Forbes identifies Viet Nam's top 50 listed companies

Monday, Oct 13, 2014 18:54

People pass by an FPT shop. The FPT Corporation has been named among the best listed firms in Viet Nam by the Forbes Viet Nam Magazine. — Photo

HCM CITY (Biz Hub) ─ Forbes Viet Nam Magazine has named the top 50 companies listed in the country's stock markets, including information technology developer FPT and consumer goods company Masan Group.

Also in the list are property companies Hoang Anh Gia Lai, Vingroup, Fecon and Conteccons, as well as Military Bank, Vietcombank and Saigon Securities Inc. They have joined PetroVietnam Technical Services, PetroVietnam Gas Corporation and Vinamilk in the list as well.

Tran Dang Khoa, the magazine editor-in-chief, said the companies achieved outstanding business results, took leading positions in the domestic stock exchanges and were selected based on Forbes' international criteria.

The companies had a combined market capitalisation value of more than VND741 trillion (US$35.29 billion), accounting for 65 per cent of the value of both the HCM City and Ha Noi stock exchanges at the end of April.

They had an average turnover growth of seven per cent last year, far exceeding the two per cent for all listed companies' growth. Their pre-tax profit growth also averaged 23 per cent, compared with the general average of 15 per cent.

Khoa told a press conference on Monday that the magazine would be organising a ceremony to honour the companies in HCM City this Friday. A round-table talk on challenges facing corporate management will also be held.

The magazine plans to introduce a "30 under 30" list that selects the 30 most successful people under the age of 30 in Viet Nam next year. ─ VNS

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