Top 100 largest public firms in Vietnam

Van Minh

BIDV ranked second among the list of 100 largest public firms in Vietnam which was first time announced by Forbes Vietnam on 30 December 2019.

The list was based on four criteria evaluated by

Forbes Vietnam: revenue, profit, total assets and capitalisation, following Forbes Global 2000 ranking method (of the 2,000 largest global companies).

Featuring on the list are 65 firms registered on the Ho Chi Minh City Stock Exchange (HSX), 23 firms on the Unlisted Public Company Market (UPCOM) and seven firms on the Hanoi Stock Exchange (HNX). Set apart from the “50 Best Listed Companies” from the HSX and HNX, the new list includes unlisted firms on the UPCOM.

Vietnamese businesses that are on Forbes (US) Global 2000 list such as BIDV, Vietcombank, VietinBank, and Vingroup dominate the leading rankings. The top 10 saw the rise of the private sector, with five out of 10 leading positions. Large private businesses such as Vingroup, Techcombank, Hoa Phat, VPBank, THAC O and Masan Group also earned high rankings. USD636 million. BIDV takes first place in terms of total assets while Vingroup leads market capitalisation with approximately USD16.5 billion (according to the consolidated audited financial statements 2018).

The HSX has 65 representatives, UPCoM has 23 representatives and the HNX has seven representatives in the list. The rest are unlisted public enterprises.

Forbes Vietnam said it used the calculation method of the Forbes 2000 Global rankings. First, it gathered a list of public companies including unlisted joint stock companies of more than 100 shareholders and listed companies on HSX, HNX and UPCoM. Next, it gathered financial data regarding revenues, profits, total assets and capitalisation according to the latest audited financial statements.

The headquarters of BIDV in Hanoi The market capitalisation of listed companies was The banking sector accounted for an calculated according to prices at overwhelming proportion with 22 close on 13 December 2019. The representatives, of which six were in capitalisation of unlisted enterprise is the top 10, followed by oil and gas, real determined by multiplying the number estate and retail sectors. of shares by the average P/E of the listed companies in the same industry. According to the list, Petrolimex Enterprises are evaluated on four champions revenue makers with financial criteria and the final total USD8.35 billion while Vietcombank score determines the ranking position ranks first by profit after tax with of companies in the list.