Four Vietnamese companies have been named among this year's 200 top-performing public companies in Forbes Asia's 'Best Under A Billion' list.
Four Vietnamese companies have been named among this year’s 200 top-performing public companies in Forbes Asia’s 'Best Under A Billion' list.
Binh Duong Minerals and Construction Joint Stock Company, Dat Xanh Group, Dong Nai Port Joint Stock Company and Phu Tai Joint Stock Company were all listed.
 |
| Among the four firms that made it to the list, Dat Xanh Group has the highest market value at US$285 million, followed by Phu Tai ($128 million), Binh Dưuong Minerals ($53 million) and Dong Nai Port ($43 million). — Photo courtesy of Forbes |
Among the four firms, Dat Xanh Group has the highest market value at US$285 million, followed by Phu Tai ($128 million), Binh Duong Minerals ($53 million) and Dong Nai Port ($43 million).
In terms of sales, Phu Tai led the group with $205 million, Dat Xanh ranked second with $202 million, followed by Binh Duong Minerals ($51 million) and Dong Nai Port ($29 million).
Forbes highlighted Dat Xanh Group as the country’s largest property brokerage, established by Luong Tri Thin in 2003. Born into an underprivileged family, Thin was a street vendor, porter and rice merchant before becoming a real estate broker.
“Dat Xanh, where Thìn is chairman and CEO, branched into property development in 2007 and now has 28 projects with 652ha under construction. The company invested around $2 billion in these projects, comprising affordable condominiums for Vietnam’s rapidly expanding middle class,’ Forbes wrote.
The 'Best Under A Billion' list honours 200 leading public companies in the Asia Pacific region with annual revenue between $5 million and $1 billion.
According to Forbes Asia, the 200 companies posted more than 50 per cent average growth in annual net profit and sales in their latest financial year for a combined $10 billion and $54 billion, respectively.
(Source:VNS)
