Vingroup is one of ASEAN's top 100 companies

Monday, Sep 22, 2014 16:10

Royal City Complex, a high-standard living area in Ha Noi, is one of many real estate projects of Vingroup.

HA NOI (Biz Hub) — Vingroup is listed among the 100 largest publicly-traded companies in the Association of Southeast Asian Nations (ASEAN) in 2014, Standard and Poor's (S&P) said in a report released this month.

Vingroup became the first real estate company in Viet Nam to qualify under criteria set by S&P, including good credit quality, market capitalisation and transparency.

Times City Apartments in Ha Noi.

As of August 22, it was one of Viet Nam's top five companies with the largest listed capital at US$3.4 billion on the Viet Nam stock market, and also one of Viet Nam's highest ranking private companies.

S&P said Vingroup was highly ranked for its capabilities and readiness to respond to financial conditions. Finance Asia magazine, which provides information on Asia's economic trends, also honoured Vingroup as the "Region's Best Borrower in Viet Nam," along with Singapore's DBS, Malaysia's Maybank and Thailand's PTT, in its report on September 18.

Vinhomes Riverside, a villa project by Vingroup.

Vietnam Dairy Products Joint Stock Company (Vinamilk) is also listed as one of ASEAN's top 100 largest publicly-traded companies. — VNS

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