Illustrative photo (Source: vingroup) Thetop ten this year are: Vinhomes JSC (VHM), Hoa Phat Group (HPG), MasanGroup (MSN), Mobile World Investment Corporation (MWG), Vietnam InternationalCommercial Joint Stock Bank (VIB), Vietcombank (VCB), Duc Giang Chemical Group(DGC), Techcombank (TCB), MBBank (MBB) and Asia Commercial Joint StockBank (ACB).
Allthese companies are traded on the Ho Chi Minh Stock Exchange (HoSE).
VuDuc Vinh, General Director of Vietnam Report, said that last year witnessed aspectacular growth of the country’s stock market with the VN-Index settinga record peak of over 1,500 points, an increase of 35.7 percent year-on-year.The gain was higher than the average growth rate of 15.2 percent in the lastfive years.
Thestock market also recorded many positive changes in quality with the explosionof liquidity, market capitalisation and new investors. The complicateddevelopment of the COVID-19 pandemic that caused serious consequences hasbecome a strong catalyst to direct idle cash flows, thereby expandingthe growth momentum that has appeared since 2020.
Withthe achievements in 2021, it is entirely possible to expect greater growth inthe stock market this year, Vinh emphasised. However, it should be noted thatin the past, when the market rallied for a long time along with the sharpincrease of cash flow from retail investors, there were always manyunpredictable risks.
Expertssaid that due to rising inflation, many countries have tightened monetarypolicies along with the conflict between Russia and Ukraine, but the Vietnameseeconomy is still overcoming difficulties and gradually regaining a positiverecovery momentum. Recent fluctuations in the global market are alsoopportunities for Vietnam to strengthen its internal strength and attractinvestments in the new globalisation trend.
Asa vital capital mobilisation channel for the Government and businesses and anattractive investment channel for investors, the stock market is a centre ofattention. A series of solutions related to market inspection and stabilisationby the Ministry of Finance and the State Securities Commission were carried outto solve many bottlenecks, contributing to the sustainable development of themarket.
Thereport was conducted from an objective, scientific and independent research,based on the selection of qualified companies to rank according to fourindicators - sales, profits, assets, and minimum market capitalisation of 500billion VND (21.6 million USD) as of April 29.
Italso relied on the assessment of investors, the market and experts withcriteria such as size, efficiency and business prospects, the compound growthrate of revenue and profit, and corporate media reputation.
Thereport collaborated with groups of financial and economic experts to makeadditional assessments of growth potential, sustainable development level,management quality and position in the industry of each public enterprise./.
VNA
