The Joint stock commercial Bank for Foreign Trade of Vietnam (Vietcombank), FPT Corporation, Petro Vietnam Gas Joint Stock Corporation (PVGas), Vietnam Dairy Products Joint Stock Company (Vinamilk), and Vingroup Joint Stock Company are listed in the Asia300 report, which was released recently by Nikkei Asian Review.
 |
Illustration photo |
The companies were selected based on factors such as market capitalization and growth potential.
The Nikkei Asian Review also provides in-depth analysis on their operations.
Vietcombank, is one of Vietnam's four largest State-run commercial banks. It has been a major player in international trade payment settlement and is also boosting its retail lending, according to the report.
FPT is the largest information technology company in Vietnam, engaged in a wide array of activities including software development, telecommunications, and the marketing of IT products.
PVGas is one of Vietnam's largest State-run companies, the Asia300 report noted. It runs integrated operations, from drilling for gas through to marketing, and controls nearly 70% of the domestic market for liquefied petroleum gas. It has a market capitalization of about US$9 billion, making it one of the largest publicly traded Vietnamese companies.
Vinamilk is Vietnam's largest food processor and deals in a wide variety of dairy products, including milk and yogurt. It is said to account for about 50% of Viet Nam's dairy market.
Vingroup, lastly, is Vietnam's largest real estate company and deals in a host of different properties, including houses, shopping malls, hotels, golf courses, and hospitals. The company has enhanced its brand cachet by targeting its Vincom shopping malls and Vincom Village residential areas at affluent customers.