As many as 10 Vietnamese companies have been named in Forbes Asia’s Best Under a Billion (BUB) list this year, two more than 2012.

The BUB list, announced on August 1, includes 200 best companies out of 15,000 small-and medium-sized ones in Asia-Pacific with revenues ranging from 5 million USD to 1 billion USD.

The annual list is also based on such criteria as rising financial performance, sufficiently broad and private share ownership, reasonable debt levels and profitability.

The ten Vietnamese SMEs chosen for Forbes Asia 2013 list include the Binh Dinh Minerals Joint Stock Company, Dinh Vu Port Investment and Development Joint Stock Company, Education Book Joint Stock Company in Hanoi, National Seed Joint Stock Company, Ninh Hoa Sugar Joint Stock Company, Pan Pacific Corporation, Sea and Air Freight International Joint Stock Company (SAFI), Vegetable Oil Packing Joint Stock Company (VMPACK), Vietnam Container Shipping Joint Stock Company, and Southern Seed Joint Stock Company.

Companies from mainland China and Hong Kong continued to dominate in the rankings with 63 SMEs being put in the list and followed by India with 19, Japan with 17, Malaysia with 12, Vietnam with 10, Thailand with eight and Singapore with seven.-VNA