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.