The representatives from the Top 10 prestigious and effective public companies (VIX50) in Việt Nam in 2024 received the award. Photo courtesy of the organiser

HÀ NỘI — Vietnam Report and VietNamNet newspaper named the Top 50 prestigious and effective public companies (VIX50) in Việt Nam in 2024 during a ceremony on Friday.

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) topped the ranking, followed by FPT Corporation, Vinhomes Corporation, Asia Commercial Joint Stock Bank (ACB), Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), Military Commercial Joint Stock Bank (MBBank), Bank for Investment and Development of Việt Nam (BIDV), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Việt Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Gemadept Corporation.

Since 2021, Vietnam Report has annually revealed the VIX50 Ranking, which recognises the prestigious and effective public companies. This ceremony stands as a distinguished and influential gathering within the Vietnamese business community, underscoring acknowledgment and esteem for public companies exhibiting high efficiency and responsibility in the economy.

The VIX50 Ranking serves as a reputable yardstick, enabling enterprises to garner heightened attention and favourable reviews from investors, financial institutions and the media. This accolade also serves as a catalyst for businesses to persist in their growth and enhance market standing.

Following two years marked by the impacts of stringent monetary policies and exchange rate fluctuations, the Vietnamese stock market anticipates numerous new growth prospects this year. Notably, amidst the Government's resolute commitment to bolster the stock market by 2025, focusing on sustainable development, safety, and transparency, establishing and upholding reputation emerges as paramount for public enterprises.

The influence of reputation plays a pivotal role in investor sentiment, serving as a cornerstone for sustainable growth and the escalation of corporate value.

Vietnam Report acknowledges the Top 50 prestigious and effective public companies in 2024 to celebrate public enterprises with a robust financial footing, notable accomplishments in delivering products and services to customers, and establishing an impressive reputation among the public and investors.

The recognised representatives not only showcase excellence in financial resilience and communication but also exhibit potential for growth, a level of sustainable development, quality governance and standing within their respective industries.

As part of the event, the organising committee also announced the Top 10 prestigious companies in the banking, insurance, technology, and high-tech agriculture sectors in 2024. This recognition aims to appreciate and honour experienced, esteemed, and reputable enterprises that contribute positively to the industry's overall advancement and the Vietnamese economy at large, deserving of the title of "industry leaders" in vital economic sectors.

Notably, the announcement ceremony for the Top 50 prestigious and effective public companies this year was elegantly held concurrently with the Vietnam Top 500 CEO Golf Championship 2024 (VCG500). This annual golf tournament, serves as a sophisticated and contemporary platform that brings together leading figures from prominent Vietnamese enterprises, including VIX50 enterprises, fostering connections, knowledge sharing, and expanding business collaboration opportunities. — VNS