Vingroup and Mobile World named amongst 50 Asia’s largest listed companies

By Viet Hung - Sep 10, 2018 | 09:40 AM GMT+7

TheLEADERForbes 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 and Mobile World named among Asia’s largest listed companies

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.