Vietcombank leads Forbes’ top 50 listed Vietnamese companies in after-tax profit

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been named one of Vietnam's 50 best listed companies in 2019 by Forbes Magazine for the seven consecutive years.

It has also become the champion in after-tax profit with a growth rate of 60 percent, surpassing dairy giant Vinamilk, which had held the title in these past 3 years.

Honored companies this year were rated on the basis of compound annual growth, profit, return on equity, earnings per share growth between 2013 and 2018, branding, quality of corporate management, source of profit, and the prospect of sustainable development. This year's list includes Vinamilk, brewery Sabeco, IT giant FPT, DHG Pharmaceutical, insurance-finance group Bao Viet, digital retailer Mobile World and property developer Vingroup.

According to Forbes, the companies have recorded a combined total post-tax profit of nearly 5.6 billion USD and total capitalization of 94 billion USD, accounting for 63 percent of the total market capitalization on the Hanoi and HCM city bourses as of mid-May.

Source: VOV5