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

15:16 | 07/06/2018 Companies

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

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

These firms account for more than 70 percent of Vietnam’s stock market capitalisation 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 percent of GDP.

Theo NDO