FPT picked as the only tech firm in Forbes Vietnam’s Top 50

With revenue of VND 32,644 billion and a market capitalization of VND 16,507 billion, FPT has climbed to No. 3 among Forbes’ Top 50 companies listed on HOSE and HNX in 2015 and become the only technology company in the list.

On August 17, the 50 best listed companies were honored by Forbes Vietnam at InterContinental Asiana Saigon, District 1, HCMC. CEO of FPT Telecom cum Director of FPT Ho Chi Minh branch Nguyen Van Khoa represented the Corp to join the event.

According to the organizers, all of the shortlisted companies reaped outstanding business results in 14 sectors. As of 27 April 2015, Top 50 had a total market value of VND 725,305 billion, accounting for over 70% of the total market capitalization. As shown by the Forbes Vietnam report, Top 50 companies on the country's stock exchange were the leading ones in their own fields, delivering good business results in the past five years, having strong positions in the market, being transparent financially and bringing about high profits to their investors.

Mr. Nguyen Van Khoa (2nd from right) receiving the honor from the organizers including

Chairman of IDG Ventures Mr. Nguyen Bao Hoang (far right); HOSE Chairman Tran Dac Sinh

(3rd from right), and Adviser to Forbes Vietnam’s editorial board Pham Phu Ngoc Trai.

The Top 50 listed companies assessment was conducted by Forbes Vietnam, applying a global standard ranking method, taking into account the characteristics of listed firms in Vietnam. Forbes based on the audited financial reports of all listed companies on HOSE and HNX in 2014. The assessment considered some key criteria such as revenue’s compound annual growth rate, profitability ratios including ROE, ROC and EPS growth for period from 2010 to 2014, corporate governance quality, and prospects for sustainable development...

In 2014, these 50 companies reached VND 483,244 billion in revenue and VND 56,211 in profit after tax. PVGas topped the list with VND 73,393 billion in revenue and VND 14,122 million in profit after tax. Vinamilk and FPT came second and third, respectively.

In the technology sector, FPT continued to be the only shortlisted company with VND 32,644 billion in revenue and VND 1,632 billion profit after tax in 2014. These figures of the first quarter in 2015 were respectively VND 14,829 billion and VND 547 billion. "Continually holding the leading position in Vietnam’s IT industry for many years, FPT’s net revenue in 2014 reached VND 32,644 billion, an increase of 21% year-on-year," reported Forbes Vietnam.

Besides the technology sector, most of the companies operated in consumer goods, real estate, construction, and oil & gas etc.

HOSE Chairman Tran Dac Sinh stated that this year, HOSE dominated with 45 representatives, accounting for 90%. This year’s list had 15 new companies which were either newly listed or improved their business performance.

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 for evaluation was based on audited financial statements of 3 consecutive years, with the most recent financial year ended 31 December 2014.

Forbes has published the list of Top 50 Vietnamese listed companies for three consecutive years. FPT has been named among this list for three consecutive years with increased rankings.