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FPT only tech company on Forbes Top 50

Released at: 15:02, 04/06/2015

FPT only tech company on Forbes Top 50

Corporation in third spot on list of leading companies compiled by Forbes Vietnam.

by Hoai An

Forbes Vietnam has announced its list of the Top 50 best companies on the country's stock exchange, with outstanding business performance, a strong position in the market, and providing high profits for investors.

With a capitalized value of VND16.5 trillion ($800 billion), FPT has climbed to No. 3 and become the only technology company on the list. Its revenue and profit after tax were VND14.8 trillion ($700 million) and VND547 billion ($25.4 million), respectively, in the first quarter of 2015.

Together with technology most of the enterprises on the list are in the fields of consumer goods, real estate, construction, and petroleum, with growth primarily coming from the size of the population and resources.

PVGas heads the Forbes list with VND73.4 trillion ($3.4 billion) in sales revenue and VND14.1 trillion ($600 million) in profit after tax. Last year Vingroup held top position and PVGas was ranked only fifth. Vinamilk came second, with VND15 trillion ($696.6 million) in sales revenue and VND6 trillion ($282.2 million) in profit after tax. 

Compared to previous years the entrants on this year’s list have changed quite a bit due to the appearance of newly-listed companies and others recording improved business efficiency.

According to Forbes Vietnam the list is based on the ranking of the parent company and takes into account the characteristics of listed firms in Vietnam. The data used is based on financial statements for the last three consecutive years.

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