Vietnam's 50 best-performing companies are honoured.(Photo: VNA)

HCM City (VNA) – The list of Vietnam’s 50 best-performing companies (Top 50) was announced by the Nhip Cau Dau Tu (Investment Bridge) magazine and Thien Viet Secutities Joint Stock Company in Ho Chi Minh City on June 27.

The ranking was developed in line with international standard measure. It took counsel from many economists and business experts from Thien Viet JSC, Vietnam Investment Group, Vietnam Capital Partners, business experts from Harvard Business School and many prestigious organisations.

All of the honoured firms must be listed on the Hanoi Stock Exchange and Ho Chi Minh Stock Exchange, have market capitalisation from 1.5 trillion VND (64.4 million USD). Besides, they must gain at least 250 billion VND in revenue, and 25 billion or more in net profit in three consecutive years.

Remarkable companies on the list are The Gioi Di Dong (Mobile World) JSC, Hoa Binh Construction Group JSC, Vietjet Aviation JSC, Phu Nhuan Jewellry JSC, and Hoa Phat Group. They all gained impressive revenue, and net profit.

The Top 50 this year also honoured 17 outstanding firms with market capitalisation worth over 1 billion USD, including Vingroup, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Dairy Products Joint Stock Company (Vinamilk), Saigon Beer Alcohol Beverage Corporation (Sabeco), Vietjet Aviation Joint Stock Company, Masan Group and Bao Viet Holdings.

Meanwhile, six businesses were glorified for being on the list for eight executive years, namely Vingroup, Vinamilk, Hoa Phat Group, Binh Minh Plastic Joint Stock Company, Vietnam Container Shipping Corporation and Hau Giang Pharmaceutical Joint Stock Company.

According to Deputy Minister of Industry and Trade Do Thang Hai, the event is especially important, particularly when the Government is encouraging the development of private sector.

The top 50 enterprises have made significant contributions to the nation’s socio-economy while affirming their increasing competitiveness in the market, he added.

The annual ranking has been organised by the Nhip Cau Dau Tu magazine and Thien Viet Securities for eight years. It is designed to evaluate and rank the listed companies with remarkable achievements in their fields of business through key financial indicators and encourage companies to pursue better corporate governance and strategic thinking, and recognise the business leaders who have demonstrated long-term vision and creative thinking.-VNA