According to Forbes Vietnam, the total after-tax profit of the 50 companies on the list reached VND228,096 billion, up 18% compared to the 2022 list. Total revenue reached VND1,490,453 billion, up 24.9%. The champion in revenue as usual belongs to Petrolimex with VND304,063 billion, while the No. 1 position in after-tax profit belongs to Vietcombank with VND29,899 billion.

The companies in the “Top 50 Listed Companies” in 2023 are classified by sector, most of which are industry leaders or have established competitive advantages. The largest proportion of the list belongs to the finance sector (banking, securities, insurance), essential consumer goods, logistics... Meanwhile, the real estate and raw materials sector has halved its representatives.

Forbes Vietnam announces the “List of 50 best listed companies” in 2023. Photo: forbes.vn

The “Top 50 Listed Companies” in 2023 does not have many new names compared to the list in recent years. In addition, the decline of the stock market and difficulties in raising international capital are the reasons for the lack of large-scale IPOs and listings. In the context of a frozen real estate market and weakening domestic consumption, defensive industries, essential consumer goods, food, logistics, and technology are on the rise…

Specifically, in 2022, the profits of listed companies in general and the list of 50 best listed companies in particular reached a record. However, in the process of making the list, Forbes Vietnam noted that the business community is in the most difficult period in the past 10 years.

These problems stem from a number of causes such as the frozen real estate market, liquidity in the primary real estate market has almost disappeared in recent months. Real estate is an important economic sector that impacts many other important sectors such as raw materials, infrastructure, construction, manufacturing industry, tourism and accommodation, and especially the banking system. On the other hand, the unhealthy state of the real estate market affects the capital market, including the bond market and the credit market.

In addition, inflation in many countries has reduced purchasing power, forcing consumers to tighten their belts. As a result, a number of Vietnam's main export sectors have declined sharply, from telephones, electronics... to labor-intensive industries such as textiles, footwear, seafood... affecting the labor market, income and employment of both FDI and domestic enterprises. Another possible cause is the decline in domestic consumer demand, affecting employment, income and economic difficulties.

To make the "List of 50 best listed companies" in 2023, companies listed on HSX and HNX are evaluated through many steps. In the preliminary round, companies need to meet the conditions of being profitable in 2022, with a minimum revenue and capitalization of VND 500 billion... In the next round, companies are quantitatively scored on 5 criteria such as compound growth rate in revenue, profit...

Next, Forbes Vietnam conducts a qualitative investigation to assess the sustainable development of the enterprise, including: Company position in the industry, source of profit, quality of corporate governance, industry prospects... Capitalization is finalized on May 30, 2023, the data used for calculation is the audited consolidated financial statements of 2022.

VNA