As the first year to join the club of Top 50 Best Listed Companies on Vietnam Stock Exchange, Viettel Construction is also honored to become the first recipient of the honor from Forbes Vietnam.
Representative of Viettel Construction received honor from Forbes Vietnam
To rank the List of 50 Best Listed Companies in 2022, Forbes Vietnam considers all stocks listed on the HSX, HNX and arranges them by industry group. In the preliminary round, companies need to meet the following conditions: profitable in fiscal year 2021, revenue and market capitalization of at least VND 500 billion. In the next round, companies are calculated and scored quantitatively on the following criteria: compound growth rate of revenue, profit, return on equity (ROE); return on investment (ROC); earnings per share (EPS) growth for the period 2017 - 2021.
Next, Forbes Vietnam carried out a qualitative survey to assess the sustainable development of the business: the company's position in the industry; profit origin; governance quality; development prospects, sustainable development…
The companies in the 2022 honor list are considered by Forbes to have a very solid foundation after the pandemic, not only having good business results but also expected to be resilient in the context of Vietnam's economic crisis. with many challenges and demonstrating the resilience of the "new normal" of the post-COVID-19 era.
In 2021, Viettel Construction recorded revenue of VND 7,454 billion and profit after tax of VND 375.76 billion, up 17% and 37% respectively compared to the previous year, this is also the largest profit achieved by Viettel Construction. since its establishment until now.
Highlights of Viettel Construction's business results in the period 2017-2022
Accumulated results in the first 6 months of 2022, Viettel Construction also recorded a revenue of VND 4,223 billion, up 19% over the same period in 2021 (equivalent to 49.2% of the year plan of VND 8,586.3 billion). Pre-tax profit reached 240 billion dong, up 24% over the same period, accumulated pre-tax profit reached 46.4% year target of 517.6 billion dong.
Right after switching from Upcom to HOSE in February, Viettel Construction's CTR stock attracted domestic and foreign investors when it peaked at VND 120,000/share on April 19. 2022 (up 40% compared to the initial floor price of 85,400 VND/share).
The topic of "Reinventing growth" was hotly discussed at the event
Also at the event, Forbes Vietnam held the 10th Annual Business Forum, in the context of the global economy being operated after many fluctuations due to the COVID-19 pandemic.
With topics "Reinventing growth”, experts and senior leaders from leading enterprises discussed business prospects, opportunities and challenges, sustainable development directions, in order to provide a panoramic view of the business environment. and a sustainable vision for the future of the business.
At the first discussion, macroeconomic research expert Brian Lee Shun Rong from Maybank shared his perspective on Vietnam's competitive advantages as well as barriers and challenges on the way to becoming a new Asian tiger. Mr. Brian Lee assessed that Vietnam has achieved a strong growth rate in the past decade thanks to an industrialization strategy led by foreign investment. Thanks to this strategy, Vietnam becomes the region's production and export hub, a "rising star" in the global supply chain.
Mr. Brian Lee – Maybank Macroeconomic Researcher
Data from Maybank shows that FDI into Vietnam accounts for 5-6% of GDP, higher than other countries in the region such as Thailand, Malaysia and Indonesia. In particular, Vietnam benefits from the production shift of global corporations in the electronics industry to avoid dependence on China. Domestically, businesses have also made strides in the global value chain, from being dependent on the garment export industry to becoming a leader in the electronics industry.
Mr. Brian Lee said that Vietnam can focus on building a digital economy as a driving force. He cited that 8% of GDP growth is due to the digital economy, predicting that in 2025, Vietnam will have the second largest digital economy in the region, after Indonesia.
In the second discussion, with the topic Vietnam's macroeconomics, expert Nguyen Xuan Thanh - lecturer at the Fulbright School of Public Policy and Management affirmed that Vietnam will control the 4% inflation target as set out by the National Assembly at the beginning of the year.
Vietnam is in the green zone with an inflation rate of 3.4%, which is a positive point, even luck. This can cause suspicion for people and businesses when daily going to the market or buying raw materials increases from 12-18%. “However, if we look at the basket of goods, it can be explained that when food and food accounted for more than 30% of the consumer price index (CPI) basket, the price of rice and pork did not increase sharply in the past time. while the price of energy has increased by more than 50%, it only accounts for 8% of the weight,” explained Mr. Thanh.
Expert Nguyen Xuan Thanh – Lecturer at Fulbright School of Public Policy and Management
At the last discussionAt the event, Vietnamese business representatives shared about the path of sustainable and responsible business development stemming from the internal awareness of businesses, pressure from the community and compliance with next-generation trade agreements.