US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Forbes magazine has also ranked Hoa Phat Group and VietJet Aviation as rising stars to crack the Asia's Fab 50 Companies in the years ahead.
Vingroup and Mobile World were honoured by Forbes magazine in its list of Asia’s top 50 listed companies (Asia’s Fab 50 2018).
Mobile World is known as Vietnam's leading retailer, with 2,166 stores nationwide. According to its performance report in the first quarter of 2018, Mobile World recorded the consolidated net revenue of VND44,570 billion (approximately $2 billion).
The consumer electronics chain (Dien May Xanh) contributed 56 per cent of the net turnover, following by the mobile phone chain (The Gioi Di Dong) with 41per cent and the grocery chain (Bach Hoa Xanh) with three per cent.
Last year, Mobile World was the only Vietnamese company named in the Fab 50 List. Meanwhile this is the first time Vingroup has made it to the list.
Vingroup JSC is engaged in multisectors including real estate, tourism, retail, agriculture, education, healthcare services and technology - industry. Vingroup announced the goal of becoming a world-class conglomerate specializing in technology-industry-service, of which technology is the main focus.
Regarding business results, Vingroup has continuously maintained impressive growth. According to the consolidated financial statement for the second quarter of 2018, Vingroup recorded a total consolidated revenue of VND32,741 billion (over $1.4 billion) and pre-tax profit of VND3,606 billion ($155 million). The Group's total assets reached VND242,176 billion ($10.4 billion) and equity was VND 86,838 billion ($3.73 billion).
According to Forbes, to arrive at the Fab 50, it starts with a pool of 1,744 publicly traded companies in China, India, Japan, South Korea, Australia, Vietnam, etc.
Companies named in the list are those which have at least $2 billion in annual revenue, carry long-term debt that's equal to less than half of their total capital, have less than 50 per cent state ownership and have revenue higher than it was five years ago.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.