Forbes lists top VN companies on stock market

Friday, Sep 30, 2016 14:14

Representatives of the 50 best Vietnamese companies listed on the country's stock market in 2016 receive certificates of merit by Forbes Viet Nam Magazine in HCM City. — File Photo
HA NOI (Biz Hub) — Forbes Viet Nam Magazine on September 29 announced the 50 best Vietnamese companies listed on the country's stock market in 2016.

The businesses on the list include Vingroup, Vietcombank, Mobile World JSC, Phu Nhuan Jewellery Company and Vinamilk.

At a ceremony held in HCM City to honour the companies, it was reported that the 50 businesses' total market capitalisation was worth VND829.01 trillion, up till May 16, 2016, occupying 64.14 per cent of the value of both the HCM Stock Exchange and the Ha Noi Stock Exchange.

The top listed companies had reached revenue of $47.54 trillion, equal to 37.77 per cent of the total market revenue. They made an after-tax profit of VND53.48 trillion, or 53.08 per cent of the market's profit.

Le Thi Hoa, member of Vietcombank's executive board, said Forbes Viet Nam's independent and objective evaluations reflected correctly the quality of assets and the value of the listed companies.

Through this evaluation, the magazine has contributed to providing investors with valuable information and essential points of interest, helping boost sustainable development of the Vietnamese stock market, Hoa said.

This is the fourth year the magazine has announced the list of the best companies in the Vietnamese stock market.

According to the ranking this year, companies in consumption goods continued their strong development, while the construction and real estate sectors also expanded thanks to the recovery of the real estate market. There was no company honoured from the oil and gas sector.

Viet Nam Integrated Interaction Communication JSC Chairman Nguyen Bao Hoang said the list of top 50 companies was selected following the examination of all listed stocks in each group. Stocks which incurred losses, were delisted or saw trading on a small scale did not qualify to enter the list.

In addition, the magazine individually evaluated corporate sustainable development, such as trademark, corporate management quality, means of profit in the past and sustainable development potential.

On the same day, the magazine also organised a business forum to create links between government representatives and businesses to meet and discuss vital issues on the country's economy and businesses, including policies, business environment, building trademark, developing human resources and responsibilities towards society and community. — VNS

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