Phu Nhuan Jewelry Company (PNJ) has been included in the list of "50 best listed companies" for the 9th consecutive time.
Forbes Vietnam organized the "2023 Business Forum" and the ceremony to honor the 50 best listed companies in Vietnam in 2023 in Ho Chi Minh City on the evening of August 17. With the theme "Innovating the growth model", the event gathered many experts and senior leaders from large domestic and international enterprises. All discussed technology trends, new business models and practical experiences in the context of a volatile market.
Top 50 companies honored at "Business Forum 2023". Photo: Xuan Loc
The list is now in its 11th year, ranking based on the audited consolidated financial statements of companies listed on the Ho Chi Minh City Stock Exchange (HSX) and the Hanoi Stock Exchange (HNX). The total after-tax profit of the 50 companies on the list reached VND228,096 billion, up 18% compared to 2022.
Thanks to its increasing indicators and emphasis on transparency, PNJ is in the Top 50 best-performing listed companies on the Vietnamese stock exchange. At the same time, it is in the Top 3 leading brands in personal and industrial consumer goods, also voted by Forbes . Thanks to that, the company's shares always attract investors.
Mr. Le Tri Thong - Vice Chairman of the Board of Directors and General Director of PNJ - received the certificate from the organizing committee on behalf of the company. Photo: Xuan Loc
The list is divided by sector, most of which are leading enterprises or have established competitive advantages. Forbes Vietnam evaluates through many steps, scoring quantitatively on five criteria: compound growth rate of revenue, profit, ROE, ROC and EPS growth in the period 2018-2022; qualitative investigation to assess the sustainable development of enterprises (including position in the industry, source of profit, quality of management, industry prospects...).
35 years of development, PNJ aims to become the leading retail enterprise in Vietnam
In the period of 2018-2022, with the core foundation and the policy of liberation and regeneration, the unit gradually transformed itself, conquering many milestones: revenue in 2022 reached 33,876 billion VND, profit after tax reached 1,811 billion VND, respectively increasing three times and 2.5 times compared to 2017.
PNJ jewelry is highly appreciated by users. Photo: Xuan Loc
In addition, the internal maturity of enterprises is also reflected in the following factors: increased labor productivity; effective inventory management, supply chain optimization; retail platforms continue to create highlights in operations and investment costs; improving production capacity, manufacturing level...
Since the beginning of the year, the domestic and international economic picture has been full of difficulties and challenges, but with the spirit of "upgrading, regenerating - reaching out strongly", PNJ has completed 55.9% of the annual profit plan and optimized operations. In the future, the unit will pursue a long-term strategy, opening new chains of stores, strengthening the distribution network, and increasing the accuracy of marketing.
Thanks to the appropriate business strategy, PNJ continuously appears in major rankings such as: Most valuable jewelry brand in Vietnam announced by Brand Finance; honored by Retail Asia as "Retail marketing initiative of the year".
Van Phat
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