Five Vietnamese firms in ASEAN top 100 of Nikkei Asian Review

The companies have been selected from among six major ASEAN countries based on such factors as market capitalization and growth potential, the English-language publication that covers Asian business news said in its November 20 issue.

Prepared for the first time to mark the first anniversary of the publication, the list of the companies is featured in the new ASEAN 100 section in Nikkei Asian Review, which actually includes more than 100 publicly traded companies from the ASEAN countries.

The ASEAN 100 starts with 122 companies: 25 from Singapore, 25 from Thailand, 25 from Indonesia, 22 from Malaysia, 20 from the Philippines and five from Vietnam, according to Nikkei Asian Review.

ASEAN is a ten-member bloc comprised of such Southeast Asian countries as Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam.

The five Vietnamese representatives are the Commercial Bank for Foreign Trade of Vietnam (Vietcombank), FPT, PetroVietnam Gas, Vietnam Dairy Products (Vinamilk), and Vingroup.

Forty-four listed companies in the ASEAN 100 boasted a market capitalization of US$10 billion or more as of the end of October, while 24 reported more than $1 billion in net profit in the most recent financial year, according to Nikkei Asian Review.

Founded on September 13, 1988 and headquartered in Hanoi, FPT Corp. provides information, technology, and telecommunications products and services.

FPT’s market capitalization is $789.58 million, according to data updated on November 21 by Nikkei Asian Review.

The company posted $1.28 billion in revenue and a $263.38 million gross profit in 2013.

Vietcombank has a market capitalization of $3.42 billion, whereas its 2013 revenue topped $1.62 billion.

Petrovietnam Gas JSC is a subsidiary of the leading Vietnamese oil and gas giant PetroVietnam, with a market cap of $8.81 billion; while Vinamilk is Vietnam’s largest dairy producer with $1.47 billion in revenue in 2013.

Vingroup JSC engages in the construction of retail outlets, commercial offices, and residential units.

The company, which also offers entertainment services, posted $909.8 million in revenue last year.

Launched in November 2013, Nikkei Asian Review is an English-language business journal operated by Nikkei Inc., one of the largest media corporations in Japan, which specializes in publishing financial, business, and industry news.