According to Forbes Vietnam Magazine, total market capitalisation of these companies were 829 trillion VND (37 billion USD), accounting for 62.14 percent of the total market on the two Vietnam’s stock market as of May 16, 2016. The magazine selected 50 companies of all sizes with the best business performance in 13 sectors, including multidisciplinary.
Their total revenue of these companies reached 475.5 trillion VND, or 37.77 percent of the of total market revenue and their profit after tax reached 53.5 trillion VND, 53 percent of the total profits in the market.
Most of the companies in this list were traded on the HCM Stock Exchange (HoSE), only five companies were listed on the Hanoi Stock Exchange (HNX). Compared to last year, the list 2016 has 10 new companies.
According to Forbes Vietnam, the companies related to the consumer industry on the list continued to thrive and the recovery of the real estate market saw the realty industry bounce back in the stock market.
The realty industry had the strongest showing in this year's list including ten companies with popular names like Vingroup, Ha Do or Fecon, Dat Xanh Group and Khang Dien House.
On the contrary, low prices of oil and gas that resulted in lower revenues and profits of related companies pulled out all stocks of the industry from this year's list.In the last three years, the PetroVietnam Gas Joint Stock Corporation (PV GAS) as the representative of the oil industry often listed as one of the top five in previous lists. This year, it was still in the list but as a representative of the appliance industry.
FPT Joint Stock Company was the only representative of the technology industry while HauGiang JSC and Traphaco represented the pharmaceutical industry and Masan Group and Refrigeration Electrical Engineering Corporation (REE) were listed in the multidisciplinary group.
For the agriculture production industry, Thanh Cong - Tay Ninh Sugar Company and Pan Group were two new representatives on the list.
While in the financial and insurance sector, new comers like Asian Commercial Bank (ACB) and PetroVietnam Insurance (PVI) joined the list with Vietcombank, Saigon Securities Inc (SSI), and HCM Securities Company (HCM) and Bao Viet Holdings (BVH).
The milk producer Vietnam Dairy Products JSC (VNM), steel makers Hoa Sen Group and Hoa Phat Group, Thien Long Group (TLG) and Rang Dong Light Source and Vacuum Flask (RAL) were also selected in the list this year.
Forbes Vietnam used its own method to formulate the list with the consideration of specific characters of local businesses under the basis of the audited financial statements in five years in a row and the fiscal year 2015 of all the companies. The list this year reflected changes in the economy.
