A cow is fed at a Vinamilk cattle farm (Photo vietnamfinance.vn)
Hanoi (VNS/VNA) - Five Vietnamese companies are among the 300largest and fastest-growing businesses in Asia, according to Nikkei AsiaReview's exclusive ranking.
They areVietnam Dairy Products JSC (Vinamilk), Commercial Bank for Foreign Trade ofVietnam (Vietcombank), FPT Corporation (FPT), PetroVietnam Gas Corporation (PVGas) and real estate firm Vingroup.
The firmswere recognised for their market value and growth potential.
Vinamilk,Vietcombank and PV Gas were also among top 100 companies in Asia. Theyranked 25th, 54th and 84th, respectively.
Therankings were based on the firms' five-year average growth in revenue and netprofit, return-on-equity (ROE) ratio, net profit margin and shareholder equity(to-asset) ratio.
Apartfrom FPT, the other companies are also among the top 10 largest listed firms onthe Vietnamese stock market.
Vingroup(HoSE: VIC) is the largest with a market value of nearly 390 trillion VND (16.8billion USD) as of July 11.
Vingroupis followed by Vietcombank (274.4 trillion VND, HoSE: VCB), Vinamilk (218trillion VND, HoSE: VNM) and PV Gas (203 trillion VND, HoSE: GAS).
FPTCorporation (HoSE: FPT) has a much smaller market capitalisation than the other companies.As of July 11, its market value was nearly 32 trillion VND.
Of thetop 300 companies in Asia, mainland China is home to the most with 81companies, followed by India (44), the Republic of Korea (42), Taiwan (40),Indonesia and Thailand (25 each), Malaysia (22) and Singapore (21).-VNS/VNA
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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 event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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.
A cow is fed at a Vinamilk cattle farm (Photo vietnamfinance.vn) 
