Vietnam Forbes Magazine names the 50 best listed companies on the Vietnamese stock market in 2017 (Photo: vietnambiz.vn)
Hanoi (VNA) - Vietnam Forbes Magazine on May 29 announced a list of 50 bestlisted companies on the Vietnamese stock market in 2017.
Accordingto Forbes, though the companies’ market capitalisation still accounted forroughly 60 percent of the total market on the two bourses, the same as theprevious year, their total revenue reached 734.8 trillion VND (32.4 billion USD),up 55 percent against the previous year. Their profit also rose 49 percentagainst the previous year to 79.46 trillion VND.
Mostof the companies on this list were traded on the southern bourse of HCM StockExchange (HoSE); only four companies were listed on the Hanoi Stock Exchange(HNX).
Majornames such as Vingroup, Vietcombank, Vietinbank as well as Mobile World Group,FPT, Vinamilk, Masan and Hòa Phát were on this year’s list.
Comparedwith last year, 2017’s list had 12 new companies, including Vietjet Air,Sabeco, Petrolimex and Novaland which were listed on the stock market this yearand have market capitalisation of billions of dollar each on average.
Accordingto Forbes Vietnam, which rated the best listed companies for the fifth time,the list reflected Vietnam’s economy last year.
Theprosperity of real estate, construction, infrastructure, finance and consumerindustries last year helped each sector have eight companies named on the list.
Onthe other hand, continuously low prices of oil and rubber, which resulted inlower revenue and profits of related companies, caused the two industries tohave no representative on this year’s list.
ForbesVietnam applied company ranking methods of Forbes (an American BusinessMagazine), taking into consideration the characteristics of the businesseslisted in Vietnam. The assessment is based on the financial statements auditedfor five consecutive years from 2012 to 2016 and fiscal year 2016. Forbesconsidered all the listed shares and arranged them by each sector group.
Thelist of 50 best listed companies of Vietnam has been compiled to provideinformation on the listed companies with outstanding business results and highprofits for investors. Besides this, it is also to honour and encourage the spiritof the enterprises.-VNA
The positive 2016 earning reports of over 90 percent of nearly 600 listed companies on the two national stock exchanges are providing a fresh impetus for the market.
Two Vietnamese, Vingroup chairman Pham Nhat Vuong and Sovico Holdings chairwoman Nguyen Thi Phuong Thao, have featured in the Forbes’s 2017 world’s billionaires list.
Vietnam’s 50 most influential women were named by the US’s Forbes magazine on April 12 in the framework of the Women’s Summit 2017, being held in Vietnam for the first time.
Three Vietnamese entrepreneurs were named to this year’s Forbes 30 Under 30 Asia list, which recognizes young difference makers in 10 industries across the continent.
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The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.