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Hat-trick for Vietjet at Forbes’ 50 Best Listed Companies Ceremony in Vietnam

August 20, 2019 Accolades No Comments Email Email

The new-age carrier Vietjet has made it to the list of Forbes’ 50 Vietnam’s Best Listed Companies in Vietnam for the third consecutive year since its official listing on the Ho Chi Minh City Stock Exchange (HOSE) in February 2017. The ceremony was held by Forbes magazine at the Business Forum 2019 in Ho Chi Minh City on August 15.

In the seventh ceremony, Forbes’ “50 best listed companies in Vietnam” gathered the leading companies traded on HOSE and Hanoi Stock Exchanges (HNX) such as Vinamilk, Sabeco, FPT, Vietjet, DHG Pharmaceutical, Bao Viet, Mobile World, Vingroup among others.

This year, honored companies were evaluated for industry categories based on the compound annual growth rate, profit, return on equity, earnings per share growth for the period of 2013–2018, as well as branding, quality of corporate management, source of profit and the prospect of sustainable development.

According to Forbes, the leading companies this year have impressive growth. Fifty companies in list recorded an accumulated VND127,530 billion in profit after tax, an increase of 19.2 per cent year-on-year. The total capitalization of 50 companies has reached USD94 billion, which is equivalent to 63 per cent of total market capitalisation on HOSE and HNX.

Remarkably, Forbes’ 50 best listed companies in Vietnam this year recognized the growth of private sector including Vietjet, Vingroup, Masan, Hoa Phat and etc. Some industries contributed the most to the list such as real estate – construction, logistics, financial services, retails, construction materials, etc. HOSE dominated the list with 45 companies, leaving HNX with five.

Thanks to its outstanding business results, Vietjet’s shares have attracted investors’ attention and was listed in VN30 in the first year of listing. In 2018, Vietjet had a high and sustainable growth year, where its revenue stood at VND53,577 billion and VND5,816 billion in profit before tax.

In the first half of 2019, Vietjet’s air transport revenue has increased sharply by 22 per cent to VND20,148 billion. Its profit before tax for air transport has reached to VND1,563 billion, an increase of 16 per cent year-on-year. Consolidated revenue has reached to VND26,301 billion, an increase of 24 per cent year-on-year. Profit before tax was on record at VND2,398 billion, an increase of 11 per cent year-on-year.

Vietjet has operated 68,821 flights in the first half of 2019, which is equivalent to 45 per cent of total flights operating by all the airlines in Vietnam, and transported 13.5 million passengers in all networks. Vietjet maintained its leading position in domestic transportation.

The new age carrier has operated 129 domestic routes and international routes to Japan, South Korea, China, Indonesia, Singapore, Malaysia, Myanmar, Cambodia, Thailand, Taiwan, etc.  Vietjet also maintains the highest safety and operation indicators of the world and region.

With remarkable business and operation results, Vietjet’s CEO, Nguyen Thi Phuong Thao,  is the first self-made female billionaire in Southeast Asia. She is also the first and only female billionaire in Vietnam who debuted on the lists of Forbes and Bloomberg. She has been listed in the World’s Top 100 most powerful women in 2017 and 2018, as well as named in the research case study of Havard University.

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