The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has entered Vietnam’s 50 best listed companies in 2019 by Forbes Magazine for the seven consecutive years.
Honoured companies this year were rated on the basis of compound annual growth, profit, return on equity, earnings per share growth between 2013 and 2018 among others.
This year's list includes leading companies on the HCM Stock Exchange and Hanoi Stock Exchange such as dairy firm Vietnamilk, beer maker Sabeco and IT giant FPT Corp.
According to Forbes, the companies have recorded a combined total post-tax profit of nearly 5.6 billion USD, a year-on-year increase of over 19 percent. The total capitalisation of the enterprises reached 94 billion USD, accounting for 63 percent of the total market capitalisation on the two bourses as of mid-May.
For three consecutive years, Vinamilk led the market in terms of profitability, but this time Vietcombank surpassed the dairy giant, becoming the champion in after-tax profit with the growth rate of 60 percent.-VNA
