Vietnam Airlines Corporation (Vietnam Airlines) has been named one of 10 best companies on the Top 50 Vietnam: The Best in 2018 list for the third consecutive year (Photo: VNA) Hanoi (VNA) – Vietnam Airlines Corporation (Vietnam Airlines) has been named one of 10best companies on the Top 50 Vietnam: The Best in 2018 list for thethird consecutive year.
This was revealed at the recent announcement of theVietnam Top 500 largest enterprises (VNR500) in 2018.
The firm also ranked first among the year’s top 10 most prestigious transport and logistics companies.
Last year, the total consolidated revenue of the corporation wasestimated at 102 trillion VND, marking a record pre-tax consolidatedprofit of nearly 2.8 trillion VND, up 15 percent compared with the plan set forthe year.
Vietnam Airline’s financial indicators had also improved. Its operating profitmargin reached 4.38 percent, while its debt/equity (D/E) ratio fell below three, lower than the ratio at the beginningof 2018.
The firm safely conducted nearly 142,000 flights carrying 22 million passengersand nearly 350,000 tonnes of cargo in 2018. Its on-time performance(OTP) rate was 90 percent, higher than that set for the year.
Notably, Vietnam Airlines also paid attention to social activities, includingoffering support for disadvantaged people and flood victims, and presenting airtickets to excellent students.
The ranking has affirmed Vietnam Airlines’ key role in the country’s aviationindustry, as well as its efforts to become an internationally recognisedairline for the region.
To feature in the list of Top 50, an enterprise has to be named for threeconsecutive years in the VNR500 ranking in terms of revenue. Criteria such asgood capital use, efficiency, stable profit growth potential, and good socialand community responsibility are also used for referencing and evaluating.
VNR500 isbased on the Fortune 500 model, which lists the top 500 US companies by revenueof the previous year. In Vietnam, the ranking of the 500 largestenterprises is based on the results of independent research and evaluation asper international standards of the Vietnam Report Company, and has beenannounced annually since 2007.
The VNR500rankings give people an idea of Vietnamese businesses and let the localbusiness community recognise its position in the context of global integration,business strategy, and corporate governance. Based on this reality, enterprisescan set up plans to reach out to large businesses in the region and around theworld. –VNA
This was revealed at the recent announcement of theVietnam Top 500 largest enterprises (VNR500) in 2018.
The firm also ranked first among the year’s top 10 most prestigious transport and logistics companies.
Last year, the total consolidated revenue of the corporation wasestimated at 102 trillion VND, marking a record pre-tax consolidatedprofit of nearly 2.8 trillion VND, up 15 percent compared with the plan set forthe year.
Vietnam Airline’s financial indicators had also improved. Its operating profitmargin reached 4.38 percent, while its debt/equity (D/E) ratio fell below three, lower than the ratio at the beginningof 2018.
The firm safely conducted nearly 142,000 flights carrying 22 million passengersand nearly 350,000 tonnes of cargo in 2018. Its on-time performance(OTP) rate was 90 percent, higher than that set for the year.
Notably, Vietnam Airlines also paid attention to social activities, includingoffering support for disadvantaged people and flood victims, and presenting airtickets to excellent students.
The ranking has affirmed Vietnam Airlines’ key role in the country’s aviationindustry, as well as its efforts to become an internationally recognisedairline for the region.
To feature in the list of Top 50, an enterprise has to be named for threeconsecutive years in the VNR500 ranking in terms of revenue. Criteria such asgood capital use, efficiency, stable profit growth potential, and good socialand community responsibility are also used for referencing and evaluating.
VNR500 isbased on the Fortune 500 model, which lists the top 500 US companies by revenueof the previous year. In Vietnam, the ranking of the 500 largestenterprises is based on the results of independent research and evaluation asper international standards of the Vietnam Report Company, and has beenannounced annually since 2007.
The VNR500rankings give people an idea of Vietnamese businesses and let the localbusiness community recognise its position in the context of global integration,business strategy, and corporate governance. Based on this reality, enterprisescan set up plans to reach out to large businesses in the region and around theworld. –VNA
VNA
