The companies on the list include Vingroup, Joint Stock Commercial Bank for Foreign Trade of Vietnam-Vietcombank, Mobile World JSC, Phu Nhuan Jewellery Company and Vinamilk.
The 50 companies’ total market capitalisation was worth VND829.01 trillion as of May 16, occupying 64.14% of the value of both the HCM Stock Exchange and the Hanoi Stock Exchange.
|Representatives of the 50 best Vietnamese companies listed on the country's stock market in 2016 receive certificates of merit by Forbes Vietnam Magazine in HCM City.
The top listed companies reached revenue of US$47.54 trillion, equal to 37.77% of the total market revenue. They made an after-tax profit of VND53.48 trillion, or 53.08% of the market's profit.
Le Thi Hoa, member of Vietcombank’s Executive Board, said that Forbes Vietnam’ independent and objective assessments reflected correctly the quality of assets and the value of the listed companies for investors.
Through this evaluation, the magazine has contributed to providing investors with valuable information and essential points of interest, helping boost sustainable development of the Vietnamese stock market, Hoa said.
This is the fourth year Forbes Vietnam has announced the list of the best companies in the Vietnamese stock market. This year’s list showed the strong development in companies in consumption goods, as well as the expansion in construction and real estate companies thanks to the recovery of the real estate market. No company from the oil and gas sector was honoured.
The list of best 50 companies was selected following the examination of all listed stocks in each group. Stocks which incurred losses, were delisted or saw trading on a small scale did not qualify to enter the list, according to a Forbes Vietnam representative.
The same day, the magazine held a business forum to create links between government representatives and businesses to meet and discuss vital issues on the country's economy and businesses, including policies, business environment, building trademark, developing human resources and responsibilities towards society and community.