Wednesday, August 15 2018

VietNamNews

Listed firms rewarded for smart growth by magazine

Update: June, 18/2014 - 08:29

HCM CITY (VNS) — Fifty companies listed on Viet Nam's two stock exchanges with the most effective operations were honoured by Nhip Cau Dau Tu (Investment Bridge) magazine yesterday.

Besides a market capitalisation of at least VND500 billion (US$23.7 million) and turnover of VND200 billion and profit of VND20 billion for three straight years, the criteria for selection were turnover growth and three years' average return on equity and return on capital.

Vinamilk topped the list with a turnover growth rate of 25 per cent and ROE and ROC of 41 and 40 per cent.

Hau Giang Pharmarceutical followed with 20, 32, and 31 per cent, and Phu My Fertilizer and Chemical Company with 16, 34, and 34 per cent.

They each received a citation.

Of the 50 companies, almost half have won the honour for three successive year since its inception in 2012.

They include Hau Giang, Military Bank, Binh Minh Plastics Company and FPT.

Le Nhi Nang, head of the State Securities Commission in HCM City, said the rating focuses on the specific business performance and helps investors make their decision.

The winners have made constant efforts in areas such as corporate governance, transparency, and business development, he said.

Thien Viet Securities Companies helped the magazine compile the list. — VNS

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