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Vingroup has overtaken nearly 1,700 other companies to appear in the ‘Fab 50’. Photo for illustration: vietnamnet.vn |
The 50 Best Companies in Asia – ‘Fab 50’ – were selected from 1,744 regional companies including China, India, Japan, the Republic of Korea, Australia, Thailand and Vietnam. The companies must meet strict criteria such as: reaching the minimum market capitalization of USD 2 billion on the stock market, not having more than 50 percent of shares owned by the State, a debt ratio not exceeding 50 percent and ensuring steady revenue growth over the last five years.
Forbes also examines the financial strength of companies through a variety of analytical and measurement methods in order to honor the best listed performing companies among firms in the region.
With a market capitalization of USD 14.1 billion on the stock market and multidisciplinary operations in key areas such as real estate, tourism-entertainment, retail, agriculture, education, health and technology, Vingroup has overtaken nearly 1,700 other bright companies to appear in the ‘Fab 50’.
According to the consolidated financial statement for the second quarter of 2018, Vingroup had total consolidated revenue of VND 32.7 trillion (USD 1.4 billion), marking an increase of 63.3 percent over the same period of 2017. Pre-tax profit in Q2 this year was VND 3.6 trillion, up 90.3 percent year-on-year.
By June 30, Vingroup had total assets worth VND 242.17 trillion and owner’s equity of VND 86.8 trillion, up 13.3 percent and 65.2 percent, respectively.
Earlier, Vingroup was recognized by the international community as in the top 40 most valuable brand names of Vietnam in 2018 (Forbes), the top 300 most dynamic businesses in Asia (Nikkei Asia ) and Top 50 Brands in Vietnam (Brand Finance).
Source: VNA