Vietjet gets a hattrick on Forbes’ 50 best listed companies in Vietnam

At the Business Forum 2019 held in Ho Chi Minh City on August 15, Forbes magazine organized a ceremony to honor Vietnam’s 50 best listed companies in 2019.

In the seventh season, Forbes announced the list of “50 best listed companies in Vietnam” gathering the leading companies on Ho Chi Minh and Hanoi Stock Exchanges as Vinamilk, Sabeco, FPT, Vietjet, DHG Pharmaceutical, Bao Viet, Mobile World, Vingroup etc. Honored companies this year were evaluated for industry categories, rated on the basis of compound annual growth rate, profit, return on equity, earnings per share growth for the period of 2013–2018, branding, quality of corporate management, source of profit and the prospect of sustainable development.

According to Forbes, the group of leading companies this year has impressive growth. 50 companies in this year’s list recorded VND127,530 billion profit after tax, up 19.2% year on year. The total capitalization of 50 companies reached to USD94 billion, equivalent to 63% of total market capitalisation on HOSE and HNX.

Especially, Forbes’ 50 best listed companies in Vietnam this year recognized the growth of private sector with Vietjet, Vingroup, Masan, Hoa Phat etc.. There are some industries contributing the most to list including real estate – construction, logistics, financial services, retails, construction materials etc.. The number of HOSE companies overwhelmed with 45 companies in the list, HNX has 5 ones.

The new age carrier Vietjet has been awarded for the 3rd consecutive time since its official listing on HOSE in February 2017. With impressive business results, VJC shares have attracted investors’ attention and being listed in VN30 in the first year of listing. In 2018, Vietjet had a high and sustainable growth year, its revenue stood at VND53,577 billion and VND5,816 billion profit before tax.

In the first 6 months of 2019, Vietjet’s air transport revenue increased sharply by 22% to VND20,148 billion, profit before tax of air transport reached VND1,563 billion, up 16% year on year. Consolidated revenue reached VND26,301 billion, up 24% and profit before tax was VND2,398 billion, up 11% year on year. Vietjet operated 68,821 flights in the first half of 2019, equivalent to 45% of total flights operating by all the Vietnamese airlines, transported 13.5 million passengers in all network. Vietjet maintained its leading position in domestic transportation.

The new age carrier has operated 129 domestic and international routes to Japan, South Korea, China, Indonesia, Singapore, Malaysia, Myanmar, Cambodia, Thailand, Taiwan etc. Vietjet also maintains the highest safety and operation indicators of the world and region.

With impressive business and operation results, Vietjet CEO also is the first self-made female billionaire in Southeast Asia, the first and only female billionaire of Vietnam in the lists of Forbes and Bloomberg, who listed in the world’s Top 100 most powerful women in 2017, 2018. The female CEO was also in the research case study of Havard University.