Vietcombank has entered Vietnam’s 50 best listed companies in 2019 by Forbes Magazine for the seven consecutive years. (Photo: Vietcombank)Hanoi (VNA) – The Joint Stock Commercial Bank for Foreign Trade ofVietnam (Vietcombank) has entered Vietnam’s 50 best listed companies in 2019 byForbes Magazine for the seven consecutive years.
Honoured companies thisyear were rated on the basis of compound annual growth, profit, return onequity, earnings per share growth between 2013 and 2018, branding, qualityof corporate management, source of profit, and the prospect of sustainabledevelopment.
This year's listincludes leading companies on the HCM Stock Exchange (HOSE) and Hanoi StockExchange (HNX) such as dairy firm Vietnamilk, beer maker Sabeco, IT giant FPTCorp, DHG Pharmaceutical, insurance-finance group Bao Viet, digitalretailer Mobile World and realty developer Vingroup.
The Ho Chi Minh Stock Exchange (HOSE) dominated the list as it is home to 45 ofthe 50 listings, leaving the Hanoi Stock Exchange (HNX) with five. There were13 changes to the list from last year with 11 firms making their firstappearance and two companies coming back on to the list.
According to Forbes, the companies have recorded acombined total post-tax profit of nearly 127.53 trillion VND (5.6 billion USD),a year-on-year increase of 19.2 percent. The total capitalisation of theenterprises reached 94 billion USD, accounting for 63 percent of the totalmarket capitalisation on the two bourses as of mid-May.
For three consecutiveyears, Vinamilk led the market in terms of profitability, but this timeVietcombank surpassed the dairy giant, becoming the champion in after-tax profitwith the growth rate of 60 percent.-VNA
VNA
