Three Vietnamese firms enter Forbes Asia’s Top 200 list
Three Vietnamese firms enter Forbes Asia’s 200 Best Under A billion list
Three Vietnamese firms have made it to Forbes Asia’s 200 Best Under A billion-TOP 200 list in 2018, which highlights the 200 high-performing Asia-Pacific companies with revenue under 1 billion USD.
Vicostone JSC has impressive growth in revenue and benefit in recent years. (Photo: kinhtevadubao.vn)
Hanoi (VNA) – Three Vietnamese firms have made it to Forbes Asia’s200 Best Under A billion-TOP 200 list in 2018, which highlights the 200high-performing Asia-Pacific companies with revenue under 1 billion USD.
Theyare Vicostone Joint Stock Company, Power Engineering Consulting Joint StockCompany 2, and Vietnam Mining and Construction Joint Stock Company.
This year’s Forbes editors drew on databases of 23,800 stock-traded firms inthe Asia-Pacific, then winnowed 1,400 firms with revenues between 5 million USDand 1 billion USD in three consecutive years, and audited by Big 4 accountingfirms of Deloitte, PwC, E&Y, and KPMG.
The majority of the short-list 200 firms were companies from Japan and China(including Hong Kong and Taiwan).
Among the three Vietnamese businesses in the TOP 200, Vicostone JSC has themost impressive growth in revenue and benefit in recent years. Last year, thefirm earned 4.35 trillion VND (186.78 million USD), up 35.5 percent from 2016.Its after-tax revenue in 2015 was over 404 billion VND (17.3 million USD). Thefigure rose 67 percent to 676 billion VND (29 million USD) in 2016 whileescalating to more than 1.12 trillion VND (48 million USD) in 2017.
This year, the firm targets 5.29 trillion VND (227.1 million USD) in revenue,and 1.35 trillion VND (57.9 million USD) in profit.-VNA
Forbes Vietnam has announced Vietnam’s 50 top listed companies for 2018, which account for 70.8 percent of total market capitalisation on the HCM and Hanoi stock exchanges.
Experts forecast that the Vietnamese economy will grow by more than 6.8 percent in the last half of this year at the Forbes Vietnam Business Forum 2018 held in Ho Chi Minh City on July 26.
Forbes Vietnam on July 26 organised a ceremony to honour Vietnam’s top 50 listed companies in 2018, which account for 70.8 percent of total market capitalisation on the HCM and Hanoi stock exchanges.
Forbes Vietnam has recently released its third annual list of the 40 most valuable brands in Vietnam in 2018, estimating their total value at 8.1 billion USD, an increase of 30 percent compared to the 2017 list.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
Vicostone JSC has impressive growth in revenue and benefit in recent years. (Photo: kinhtevadubao.vn) 
