Businesses are honoured at the 2018 Việt Nam’s Top 50 awards in HCM City yesterday.— Photo courtesy of the organiser

HCM CITY  Việt Nam’s 50 best performing businesses (Top 50) in 2018 were honoured at a ceremony in HCM City yesterday.

The ranking has been done annually by Nhịp Cầu Đầu Tư (Investment Bridge) magazine and Thiên Việt Securities JSC since 2012 to honour the most effective listed companies.

The rankings are based on revenues, return on equity (ROE) and earnings per share (EPS) for the last three years.

The Top 50 for last year includes some of the country’s leading companies such as Mobile World Investment Corporation, Hòa Bình Construction Group JSC, Vietjet Aviation JSC, Vingroup JSC, and Asia Commercial JS Bank.

They had a combined market capitalisation of more than US$98 billion, with 17 of them having market caps of over US$1 billion, and were in retail, consumer goods, banking, real estate, telecommunications, and aviation.

Specially honoured were eight companies that made it to the Top 50 all eight years since the awards were instituted.

The ceremony also included a seminar on the Vietnamese economy in 2019-2020 and the challenges faced by Vietnamese business amid the US-China trade war.

The speakers included Deputy Minister of Industry and Trade Đỗ Hải Thắng besides economists and executives from leading businesses.

Thắng said, “The Top 50 ceremony has significance in the context that the Government pays special attention to promoting the private economic sector and building a strong Vietnamese business community.”

“The honour is an encouragement and motivation to Vietnamese enterprises to continue to develop.” — VNS