This is the 12th year Forbes Vietnam has announced the list of 50 best listed companies in Vietnam. This list is calculated based on consolidated audited financial statements of companies listed on the Ho Chi Minh City Stock Exchange. .HCM (HSX) and Hanoi Exchange (HNX).
In the preliminary round, companies need to meet the following conditions: be profitable in 2023, have a minimum revenue and capitalization of VND 500 billion. In the next round, Companies are quantitatively scored on five criteria: compound growth rate of revenue, profit, ROE, ROA and EPS growth in the period 2019 - 2023.
Next, Forbes Vietnam conducted a qualitative investigation to evaluate the sustainable development of the business: the Company's position in the industry, source of profits, quality of corporate governance, debt/equity ratio. ownership, industry prospects,... Capitalization is finalized on May 31, 2024, data used is calculated from the audited consolidated financial statements of 2023.
Accordingly, in 2023 Viettel Construction continues to grow in revenue with 11,299 billion VND, profit reaching 515.9 billion VND, up 20% and 13.3% respectively compared to 2022. This result helps Viettel Construction appeared in the Top 50 Best Listed Companies in Vietnam for the third time and ranked 23/50, up 2 places compared to 2022 (25/50).
Top 50 best listed companies in Vietnam 2024
Top 50 best listed companies in Vietnam 2023
Total revenue of the 50 best listed companies in 2024 reached VND 1,296,831 billion, down 16.7%. Total profit after tax reached 190,831 billion VND, down 13% compared to the 2023 list. The 2024 list reflects the challenges of the economy when the residential real estate and financial services industries have few representatives. than last year. In addition, the internal difficulties of the Vietnamese economy in the past two years such as export deceleration, production stagnation, weak consumer market, and sluggish real estate market have made this industry group less represented in when the defensive industry group (utilities, food - beverages, healthcare,...) takes the throne.
On the stock market, Viettel Construction shares are currently trading around 145,000 VND/share, growing 58% compared to the beginning of 2024, the Company's capitalization is estimated at 16,600 billion VND.