The 2017 list of 50 best performing businesses released by Nhip Cau Dau Tu reflects the return of the enterprises in the fields of banking, real estate, construction and consumer goods. It reflects the performance of the national economy and strength of banking, finance and real estate sectors.
The comeback of commercial banks is foreseeable as banks, after five years of restructuring, have regained strength.
The club of enterprises with billions of dollars of capitalization value has new members, namely VPB of VP Bank and HDB of HCMC Development Bank, while VCB of Vietcombank, MBB of Military Bank and ACB of the Asia Commercial Bank continue to cement their positions there.
According to Thien Viet Securities, Vietcombank, Military Bank and ACB succeeded in the last year because they pursued a business strategy under which risk management is put at the top priority, above the target of making profits.
They are following a ‘financial prudence’ philosophy when designing risk management standards closer to international standards.
Banks’ prosperity has also been attributed to the warming up of the real estate market, while real estate firms have taken full advantage of the favorable conditions to develop their business.
The most outstanding real estate names in top 50 include Vingroup, Dat Xanh Real Estate, Novaland, Phat Dat, Nha Khang Dien and CEO.
The consumer goods manufacturing and pharmacy sectors still have familiar names such as The Gioi Di Dong, Traphaco, Hau Giang Pharmacy, PNJ (jewelry), Masan (consumer goods), Vinamilk (dairy producer) and Sabeco (brewer).
While the first position of the 2016 Top 50 list belonged to a business of the retail industry, the position in 2017 belongs to a representative in the transport industry – Vietjet Air.
With 43 percent market share, and an ROE at a surprisingly high level of 70.3 percent in the last three years, Vietjet Air was the brightest star in the Vietnamese business community in 2017.
The industrial sector has 18 representatives listed in the Top 50. According to Thien Viet Securities, the industry has been growing rapidly thanks to increasingly high demand from infrastructure development. A report showed that loans poured into the sector increased by 22.38 percent last year, higher than the 18.24 percent of the economy.
Nevertheless, as anticipated, no name in the oil and gas sector was found in the Top 50, which reflects difficulties the industry is facing as crude oil prices still hover around $52-55 per barrel.