Vietjet Aviation Joint Stock Company (HOSE code: VJC) has been honored by Forbes Magazine as one of Viet Nam’s 50 best listed companies in 2018.

With revenue of over VND42.3 trillion (US$1.86 billion) in 2017, and market capitalisation of VND88.9 trillion ($3.9 billion), Vietjet was listed by Forbes for the second year in a row.

The 50 companies honored by Forbes this year were evaluated for industry categories, rated on the basis of compound annual growth rate, profit, return on equity, earnings per share growth for the period of 2013–17, branding, quality of corporate management, source of profit and the prospect of sustainable development.

According to Forbes’ statistics, the 50 best listed companies accounted for 70.8 per cent of total market capitalisation on the HCM and Ha Noi stock exchanges.

After officially listing in February 2017, Vietjet quickly attracted investors’ attention thanks to impressive business results and joined the VN30 index in its first year on the stock exchange.

In 2018, the company forecasts VND50.97 trillion in revenue and over VND5.8 trillion in profit, increases of 20.5 per cent and 10 per cent respectively compared to those of 2017.

Vietjet has been one of the highest dividend payers in the market with 60 per cent in 2017, and is expected to pay dividend at a rate of 50 per cent in 2018.

At the recent Farnborough Airshow 2018 in the UK, Vietjet signed order contracts for 100 Boeing 737MAX and 50 Airbus A321 increasing the total backlog of orders for Boeing to 200 aircraft and 171 for Airbus to serve its plans of expansion and alliance strategies in the region and the world. — VNS