15:43 | 03/12/2015 Companies
FPT, Vietcombank, PetroVietnam Gas (PVGas), Vinamilk, and Vingroup are five Vietnamese enterprises that appeared on the Asia300 report, which was released recently by Nikkei Asian Review.
A transaction in the Vietcombank. The bank, along with four enterprises has appeared on the Asia300 report, which was released recently by Nikkei Asian Review — Photo vtc.vn
The Asia300 features leading companies from eleven countries and regions, including China and members of ASEAN.
FPT, the report wrote, is the largest information technology company in Viet Nam, engaged in a wide array of activities including software development, telecommunications, and the marketing of IT products. Its market capitalisation, at about US$800 million, is one of the largest among non-State entities.
Vietcombank, meanwhile, is one of Viet Nam's four largest State-run commercial banks. It has been a major player in international trade payment settlement and is also boosting its retail lending, according to the report. While the bank was listed on the HCM Stock Exchange in 2009, the government still holds a sizable 77 per cent stake. Vietcombank's market capitalisation is about $3 billion, according to the report.
PVGas is one of Vietnam's largest State-run companies, the Asia300 report noted. It runs integrated operations, from drilling for gas through to marketing, and controls nearly 70 per cent of the domestic market for liquefied petroleum gas. It has a market capitalisation of about $9 billion, making it one of the largest publicly traded Vietnamese companies.
Vinamilk is Viet Nam's largest food processor and deals in a wide variety of dairy products, including milk and yogurt. It is said to account for about 50 per cent of Viet Nam's dairy market.
Vingroup, lastly, is Viet Nam's largest real estate company and deals in a host of different properties, including houses, shopping malls, hotels, golf courses, and hospitals. The company has enhanced its brand cachet by targeting its Vincom shopping malls and Vincom Village residential areas at affluent customers.
Viet Nam had the lowest number among countries and territories with enterprises listed in the Asia300. China and Hong Kong recorded 83, Taiwan 40, South Korea 42, Singapore, Thailand, and Indonesia 25, Malaysia 22, the Philippines 20, and India 44./.