At the ceremony (Source: Forbes Vietnam) HCMCity (VNA) – Forbes Vietnam on July 26 organised a ceremony to honourVietnam’s top 50 listed companies in 2018, which account for 70.8percent of total market capitalisation on the HCM and Hanoi stock exchanges.
The 50 listed companies on the two stock exchanges haverecorded a combined total profit of nearly 107 trillion VND (4.75 billion USD),a year-on-year increase of 34 percent.
The firms listed with the highest revenue were the VietnamNational Petroleum Group (Petrolimex) with 153.7 trillion VND (6.6 billionUSD), while Vietnam Dairy Products Joint Stock Company (Vinamilk) tops the listin terms of post-tax profit, posting nearly 10.3 trillion VND (442.9 millionUSD).
Property developer Vingroup is the largest company by marketcapitalisation, according to Forbes Vietnam, with its market valuereaching 15 billion USD on May 15.
“Forbes Vietnam’ssixth list of top companies in Vietnamreflects the movement of the Vietnamese economy and the securities market inthe last year,” said Nguyen Lan Anh, editor of the Forbes Vietnam magazine.
“Positive conditions of the financial markethave increased the number of well-performing banking-securities firms, followedby some other key industries such as real estate, construction materials andlogistics,” she said.
Besides, financial-banking, real estate, retail and consumercompanies account for a large proportion of the market value.
By mid-May, the total market value of the Vietnamese stockmarket reached 168 billion USD, equal to 80 percent of Vietnam’s grossdomestic product (GDP). That excludes the market value of the high-end propertydeveloper Vinhomes, which debuted on the HCM Stock Exchange on May 17 and has amarket value of 13 billion USD.
Forbes Vietnamapplies company ranking methods of Forbes (an American Business Magazine),taking into consideration the characteristics of the businesses listed in Vietnam. Theassessment is based on the financial statements audited for five consecutiveyears from 2013 to 2017. Forbes considered all the listed shares and arrangedthem by each sector group.
The list has been compiled to provideinformation on companies with outstanding business results and high profits forinvestors. Besides this, it is also to honour and encourage the spiritentrepreneurialism.-VNA
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