FPT and Vietinbank fall lower among most valuable brands

August 06, 2018 | 12:09

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There are new names among the ten most valuable brands in Vietnam in 2018, while FPT and Vietinbank fell down a couple of steps.

fpt and vietinbank fall lower among most valuable brands

VNPT made it among the top ten for the first time

Forbes Vietnam has published the list of the 40 most valuable brands in Vietnam in 2018. Accordingly, these 40 brands are valued at $8.1 billion, up 30 per cent on-year.

Enterprises in the top ten operate in real estate, telecommunications, banking, and consumer goods.

This year, Vietnam saw decreases in the position of Vingroup, FPT, and Vietinbank. Notably, Vingroup, which is valued at $307.2 million, decreased from the third position in 2017 to the seventh position this year.

Besides, FPT fell from sixth to tenth this year, with the valuation of $169 million, and Vietinbank was knocked out from the top ten to the 11^th position, with the valuation of $153.6 million.

Despite Vingroup’s fall, its residential property arm called Vinhomes appeared in the top ten for the first time, at the fifth position with $384 million.

Along with Vinhomes, state-owned Vietnam Posts and Telecommunications Group (VNPT) and Vinaphone made it to the top ten for the first time, with the valuation of $416 million and $308 million, respectively, replacing BIDV and Truong Hai Auto.

The other brands in the top ten are Vinamilk ($2.28 billion), the country’s biggest brewery Sabeco ($393 million), food and beverages producer Masan Consumer ($238 million), and Vietcombank ($177.9).

Forbes compiled the list by looking at the brands' incomes before and after tax, based on their financial reports and data from the stock market.

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional