Three Vietnamese firms enter Forbes Asia’s Top 200 list

Three Vietnamese firms enter Forbes Asia’s 200 Best Under A billion list

Three Vietnamese firms have made it to Forbes Asia’s 200 Best Under A billion-TOP 200 list in 2018, which highlights the 200 high-performing Asia-Pacific companies with revenue under 1 billion USD.
Three Vietnamese firms enter Forbes Asia’s 200 Best Under A billion list ảnh 1Vicostone JSC has impressive growth in revenue and benefit in recent years. (Photo: kinhtevadubao.vn)

Hanoi (VNA) – Three Vietnamese firms have made it to Forbes Asia’s200 Best Under A billion-TOP 200 list in 2018, which highlights the 200high-performing Asia-Pacific companies with revenue under 1 billion USD.

Theyare Vicostone Joint Stock Company, Power Engineering Consulting Joint StockCompany 2, and Vietnam Mining and Construction Joint Stock Company.

This year’s Forbes editors drew on databases of 23,800 stock-traded firms inthe Asia-Pacific, then winnowed 1,400 firms with revenues between 5 million USDand 1 billion USD in three consecutive years, and audited by Big 4 accountingfirms of Deloitte, PwC, E&Y, and KPMG.

The majority of the short-list 200 firms were companies from Japan and China(including Hong Kong and Taiwan).

Among the three Vietnamese businesses in the TOP 200, Vicostone JSC has themost impressive growth in revenue and benefit in recent years. Last year, thefirm earned 4.35 trillion VND (186.78 million USD), up 35.5 percent from 2016.Its after-tax revenue in 2015 was over 404 billion VND (17.3 million USD). Thefigure rose 67 percent to 676 billion VND (29 million USD) in 2016 whileescalating to more than 1.12 trillion VND (48 million USD) in 2017.

This year, the firm targets 5.29 trillion VND (227.1 million USD) in revenue,and 1.35 trillion VND (57.9 million USD) in profit.-VNA
VNA

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