Hanoi (VNS/VNA) - Forbes Vietnam hasannounced Vietnam’s 50 top listed companies for 2018, which account for 70.8 percentof total market capitalisation on the HCM and Hanoi stock exchanges.

The 50 listed companies on the two stockexchanges have recorded a combined total profit of nearly 107 trillion VND (4.75billion USD), a yearly increase of 34 percent. Forbes Vietnam in 2017 reportedthe figure at 79.4 trillion VND.

The firms listed with the highest revenuewas the Vietnam National Petroleum Group (Petrolimex) with 153.7 trillion VND worthof revenue, while Vietnam Dairy Products Joint Stock Company (Vinamilk) topsthe list in terms of post-tax profit, posting 10.3 trillion VND.

Property developer Vingroup is the largestcompany by market capitalisation, according to Forbes Vietnam, with its marketvalue reaching 15 billion USD on May 15.

Financial-banking, real estate, retail andconsumer companies account for a large proportion of the market value, notablycompanies such as Vietinbank, Vietcombank, insurer Bao Viet Holdings, digitalretailer Mobile World Investment Corporation and food and beverage producerMasan Group.

The HCM Stock Exchange dominates the50-best-listed-firm list with 47 companies while the Hanoi Stock Exchange hasjust three. Compared to last year, there were 10 changes in the list with sevenmaking their first entries, including VPBank, Viet Capital Securities andSouthern Basic Chemicals JSC.

“Forbes Vietnam’s sixth list of topcompanies in Vietnam reflects the movement of the Vietnamese economy and thesecurities market in the last year,” said Nguyen Lan Anh, editor of the ForbesVietnam magazine.

“Positive conditions of the financialmarket have increased the number of well-performing financial-securities firms,followed by some other key industries such as property development andlogistics,” she said.

In the past 12 months, the Vietnamese stockmarket has made some significant achievements despite recent volatile weeks.The benchmark VN Index set its new historical high of 1,204 points in earlyApril and the derivatives market also operated officially after having beendelayed for a while.

In addition, the State’s divestment fromsome large-cap firms like dairy producer Vinamilk and brewer Sabeco beatanalysts’ expectations and the listing of large-cap private companies likeVinhomes, Vincom Retail and Techcombank has boosted the total market value.

By mid-May, the total market value of the Vietnamesestock market reached 168 billion USD, equal to 80 percent of Vietnam’s grossdomestic product (GDP). That excludes the market value of the high-end propertydeveloper Vinhomes, which debuted on the HCM Stock Exchange on May 17 and has amarket value of 13 billion USD.

Forbes Vietnam applies company rankingmethods of Forbes (an American Business Magazine), taking into considerationthe characteristics of the businesses listed in Vietnam. The assessment isbased on the financial statements audited for five consecutive years from 2013to 2017. Forbes considered all the listed shares and arranged them by eachsector group.

The list has been compiled to provideinformation on companies with outstanding business results and high profits forinvestors. Besides this, it is also to honour and encourage the spiritentrepreneurialism.-VNA