Vietjet was recognised as one of the leading companies in “Vietnam’s 50 Best Performing Companies 2018”. Held in Ho Chi Minh City on 27 June 2019, the award ceremony celebrated the leading companies listed on Vietnam’s stock market for their significant contribution to the economy.
The annual event was conducted by Nhip Cau Dau Tu Magazine (Investment Bridge Magazine) in partnership with Thien Viet Securities, with expert economic and business consultants from Harvard Business School. The awards take reference from world ranking charts such as Bloomberg Businessweek, Fortune and Forbes to recognise and award listed companies for their performance and business results between 2016 and 2018. Success is based on Revenue Growth Rate, Return on Equity (ROE) and Earnings per Share (EPS).
Vietjet’s SR-CAGR (Compounded Annual Growth Rate) and ROE were at 39.24 per cent and 59.7 per cent, respectively. Market capitalisation reached 2.68 billion USD, making Vietjet one of the largest capitalised enterprises on the Vietnam Stock Market. Since its listing, Vietjet has been recognized as a representative for successful Vietnamese enterprises.
The top 50 companies this year have a total market capitalisation of 98 billion USD, with 17 companies exceeding 1 billion USD. Enterprises in the top 50 also generated a total of 1,200,000 billion VND (approximately 51 billion USD) and 127,000 billion VND (approximately 5.5 billion USD) in profits, an increase of 52 per cent and 47 per cent compared to the same period in previous years. In the context of an unsustainable global economy due to political reasons, the performance of Vietnamese enterprises in 2018 showed the potential for strong development and sustainability from leading Vietnamese companies.
Hundreds of influential business leaders, financial institutions, macroeconomic executives, prestigious domestic and foreign investors attended the award ceremony and also participated in talks concerning the Macroeconomic forecasts for 2019 to 2020, amongst other international and local business topics.