This marks the 11th year in a row it has made it to this prestigious list.

Masan Group achieves its 11th straight annual recognition on Forbes' "Top 50 Best Listed Companies" list.

Drawing up the list of the top 50 listed companies for 2023 involved a comprehensive evaluation process applied to enterprises listed on both the Ho Chi Minh City Stock Exchange (HSX) and the Hanoi Stock Exchange (HNX).

In addition to the initial phase, companies had to meet the following criteria: achieving record profits in 2022 and minimum revenues and market capitalization of VND 500 billion.

Businesses undergo a quantitative scoring process based on five key parameters spanning 2018 to 2022: compounded growth rate of revenues, profitability, ROE ratio, ROC, and EPS growth.

This is followed by an analytical assessment by Forbes Vietnam, delving into the sustainable advancements of enterprises, encompassing factors such as industry standing, profit sources, the effectiveness of corporate governance, and industry prospects.

Amidst a real estate and consumption market downturn in domestic, sectors like consumer goods, food, logistics, and technology have surged to prominence.

The year 2022 witnessed an unprecedented achievement in listed companies' earnings, with both the overall spectrum and the top 50 listed companies showcasing remarkable results. The combined post-tax profit of these 50 firms surged to VND 228,096 billion, marking an impressive 18% increase compared to the previous year's roster. Esteemed private enterprises such as Masan Group and Techcombank continued their upward trajectory, setting new records and witnessing significant profit escalation.

In 2022, Masan achieved remarkable growth across various aspects.

On a like-for-like (LFL) basis, Masan's net revenues increased to VND 76,189 billion, marking a 2.6% rise from the previous year's VND74,224 billion.

Its EBITDA reached an impressive VND14,437 billion.

For the 11th consecutive time, Masan Group proudly claims its spot in Forbes' "Top 50 Best Listed Companies" list.

During the first six months of 2023, Masan demonstrated resilience in its business performance, navigating through a challenging macroeconomic landscape.

Notably, Masan achieved net revenues of VND37,315 billion during this period, a remarkable 3.6% jump from the VND36,023 billion achieved in the corresponding period of 2022.

The operating profit of The CrownX ("TCX"), Masan's integrated retail consumer platform comprising Masan Consolidated WinCommerce ("WCM") and Masan Consumer Holdings ("MCH"), experienced noteworthy growth of 38.8%.

This progress was underpinned by the robust performance of its consumer goods enterprise.

In the first half of 2023 TCX achieved revenues of VND 26,835 billion, marking 3.1% growth.

In the second quarter of 2023 TCX's revenues stood at VND 13,535 billion, a robust increase of 7.6%.

TCX's EBITDA for the first six months of 2023 amounted to VND 3,507 billion, a 10.3% jump.

Similarly, in the second quarter of 2023 TCX's EBITDA was VND 1,976 billion, an impressive 28.3% increase.

MML saw a 70.2% increase in revenues in H1 2023 and a 68.7% increase in Q2 2023, driven by higher topline performance across all segments and the addition of the processed meat segment.

MML's revenues increased to VND3,303 billion in H1, a 70.2% surge from VND1,941 billion a year earlier.

On an LFL basis, revenues increased by 22.2% in H1 due to higher sales across all segments.

Based on the H1 performance and the current momentum, Masan expects to achieve revenues of VND 83,500 – 90,000 billion and NPAT pre-MI of VND 3,000 – 4,000 billion in 2023.

Customers shop at a WinMart store.

As we enter the latter half of 2023, promising macroeconomic developments have emerged, including the State Bank of Vietnam's interest rate reduction, VAT rate cut and interest rate support initiatives tailored to manufacturing enterprises.

These have the potential to yield favorable outcomes for businesses across Vietnam, including Masan.

Leveraging a robust growth strategy and business framework, the company is poised to achieve favorable business outcomes as market demand bounces back in the foreseeable future.

Since the beginning of 2023 Masan has consistently gained recognition and accolades from esteemed domestic and global institutions, receiving prestigious awards.

Notable honors include being named the "Best Place to Work For in Asia 2023" (HR Asia Award), securing a position in the "Top 50 Sustainable Enterprises 2023" (Nhip Cau Dau Tu Magazine) and being acknowledged among the "Top 50 Prestigious & Effective Public Companies 2023" (Vietnam Report).