Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) has entered the top 50 best listed companies in 2021 for the first time as voted on by Forbes, featuring alongside big names such as Petrolimex, Vingroup, Mobile World, Hoa Phat, Vietcombank, Vinamilk, and FPT.
Vinaconex enters top 50 best listed companies in 2021 for the first time
In the preliminary round, companies are required to meet conditions such as profitability in the fiscal year for 2020, along with revenue and capitalisation of at least VND500 billion, according to Forbes Vietnam.
Moving into the next round, companies are assessed based on indicators such as compound annual growth rate (CAGR), Return on Equity (ROE), Return on Capital (ROC), and Earning Per Share (EPS) growth in the 2016 to 2020 period.
Forbes Vietnam will continue to carry out a qualitative survey aimed at assessing the sustainable development of businesses, the position of numerous companies in the industry, the source of profits, the quality of corporate governance, and prospects ahead for development.
In the ninth annual list voted on by Forbes Vietnam, the 50 best listed companies this year have fully established a competitive position within the domestic market and become a spearhead for the national economy.
Most notably, the most prominent companies in the list are those operating in the fields of real estate, securities, and in the banking industry. Indeed, the travel and aviation sectors are absent from this year's list as they have been hardest hit by the impact of pandemic.
Vinaconex's 2020 consolidated report revealed that the company recorded a total of VND5,551 billion in revenue and VND1,605 billion in after-tax profits of the parent company, a figure 2.3 times higher than the previous year.
The results indicate the strong internal strength of the corporation amid the negative impacts of the pandemic.
During the nine-month period, the corporation recorded revenue of VND3,610 billion with pre-tax profits reaching VND535 billion.
As of September 30, Vinaconex's total assets hit VND30,840 billion, representing an increase of 57% compared to the beginning of the year and a slight rise of 2% compared to the end of the second quarter.
Recently, Vinaconex's VCG stock has also reached an all-time high of VND53,000 per share in the trading session on December 1.
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