Top 50 companies in Vietnam
Forbes Vietnam has announced Vietnam’s top 50 listed companies for 2018. The 50 companies account for almost 71% of total market capitalization on the HCM and Hanoi stock exchanges, and have recorded a combined total profit of around $4.75 billion, a year-on-year increase of 34% (in the previous year, this number amounted to $3.4 billion). Out of the 50 companies, 47 are listed on HCM stock exchange, and only 3 on Hanoi’s.
Banking and finance, real estate, retail and consumer companies account for a large part of the total market value. Some of the leading companies from these sectors include Vietinbank, Vietcombank and Bao Viet Insurance, Thegioididong (electronics retailer), and Masan Group (food and beverage).
Top 50 companies list highlights:
Company with the highest revenue -- Petrolimex (Vietnam National Petroleum Group), $6.7 billion
Company with highest post-tax profit -- Vinamilk (Vietnam Dairy Products JSC): $453 million
Largest company by market capitalization -- Vingroup (conglomerate): $15 billion
According to Nguyen Lan Anh, Forbes Vietnam Editor, “Positive conditions of the financial market have increased the number of well-performing financial-securities firms, followed by some other key industries such as property development and logistics”.
In the past 12 months, the Vietnamese stock market has made significant achievements, as the bhe benchmark VN Index set its new historical high of 1,204 points in early April of 2018. In mind-May, the total market value of the Vietnamese stock market reached $168 billion, equal to 80% of Vietnam’s GDP. This number excludes the market value of Vinhomes (property development branch of Vingroup), which debuted on the HCM Stock Exchange on May 17, with the market value of $13 billion.