Forbes Vietnam announces top 50 listed companies

Created 30 May 2017
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Forbes Vietnam, the Vietnamese edition of Forbes Magazine on May 29 announced a list of the top 50 Vietnamese listed companies in 2017, which includes many new firms such as VietJet, Sabeco, Petrolimex, and Novaland.

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Vietjet is among new firms announced this year

 

This is the fifth consecutive year in which Forbes Vietnam has reported the names of the top listed companies.

The top 50 companies were selected from companies with good business performances listed on the Hanoi and Ho Chi Minh City stock exchanges.

Compared to the previous years, the 2017 list sees 12 new companies, who are taking the lead in various sectors with the market capitalisation worth billions of US dollars, including VietJet operating in the transport area, Sebeco in the food area, Petrolimex in the retail area, and Novaland in the real estate area.

Large firms, namely Vingroup, Vietcombank, VietinBank, Vinamilk, and Hoa Phat continued to be honoured in the top 50.

Forbes Vietnam reported that the total market capitalisation of the 50 companies accounts for over 60% of the total market capitalisation on the two stock exchanges, equivalent to the rate of the previous year.

Thanks to the improved quality of goods and the larger size of listed companies, the total revenue of the 50 companies reached over VND734.8 trillion (US$32.33 billion), up 55% over the previous year. The total profits of these companies also climbed to over VND79.4 trillion (US$3.49 billion), up 49% in comparison to last year’s list.

The real estate, construction and infrastructure sector, along with the finance sector, contributed the highest number of firms to the list, comprising of 16 firms.

Forbes Vietnam said that this year's list showed the predominance of firms in the areas of real estate, finance and consumption goods, whilst the areas of commodities such as rubber, gas and oil have yet to show a strong recovery.

 

 

Source: Dtinews

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