Vietnams 50 top listed companies for 2023 năm 2024
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Show HÀ NỘI — Vietnam Report and the online newspaper Vietnamnet have announced a list of the 500 most profitable companies (PROFIT500) in Việt Nam in 2023. Among the companies, the ten on top comprise PetroVietnam, Samsung Electronics Vietnam Thái Nguyên, Viettel, Vietcombank, Techcombank, PetroVietnam Exploration Production Corp, BIDV, Military Bank, Agribank, and VP Bank. The ten most profitable private companies, meanwhile, consist of Techcombank, VP Bank, ACB, VinGroup, VIB, Vinamilk, HD Bank, Hòa Phát, SHB, and TP Bank. Foreign direct investment companies maintained the lead in terms of return on assets (ROA) with 13.7 per cent, up 2.7 per cent year-by-year. Companies operating in the private sector came next with 11.2 per cent and were followed by those in the public sector (9.2 per cent). About one-third of companies on PROFIT500 expected economic growth of between 4.5 and 5.0 per cent for the year 2023. Merely 4.5 per cent anticipated that growth would surpass 5.5 per cent whereas 13.6 per cent forecasted it would be less than 4.0 per cent. More than half of the companies believed that their profits would improve slightly against the first six months of the year, 4.5 per cent forecasted their profits would stay flat, and 40.9 per cent thought otherwise. Approximately three-fourths of the companies cited weakening demand and global uncertainties as the biggest issues holding them back. Other issues include rising input costs, high inflation in large importing countries, and challenges in the realty and corporate bond markets. "Falling orders and weak market demand have led to higher unsold inventory, putting a lot of pressure on firms' production plans," said Vietnam Report. Vietnam Report showed that companies were pinning their hopes on supportive policies from the Government, which are expected to create a low-interest environment conducive to their operation. Nearly 60 per cent cited cuts in bank lending rates as the driving force behind their profit growth in the second half of the year. Exactly 54.5 per cent relied on cuts in value-added tax whereas 27.3 per cent ticked "the acceleration of public money disbursement". Vietnam Report also underlined seven key measures to boost profits in the last six months of 2023. Among the measures, expanding into new markets was employed by over 80 per cent of the companies. Enhancing customer services came next with 77.3 per cent, and then seeking new suppliers with about 75 per cent. It is also worth noting that at the time of the survey, merely 41 per cent of the companies said they had reached over 50 per cent of their profit targets for 2023, lower than the figure of the same time last year (73.9 per cent). — VNS Based on the measurement of CMC Corporation's business results in 3 consecutive years, on 16 September, Investment Bridge Magazine announced that CMC was ranked among "Vietnam's Top 50 Best-performing Companies is considered a reliable and prestige list, made in consultation with leading economic and business experts from Harvard Business School and with references from prestigious rankings in the world to find out and honor companies with distinguished business performance on Vietnamese securities market. According to Forbes Vietnam, the total profit after tax of 50 companies on the list reached VND 228.096 billion, up 18% compared to the list in 2022. Total revenue reached VND 1.490.453 billion, up 24,9%. The revenue champion as usual belongs to Petrolimex with VND 304.063 billion, while the No. 1 position in profit after tax belongs to Vietcombank with VND 29.899 billion. Companies in the “List of 50 Best Listed Companies” in 2023 are classified by sector, most of which are industry leaders or have established competitive advantages. The largest proportion in this list belongs to the financial sector (banking, securities, insurance), consumer staples, logistics, etc. Meanwhile, the real estate and materials industries halve the number of representatives. face. The “Best 50 Listed Companies List” in 2023 does not have many new names compared to the list of recent years. Besides, the declining momentum of the stock market and difficulties in raising international capital are the reasons for the lack of large-scale IPOs and listings. In the context of the frozen real estate market, weakening domestic consumption, the defense industry, essential consumer goods, food, logistics, and technology take the throne... Specifically, in 2022, the profits of listed companies in general and the list of the 50 best listed companies in particular hit a record. But in the process of making the list, Forbes Vietnam noted that the business community is in the most difficult period in the past 10 years. These problems stem from a number of reasons such as the frozen real estate market, the liquidity in the primary real estate market has almost disappeared for many months. Real estate is an important economic sector that affects many other important sectors such as raw materials, infrastructure, construction, manufacturing industry, tourism, accommodation and especially the banking system. On the other hand, an unhealthy real estate market affects capital markets, including bond and credit markets. In addition, inflation in many countries has reduced purchasing power, forcing consumers to tighten their belts. As a result, a number of key export sectors of Vietnam declined sharply, from telephones, electronics, etc. to labor-intensive industries such as textiles, footwear, and seafood, which affected the labor market. employment, income and employment for both FDI and domestic enterprises. Another reason can be mentioned is the decline in domestic consumption demand, affected by employment, income and economic difficulties. To implement the “List of 50 Best Listed Companies” in 2023, companies listed on the HSX and HNX are evaluated through several steps. In the preliminary round, companies need to meet the conditions to be profitable in 2022, with a minimum revenue and capitalization of VND 500 billion… In the next round, companies are given quantitative scores on 5 criteria such as ratio. compound growth rate in revenue, profit... Next, Forbes Vietnam carried out a qualitative survey to assess the sustainable development of the business, including: The company's position in the industry, the source of profits, the quality of corporate governance, the industry prospect... Capital is closed on May 30, 5, the data used for calculation is the audited consolidated financial statements for 2023. What is the biggest company in Vietnam 2023?Brand value of the 10 most valuable Vietnamese brands 2023 In 2023, Viettel was the leading brand in Vietnam, with a brand value of over 8.9 billion U.S. dollars. Other valuable brands in Vietnam included Vinamilk, VNPT, and Vietcombank. What is the best company to work in Vietnam 2023?Nestle Vietnam secured first place in the “Vietnam 100 Best Places to Work 2023” ranking, while Abbott, Acecook Vietnam, Coca-Cola Beverages Vietnam and FPT Group were listed in the Top 10. How many listed companies are there in Vietnam?Historical chart. What is the leading company in Vietnam?Notable firms. |
