Forbes announces 100 largest firms in Vietnam for first time

December 31, 2019 | 10:21

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Forbes Vietnam has announced a list of the 100 largest public firms in the country for the first time.

forbes announces 100 largest firms in vietnam for first time

A view of Vingroup's Vincom Centre Landmark 81 in HCM City. - Photo forbesvietnam.com.vn

Featured on the list are 65 firms registered on the HCM Stock Exchange (HOSE), 23 firms on the Unlisted Public Company Market (UPCOM) and seven firms on the Ha Noi Stock Exchange (HNX).

Fobes Viet Nam evaluated the firms on revenue, profit, total assets and market capitalisation under the Forbes’s global 2000 ranking method.

Set apart from the "50 Best Listed Companies" from the HSX and HNX, the new list includes unlisted firms on the UPCOM.

Vietcombank, BIDV, VietinBank and Vingroup top the rankings.

Five of the top ten are private enterprises: Vingroup, Vinhomes, Hoa Phat, Techcombank and VPBank. Other private firms such as Thaco and Masan also rank high on the list.

The banking sector dominates with 22 firms, including six in the top ten. The oil and gas, real estate and retail sectors follow.

Petrolimex leads revenue with US$8.35 billion, while Vietcombank tops after tax profit with $636 million.

With $57 billion, BIDV takes first place in terms of assets, while Vingroup leads market capitalisation with approximately $16.5 billion.

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)

Bank for Investment and Development of Viet Nam (BIDV)

Vingroup

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)

Vinhomes

PetroVietnam Gas Corporation (PV Gas)

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank)

Hoa Phat Group

Military Commercial Joint Stock Bank (MBBank).