7 Vietnamese companies in Forbes Asia’s Top 200 Best Over A Billion list

Vinamilk  is among seven Vietnamese companies named in Forbes Asia’s "Best Over A Billion" list.

Five other Vietnamese firms in Forbes Asia’s latest listing of 200 top-performing Asia-Pacific listed companies with revenues of above $1 billion include food giant Masan Group; Viet Nam’s biggest brewer Sabeco; Vingroup and Vietjet Air, and Techcombank, one of the nation’s biggest private banks by assets.

Vingroup ranked first in the Vietnamese list in terms of revenue, at $5.3 billion, followed by Mobile World at $3.76 billion, and Vietjet Air at $2.33 billion. Vietjet Air has surpassed flag carrier Viet Nam Airlines to become the country’s biggest airline with 46 percent share of the country’s rapidly expanding air travel market, Forbes Asia said.

Top in 2018 net profits were Vinamilk, Techcombank, and Vietjet, with $444 million, $368 million, and $232 million respectively. Vinamilk reported the highest net income last year, at US$444 million, followed by Techcombank at US$368 million and Vietjet Air at US$232 million.

The “200 Best Over A Billion” search started with a pool of 3,200 listed companies in the Asia-Pacific region with a revenue of US$1 billion or more in their latest financial year.

Contenders were ranked by a battery of more than a dozen metrics, including average five-year sales, operating income growth, return on capital, and projected growth over the next one to two years. Those having the highest composite score earned a place in the final list of 200, Forbes Asia said.

                                                                                                            By Hoang Ha