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Four Vietnamese firms in Forbes Asia’s 'Best Under A Billion' list

Update: July, 31/2019 - 15:25
Among the four firms that made it to the list, Đất Xanh Group has the highest market value at US$285 million, followed by Phú Tài ($128 million), Bình Dương Minerals ($53 million) and Đồng Nai Port ($43 million). — Photo courtesy of Forbes

HÀ NỘI — Four Vietnamese companies have been named among this year’s 200 top-performing public companies in Forbes Asia’s 'Best Under A Billion' list.

Bình Dương Minerals and Construction Joint Stock Company, Đất Xanh Group, Đồng Nai Port Joint Stock Company and Phú Tài Joint Stock Company were all listed.

Among the four firms, Đất Xanh Group has the highest market value at US$285 million, followed by Phú Tài ($128 million), Bình Dương Minerals ($53 million) and Đồng Nai Port ($43 million).

In terms of sales, Phú Tài led the group with $205 million, Đất Xanh ranked second with $202 million, followed by Bình Dương Minerals ($51 million) and Đồng Nai Port ($29 million).

Forbes highlighted Đất Xanh Group as the country’s largest property brokerage, established by Lương Trí Thìn in 2003. Born into an underprivileged family, Thìn was a street vendor, porter and rice merchant before becoming a real estate broker.

“Đất Xanh, where Thìn is chairman and CEO, branched into property development in 2007 and now has 28 projects with 652ha under construction. The company invested around $2 billion in these projects, comprising affordable condominiums for Việt Nam’s rapidly expanding middle class,’ Forbes wrote.

The 'Best Under A Billion' list honours 200 leading public companies in the Asia Pacific region with annual revenue between $5 million and $1 billion.

According to Forbes Asia, the 200 companies posted more than 50 per cent average growth in annual net profit and sales in their latest financial year for a combined $10 billion and $54 billion, respectively. — VNS

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