Vietjet named one of Forbes’ 50 best listed companies in Vietnam

By Trang Nguyen - Aug 16, 2019 | 10:22 AM GMT+7

TheLEADERLow-cost carrier Vietjet has made it to the list of Forbes’ 50 Best Listed Companies in Vietnam for the third time since its official listing on the southern bourse in February 2017.

Vietjet named one of Forbes’ 50 best listed companies in Vietnam
Vietjet has been honoured as one of Forbes’ 50 best listed companies in Vietnam

50 best listed companies in 2019 have been honoured by Forbes at the Business Forum 2019 held in Ho Chi Minh City on August 15. Together with Vietjet, the list consists of major companies traded on the Ho Chi Minh City and Hanoi stock exchanges (HSX and HNX) such as Vinamilk, Sabeco, FPT, Vietjet, DHG Pharmaceutical, Bao Viet, Mobile World, Vingroup and others.

These local companies were evaluated for industry categories and rated on the basis of compound annual growth rate, profit, return on equity, earnings per share growth for the period of 2013-2018, as well as branding, quality of corporate management, source of profit and the prospect of sustainable development.

According to Forbes, the nominated companies this year have had rather impressive growth. 50 companies in list have recorded an accumulated VND127.530 trillion ($5.54 billion) in post-tax profit, up 19.2 per cent on-year. The market capitalisation of these has reached $94 billion, representing 63 per cent of the total market capitalisation on HOSE and HNX.

In 2018, Vietjet had reported its revenue at VND53.577 trillion ($2.33 billion) and VND5.816 trillion ($252.87 million) in pre-tax profit.

In the first half of 2019, the airline’s air transport revenue has increased by 22 per cent to VND20.148 billion ($876 million). Its pre-tax profit for air transport has added up to VND1.563 billion ($67.96 million), an increase of 16 per cent on-year. Consolidated revenue, meanwhile, has risen to VND26.301 trillion ($1.14 billion), a growth of 24 per cent on-year. Pre-tax profit was on record at VND2.398 trillion ($104.26 million), up 11 per cent on-year.

Vietjet has operated 68,821 flights in the first half of the year, accounting for 45 per cent of total flights operating by all the airlines in Vietnam.