SINGAPORE, 19 August 2019: Vietjet has been named one of Forbes’ Vietnam’s Best 50 Listed Companies.
This is the third consecutive year that Vietjet has been included in Forbes’ “50 Best” List since it was officially listed on the Ho Chi Minh City Stock Exchange (HOSE) in February 2017.
The award ceremony was held by Forbes Magazine during the Business Forum 2019 in Ho Chi Minh City 15 August.
Forbes’ seventh “50 best-listed companies in Vietnam” evaluated companies, based on the compound annual growth rate, profit, return on equity, earnings per share growth between 2013 to 2018, branding, quality of corporate management, source of profit and the prospect of sustainable development.
All 50 companies in this year’s Vietnam list accumulated USD 546 million in profit after tax, an increase of 19.2% per cent year on year. The capitalisation of the 50 companies reached USD 94 billion, equivalent to 63% of the total market capitalisation on HOSE and HNX.
The 50 best-listed companies in Vietnam this year recognised, in particular, the growth of the private sector, highlighted companies such as Vietjet, Vingroup, Masan and Hoa Phat. HOSE companies dominated the list with 45 companies, while five HNX companies were included.
In 2018, Vietjet reported revenue at VND 53,577 billion (USD 2.3 billion) and profit before tax at VND 5,816 billion (USD 249 million).
In the first six months of 2019, Vietjet’s pre-tax profit reached VND 1,563 billion (USD67 million), up 16% year-on-year.
Revenue increased sharply by 22% to reach VND 20,148 billion (USD 863 million), while the consolidated revenue reached VND 26,301 billion (USD1.1 billion), an increase of 24%.
Vietjet operated 68,821 flights and transported 13.5 million passengers in the first half of 2019, accounting for up to 45% of all flights operated by Vietnamese airlines.
The airline serves 129 domestic and international routes to countries such as Singapore, Japan, South Korea, China, Indonesia, Malaysia, Myanmar, Cambodia, Thailand and Taiwan.
