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Published date: November 23, 2019
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  • Location: United States

Vietnam oil and gas giant PetroVietnam, leading dairy company Vinamilk, Vietcombank, tech company buy rs 07 gold FPT and real estate conglomerate Vingroup make an appearance in the fourth annual Asia 300 Power Performers Ranking compiled by the Nikkei Asian Review. In the top 100 power performers list, Vinamilk ranked 25th while Vietcombank, one of the country's leading banks, came in 54th and state run PetroVietnam was in 84th place. The Japan based publication ranked 325 companies from 11 economies across the continent by analyzing the growth, profitability, efficiency and financial soundness of the companies based on their earnings for the most recent fiscal year. The picks were based on the firms' five year average growth in revenue and net profit, return on equity (ROE) ratio, net profit margin and shareholder equity (to asset) ratio. They Vietnam Dairy Products JSC (Vinamilk), Commercial Bank for Foreign Trade of Vietnam (Vietcombank), FPT Corporation (FPT), PetroVietnam Gas Corporation (PV Gas) and real estate firm Vingroup. The firms were recognised for their market value and potential. Vinamilk, Vietcombank and PV Gas were also among top 100 companies in Asia. They ranked 54th 84th, respectively. The rankings were based on the firms' five year average growth in revenue and net profit, return on equity (ROE) ratio, net profit margin and shareholder equity (to asset) ratio. Apart from FPT, the other companies are also among the top 10 largest listed firms on the Vietnamese stock market. Vingroup (HoSE: VIC) is the largest with a [Read more.] about Vietnamese firms named among top 300 Asian businesses

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