Vinamilk, Vietcombank and PetroVietnam in top Asia100 power performers
Minh Trang
July 15, 2019 | 03:27 PM GMT+7
Five local enterprises have striven to the Asia300 Power Performers, with three have got to the top 100.
Vinamilk has got into the top 50 most powerful and valuable listed companies in Asia
Vietnam’s oil and gas giant PetroVietnam Gas, leading dairy company Vietnam Dairy Products (Vinamilk), state-owned lender Vietcombank, tech giant FPT and largest private enterprise Vingroup have made it to the annual Asia 300 Power Performers rankings compiled by the Nikkei Asian Review.
Vinamilk, in particular, has been ranked 25th while Vietcombank and PetroVietnam are at the 54th and 84th position, respectively.
Rankings are updated based on the latest financial results of 325 of the biggest and fastest-growing companies in the region excluding Japan, providing a benchmark for the performance of major Asian companies. In addition to the overall ranking, the list also gives a breakdown of the five metrics used to calculate the standings, including the five-year average growth in revenue and net profit, return on equity, net profit margin, and the ratio of shareholders’ equity to total assets.
In this fourth annual list, tech companies have once again led the way, securing 11 of the top 20 slots and underscoring how the sector has driven the Asian economy. The industry, according to Nikkei Asian Review, has faced gathering headwinds, including the trade and tech conflict between the US and China.
In the top 50, China/Hongkong has 14 companies, while Vietnam has one along 13 from India, eight from Taiwan, four from Malaysia, and three from South Korea.
Japan's Hulic Co. has entered a joint venture with Indochina Kajima to develop ready-built factory projects in Vietnam, as the country cements its position as a key manufacturing hub in Asia.
Menas has officially opened Mena Gourmet Market, a premium integrated supermarket located on the B1 floor of Menas Mall Saigon Airport, near Tan Son Nhat International Airport in Ho Chi Minh City.
V-GREEN and Prime Group have signed a memorandum of understanding to develop a network of charging stations for VinFast electric vehicles across Indonesia.
Menas Vietnam has signed a strategic memorandum of understanding with SVD-Group, marking a significant milestone in introducing premium Russian products to Vietnamese consumers.
Menas has recently signed a strategic partnership agreement with Ngoc Duy Group and Da Dream Farm to introduce high-quality agricultural products from Lam Dong province to the nationwide distribution network of Mena Gourmet Market.
