Forbes announces 100 largest firms in Viet Nam for first time

Tuesday, Dec 31, 2019 08:28

A view of Vingroup's Vincom Centre Landmark 81 in HCM City. —Photo

Forbes Viet Nam has announced a list of the 100 largest public firms in the country for the first time.

Featured on the list are 65 firms registered on the HCM Stock Exchange (HOSE), 23 firms on the Unlisted Public Company Market (UPCOM) and seven firms on the Ha Noi Stock Exchange (HNX).

Fobes Viet Nam evaluated the firms on revenue, profit, total assets and market capitalisation under the Forbes’s global 2000 ranking method.

Set apart from the "50 Best Listed Companies" from the HSX and HNX, the new list includes unlisted firms on the UPCOM.

Vietcombank, BIDV, VietinBank and Vingroup top the rankings.

Five of the top ten are private enterprises: Vingroup, Vinhomes, Hoa Phat, Techcombank and VPBank. Other private firms such as Thaco and Masan also rank high on the list.

The banking sector dominates with 22 firms, including six in the top ten. The oil and gas, real estate and retail sectors follow.

Petrolimex leads revenue with US$8.35 billion, while Vietcombank tops after tax profit with $636 million.

With $57 billion, BIDV takes first place in terms of assets, while Vingroup leads market capitalisation with approximately $16.5 billion. — VNS

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)

Bank for Investment and Development of Viet Nam (BIDV)


Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)


PetroVietnam Gas Corporation (PV Gas)

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank)

Hoa Phat Group

Military Commercial Joint Stock Bank (MBBank).


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