Top 50 public companies ranking released

Vietnam Report JSC has announced its 2024 list of the top 50 most prestigious public companies (VIX50), with some significant changes.
Top 50 public companies ranking released
A view of Vietcombank Tower in HCM City. Vietcombank continues to lead the Top 50 prestigious and effective public companies in 2024 (VIX50). — Photo Vietcombank

Vietnam Report JSC has announced its ranking for the top 50 most prestigious and effective public companies in 2024 (VIX50), which has undergone some significant changes compared to 2023.

The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) still hold the top spot in the ranking. Banking companies took seven out of the top 10 places on the list and 13 out of the top 50 rankings overall.

Three well-known enterprises, Đức Giang Chemicals Group JSC, Vietnam International Commercial Joint Stock Bank (VIB) and Petrovietnam Fertiliser and Chemicals Corporation (DPM) fell out of the Top 10, making room for Việt Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank); Bank for Investment and Development of Việt Nam (BIDV); and Gemadept Corporation. Both Vietinbank and BIDV are in the big four along with Vietcombank, meaning that three of the big four banks are ranked in the top 10.

Việt Nam's stock market fluctuated in 2023, but began to recover in the last two months of the year and continued on an upward trend at the start of 2024. After five consecutive months of growth, the VN-Index peaked at 1,290 points at the end of March and established a liquidity level exceeding VNĐ30 trillion. By the end of April, the market recovered after a strong correction in the first half of the month.

According to Vietnam Report's survey of public enterprises, 2024 will be a 'battle zone' between market adjustments and recovery. The stock market still depends on many variables such as the Fed's monetary policy, system liquidity and the corporate bond market, foreign investment flows, exchange rate fluctuations and gold prices.

The State Securities Commission has implemented solutions to upgrade the securities market, including improving the legal system, transparency and market professionalisation, helping to attract more foreign investment capital and enhancing the position of Việt Nam's stock market. Securities market upgrades could have the most positive impact on the country's economic development.

The VIX50 ranking is the result of objective scientific research by Vietnam Report, based on the media coding method — analysing press data in the media combined with market research.

According to Vietnam Report's media coding analysis, from April 2023 to March 2024, the five topics appearing most often in the media relating to public enterprises remain the same as last year. These include stocks, financial/business results, image/PR/scandals, product and administration.

Vietnam Report's survey also pointed out five industries with many potential stocks based on four main criteria: business results, reasonable valuation, ability to attract cash flow and advantages from macro factors like banking, information technology, retail, real estate, oil and gas.

Enterprises are rated as 'safe' in terms of information quality in communications by comparing the ratio of positive to negative information compared to the total amount of encrypted information. A 'safe' rating starts at 10 per cent, while the 'best' threshold is over 20 per cent. This year, Vietnam Report's research reported that 62.7 per cent of enterprises reached the 'safe' threshold and 48.2 per cent of enterprises reached the 'best' threshold.

Source: VNA
vietnamnews.vn

Related News

Latest News

Cashew exports are struggling because of being on passive in raw material sources

Cashew exports are struggling because of being on passive in raw material sources

VCN - For each container of exported cashew kernels, enterprises lose hundreds of millions of dong when they have to import raw materials at high prices, while export prices are not adjusted to increase accordingly.
Quang Ninh strives to become northern region’s marine aquaculture hub

Quang Ninh strives to become northern region’s marine aquaculture hub

The northeastern province of Quang Ninh aims to become a fisheries hub in the northern region by 2030.
Bac Giang lychees promoted in Thailand

Bac Giang lychees promoted in Thailand

Fresh lychees from Luc Ngan district, the northern province of Bac Giang, continue to be sold at the supermarket chain of Gourmet Market and shopping malls belonging to Thailand’s The Mall Group this year.
Quảng Ninh posts fourth fastest growth in Red River Delta

Quảng Ninh posts fourth fastest growth in Red River Delta

The gross regional domestic product (GRDP) in the northern province of Quảng Ninh expanded at an estimated 9.02% year on year during the first half of 2024, ranking fourth in the Red River Delta and eighth nationwide.

More News

New decree to set stage for innovative start-up economy

New decree to set stage for innovative start-up economy

The development of a separate decree on innovation and innovative start-ups is underway with an aim to leverage innovative start-up firms to a new height.
Early US recognition of market economy to increase opportunities for Vietnamese exports

Early US recognition of market economy to increase opportunities for Vietnamese exports

The US's recognition of the market economy in Vietnam will help expand business opportunities for Vietnamese enterprises and pave the way for Vietnamese exports to this market, according to experts.
Industrial production grew on a large scale

Industrial production grew on a large scale

VCN - 55 localities had an increase in the index of industrial production (IIP) compared to the same period last year, only 8 localities had a decrease in IIP compared to the same period last year.
More export opportunities from the Chinese market

More export opportunities from the Chinese market

VCN – Besides 12 fruit and vegetable items; bird's nest, fish meal and some products for the production and processing of animal feed, dairy and seafood products that have been officially exported to China, fresh coconuts, frozen durian, crocodiles, poultry... are expected be officially exported to the Chinese market in the near future.
Việt Nam

Việt Nam's cinnamon exports hits over $96.3 million in five months

Farmers have been continuously working on new techniques to improve the quality and productivity of cinnamon trees.
Việt Nam facilitates the establishment of free trade zones

Việt Nam facilitates the establishment of free trade zones

Earlier, the State has proposed allowing Đà Nẵng City to pilot the establishment of a Đà Nẵng Free Trade Zone connected to the Liên Chiều Seaport. The goal is to implement experimental policies and mechanisms to attract investment to the area.
Digital technology promotes green transformation at businesses

Digital technology promotes green transformation at businesses

VCN - Under pressure from the market, green and digital transformation are placing considerable pressure on businesses. This is also a hot topic discussed and analyzed at the International Forum on Creative Business - IIBF 2024, which just opened on the morning of June 12 in Ho Chi Minh City.
Vietnam’s fishery export likely to reach 4.4 billion USD in H1

Vietnam’s fishery export likely to reach 4.4 billion USD in H1

Vietnam’s export of fishery products is expected to reach 4.4 billion USD during January-June, a year-on-year increase of 6%, despite such formidable challenges as extreme weather conditions and competitive pressure regarding export prices, high input costs and shortage of materials, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Shifts in investment flows for export-oriented industries

Shifts in investment flows for export-oriented industries

The country's textile, garment and footwear industries have long relied on imported raw materials, causing a current trend of foreign enterprises shifting industries to other countries, said insiders.
Read More

Your care

Latest Most read
Cashew exports are struggling because of being on passive in raw material sources

Cashew exports are struggling because of being on passive in raw material sources

For each container of exported cashew kernels, enterprises lose hundreds of millions of dong when they have to import raw materials at high prices, while export prices are not adjusted to increase accordingly.
Quang Ninh strives to become northern region’s marine aquaculture hub

Quang Ninh strives to become northern region’s marine aquaculture hub

The northeastern province of Quang Ninh aims to become a fisheries hub in the northern region by 2030.
Bac Giang lychees promoted in Thailand

Bac Giang lychees promoted in Thailand

Fresh lychees from Luc Ngan district, the northern province of Bac Giang, continue to be sold at the supermarket chain of Gourmet Market and shopping malls belonging to Thailand’s The Mall Group this year.
Quảng Ninh posts fourth fastest growth in Red River Delta

Quảng Ninh posts fourth fastest growth in Red River Delta

The gross regional domestic product (GRDP) in the northern province of Quảng Ninh expanded at an estimated 9.02% year on year during the first half of 2024, ranking fourth in the Red River Delta and eighth nationwide.
New decree to set stage for innovative start-up economy

New decree to set stage for innovative start-up economy

The development of a separate decree on innovation and innovative start-ups is underway with an aim to leverage innovative start-up firms to a new height.
Mobile Version