(vasep.com.vn) Forbes magazine has announced its selection of top 50 best listed companies in Viet Nam in 2014.
Out of 680 listed companies, the potential candidates must satisfy 3 requirements: market capitalization larger than VND300 billion, sales of fiscal year 2013 larger than VND150 billion, and positive net profit after tax for fiscal year 2013.
These companies then go through two rigorous selection processes based on 5 financial indicators: compound annual growth rate of revenue, net profit, average ROC, ROE and EPS for five-year period from 2009-2013. The chosen companies not only have high-ranking financial performance but also have good corporate management, branding, and growth potential.
As of April 25, 2014, total market capitalization of these 50 companies reached VND741 trillion, accounting for 65% of the combined capital of the HCM City Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX).
With its 2013’s revenue of VND 5,100 billion and market capitalization of VND 1,980 billion, Vinh Hoan Corp. has outperformed its competitors in the seafood industry to become the only company shortlisted.
www.vinhhoan.com.vn