BIDV among Top 50 best public companies

tue mInH

Top 50 best public companies in Vietnam 2021 had combined revenue of more than VND1.2 quadrillion (USD52.5 billion), up 8.7 percent from 2020.

Forbes Vietnam recently released the list of 50 best companies listed on Ho Chi Minh City Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) which have the best business performance in 2021. According to Forbes Vietnam’s data, the 50 companies achieved a total revenue of more than VND1.2 quadrillion and profit after tax increased to nearly VND175 trillion (USD7.6 billion).

According to the list, BIDV ranked 12th. On the global scale, BIDV has been named in Forbes Global 2000 - the Top 2000 largest public companies in the world - for the seventh consecutive year. According to VNR500 rankings, BIDV is among Top 10 largest companies in Vietnam for 4 years running.

Most of the companies on the list have successfully established their competitive position in the market, leading not only in their industries but also in the country’s economy. Forbes Vietnam’s evaluation is based on criteria including compound growth rate of revenue and profit, ROE-ROC ratio and EPS growth for the period 2016-2020; qualitative survey to assess the level of sustainable development of the enterprise: the company's position in the industry, the source of profits, the quality of management, the prospect of industry development.

Evaluation data based on the audited financial statements of the enterprise, its dependent subsidiaries or having a low business position are not considered.

Given the impact of the Covid-19 pandemic, many industries have experienced strong fluctuations and disruptions, resulting in the change of top 10 rankings compared to the 2020 list. Companies in the financial and banking sector had a good year of business, with three banks in the top 10 in terms of revenue this year. In the Top 10 by profits, banks have seven representatives. This is the biggest change of the top 10 in this year list.

Overall, the list of 50 best public companies in 2021 has seen 19 changes, of which 8 companies return to the list and 11 on the list for the first time. The pandemic has slowed down the tourism industry and disrupted the supply chain, resulting in the absence of airline and transportation service representatives in the list.