Forbes Vietnam announces top 50 listed companies

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.

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

Vietjet - one among 50 listed companies (source: NDO)

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 services and the larger size of listed companies, the total revenue of the 50 companies hit over VND734.8 trillion (US$32.33 billion), up 55% over the previous year. Total profits of these companies also rose 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./.

( VNF/NDO )