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.
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PVI Asset Management (PVI AM) and SonKim Capital (SK Capital), a business unit of SonKim Group has announced a strategic collaboration to develop innovative real estate investment products tailored for institutional investors and high-net-worth individuals.
Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.
Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.
Lux Travel DMC has solidified its position as one of the global leaders in sustainable tourism with the prestigious Travelife Certified Sustainability Award 2025.
