Dairy giant Vinamilk maintains its top position in the list of 40 most valuable brands in 2018 of Forbes Vietnam (Photo: VNA)

 

HCM City (VNA) – Forbes Vietnam held a ceremony on August 23 to honour the 40 most valuable brands in Vietnam in 2018.

The total value of those companies is estimated at nearly 8.1 billion USD, an increase of about 50 percent compared to the 2017 list. The surge is attributed to the robust growth of Vietnam’s stock market, which drives up the average price-earnings ratio in most sectors.

Consumer good businesses still dominate this year’s list, meanwhile those in the finance-banking sector narrow the gap as more commercial banks list their shares on the stock market.

Dairy giant Vinamilk maintains its top position in the list, with an estimated brand value of 2.28 billion USD, much higher than the 1.7 billion USD last year. The company is followed by military-run telecom firm Viettel with 1.39 billion USD.

State-owned Vietnam Posts and Telecommunications Group (VNPT) takes over third position from Vingroup, Vietnam's largest real estate company. With a value of 416 million USD, VNPT gets its name in the list for the first time.

The other brands in the top ten are the country’s biggest brewery Sabeco (393 million USD), Vinhomes, the residential property arm of Vingroup (384 million USD), Vinaphone, one of Vietnam’s big three mobile operators and belonging to VNPT (308 million USD), Vingroup (307.2 million USD), food and beverage producer Masan Consumer (238 million USD), Vietcombank (177.9 million USD), and tech giant FPT (169 million USD).

Vinhomes and Vinaphone are also newcomers in the list.

Forbes compiled the list by looking at brands' incomes before and after tax based on their financial reports and data on the stock market.-VNA