Vietnam’s 50 best-performing listed firms account for 70% of market cap

Update: 09:14 | 07/06/2018

Forbes Vietnam magazine has announced the 50 best-performing companies listed on the Hanoi and Ho Chi Minh Stock Exchanges in 2018.

Vietnam, 50 best-performing lfirm, market cap, Forbes Vietnam magazine, total profits, Petrolimex, Vinamilk, Vingroup

The 50 best-performing listed firms account for more than 70% of Vietnam’s stock market cap.

These firms account for more than 70% of Vietnam’s stock market capitalization and have total profits of nearly VND107 trillion (US$4.7 billion).

Among the top 50 listed companies, oil retailer Petrolimex leads the pack in terms of revenue, at VND153.7 trillion (US$6.76 billion), while the most profitable firm is the dairy producer Vinamilk at nearly VND10.3 trillion (US$453.2 million).

In terms of the market cap, Vingroup is the largest company at US$15 billion as of May 15.

According to experts, Vietnam’s stock market has recorded positive developments overall over the past 12 months, with the VN-Index setting a new record of 1,207 points in April this year.

The past year also saw the launch of the derivatives market, better-than-expected capital disinvestment from major companies, such as Vinamilk and Sabeco, and the listing of many large private firms such as Vinhomes, VPBank and Techcombank.

By mid-April, Vietnam’s stock market cap reached US$168 billion, equivalent to 80% of GDP.

Source: NDO

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