Nikkei Asian Review listing also provides analysis of all companies finding a place on the list.
FPT, Vietcombank, PetroVietnam Gas (PVGas), Vinamilk, and Vingroup have all appeared on the Asia300 list released recently by Nikkei Asian Review.
The Asia300 features leading companies from eleven countries and regions, including China and members of ASEAN.
“The center of gravity in the global economy is shifting eastward, and it is easy to see why so many scholars and analysts are saying this will be the ‘Asian century’,” said Mr. Akio Fujii, Editor-in-Chief of Nikkei Asian Review. “We started the Nikkei Asian Review in late 2013 because we wanted to be the reporters to bring you the news behind this historic shift.”
The companies were selected based on factors such as market capitalization and growth potential. The Nikkei Asian Review also provides in-depth analysis on their operations.
FPT, it wrote, is the largest information technology company in Vietnam, engaged in a wide array of activities including software development, telecommunications, and the marketing of IT products. The company went public on the Ho Chi Minh Stock Exchange in 2006. Its market capitalization, at about $800 million, is one of the largest among non-State entities. The company founded a university in the hope of expanding the pool of capable engineers, setting a goal of more than tripling the number of engineers who speak Japanese to 10,000 by 2020.
Vietcombank, meanwhile, was spun off from the State Bank of Vietnam and is one of Vietnam’s four largest State-run commercial banks. It has been a major player in international trade payment settlement and is also boosting its retail lending. Highly profitable in the domestic market, Vietcombank is now setting its sights on global markets, aiming to become one of the world’s 300 largest banking institutions in terms of profitability and deposits by 2020.
PVGas is one of Vietnam’s largest State-run companies, the Asia300 report noted. A member of PetroVietnam, PVGas is the largest natural gas company in the country. It runs integrated operations, from drilling for gas through to marketing, controls nearly 70 per cent of the domestic market for liquefied petroleum gas, and has a market capitalization of about $9 billion, making it one of the largest publicly traded Vietnamese companies. The company is actively pursuing a policy of collaborating with foreign companies, and in June 2014 signed a liquefied natural gas trading contract with Royal Dutch Shell. In 2012 it teamed up with Tokyo Gas.
Vinamilk is Vietnam’s largest food processor and deals in a wide variety of dairy products, including milk and yogurt. It is said to account for about 50 per cent of Vietnam’s dairy market. Its high potential is recognized outside the country as well and foreign investors own 49 per cent of the company. Its market capitalization is the second largest in Vietnam, at around $5.5 billion.
Vingroup, lastly, is Vietnam’s largest real estate company and deals in a host of different properties, including houses, shopping malls, hotels, golf courses, and hospitals. The company has enhanced its brand cachet by targeting its Vincom shopping malls and Vincom Village residential areas at affluent customers. One of the few entirely non-State concerns in Vietnam, Vingroup is about 30 per cent owned by its largest shareholder and founder, Pham Nhat Vuong. Foreign investors have a combined interest of about 15 per cent, and its market capitalization, at approximately $3 billion, is the largest among non-State companies, according to the Asia300 report.
Among countries with enterprises listed in the Asia300, Vietnam recorded the lowest number. China and Hong Kong had 83, Taiwan 40, South Korea 42, Singapore, Thailand, and Indonesia 25, Malaysia 22, the Philippines 20, and India 44.
Through the Asia300 Nikkei Asian Review furthers its reporting in the region and aims to build the world’s largest hub for Asian corporate news.