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Six Vietnamese firms belonged to Forbes Asia's Best Under A Billion list

13:43 | 21/08/2020

Two property developers are among six firms from Vietnam to make it to Forbes Asia’s Best Under A Billion list.

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six vietnamese firms belonged to forbes asias best under a billion list
(Photo: VnExpress)

The 2020 ranking which honors 200 small and mid-sized listed companies in the Asia-Pacific region with revenues of between USD 10 million and USD 1 billion, includes real estate developers Phat Dat Real Estate Development JSC and Century Land JSC, paper manufacturer Dong Hai JSC Ben Tre, seafood processing firm Nam Viet Corp, Taseco Air Services JSC, and stationery producer Thien Long Group Corp. All six firms are listed on the Ho Chi Minh City Stock Exchange, according to VOV.

The companies recorded annual sales of USD 49-193 million, and net income of USD 8-36 million. Of the six, ANV boasted the highest annual sales of USD 193 million, followed by PDR (USD 176 million), TLG (USD 140 million) CRE (USD 100 million), DHC (USD 62 million) and AST (USD 49 million).

six vietnamese firms belonged to forbes asias best under a billion list
(Photo: Urban Economy)

PDR enjoyed the highest net income of USD 36 million, followed by ANV (USD 30 million), CRE (USD 17 million), TLG (USD 14 million), AST and DHC, tied at USD 8 million. The six Vietnamese companies beat 18,000 candidates when they were assessed for profitability, revenues and indebtedness.

Forbes Asia stated that this year's list incorporated the companies' overall track record in measures such as debt, sales, and earnings per share growth over both the most recent fiscal one and three year periods, and the strongest one and five year average returns on equity.

Companies from mainland China and Hong Kong continue to dominate the ranking with 37 entries, reported by VnExpress.

PDR enjoyed the highest net income of USD 36 million, followed by ANV (USD 30 million), CRE (USD 17 million), TLG (USD 14 million), AST and DHC tied at USD 8 million. The six Vietnamese companies beat 18,000 candidates when they were assessed for profitability, revenues and indebtedness.

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