivation for enterprises
09:55 | 18/05/2024 Import-Export
Exports of four localities achieve tens of billions of USD
20:26 | 17/05/2024 Import-Export
Rapid greening of the logistics sector to avoid being "eliminated"
20:24 | 17/05/2024 Import-Export
25 out of 28 northern localities report positive industrial production
20:22 | 17/05/2024 Import-Export
Dong Nai remains magnet for foreign investors
20:18 | 17/05/2024 Import-Export
Vietnamese steel affirms position in world market
20:16 | 17/05/2024 Import-Export
Five commodities worth billion dollar exported to China
07:40 | 17/05/2024 Import-Export
Your care
The processing and manufacturing industry increased by 6.3% in 4 months
08:48 | 19/05/2024 Import-Export
Corporate profits enter recovery cycle
08:46 | 19/05/2024 Import-Export
Focusing on the "readiness" factor waiting for foreign investors in the high-tech field
20:14 | 18/05/2024 Import-Export
Exploiting the potential of Dong Nai's largest seaport
20:12 | 18/05/2024 Import-Export
Hanoi calls for investments in six urban areas projects
20:11 | 18/05/2024 Import-Export