On July 10, Forbes magazine announced the annual list of 200 small and medium-sized public companies with turnover of less than US $ 1 billion operating the best in Asia-Pacific region.

According to assessment of Forbes, the list of companies with strong growth has an average of more than 50% of annual revenue and net profit in the latest financial year. The total market value of the group in 2019 fell 10% to $ 228 billion compared to the same period last year, partly due to the prolonged trade war between the US and China affecting the psychology of investors.

As usual, companies from China, Hong Kong and Taiwan continue to dominate the list with 122 units (up from 108 in 2018). However, the list also appears some other notable names. For example, Indonesia's Kresna Graha Investama, the company that first made the list, has grown an average of 375% in revenue over the past three years thanks to benefiting primarily from the booming e-commerce industry in this country.

Vietnam has 4 enterprises participating in the list: Dat Xanh Group, Phu Tai JSC, Binh Duong Mineral and Construction JSC and Dong Nai Port JSC - Screenshot of the rank on www.forbes.com

 

4 Vietnamese companies win the list of 200 enterprises with the turnover under US $ 1 billion having the most effective business in Asia-Pacific region

Dat Xanh Group is a large real estate enterprise in Vietnam, especially in the field of brokerage and investment in project development, founded in 2003by Mr. Luong Tri Thin.

Born into a poor family, Mr. Thin worked in many different jobs such as street vendors and porters before becoming a real estate broker. He currently assumes the position of Chairman and CEO of Dat Xanh Group, which is having 28 projects with 652 hectares under construction. The Group has invested about US $ 2 billion in these projects, including the fast growing affordable condominiums for the middle class in Vietnam.

Dat Xanh Group's revenue increased 61% to VND 5,000 billion (US $ 202 million) in 2018 while net profit increased 57% to VND 1,200 billion. The brokerage department sold 28,000 houses last year, increasing 27% compared to 2017 and accounted for about half of the group's revenue.

Dat Xanh Group aimed to sell more 32,000 houses this year to strengthen its leading position in the real estate brokerage industry in Vietnam, where the group is holding about 30% of the market share.

Phối cảnh dự án Le Pavillon của Công ty CP Đất Xanh Miền Trung

4 Vietnamese companies on the list of 200 enterprises with the turnover under US $ 1 billion, having the most effective performance in Asia-Pacific

Phu Tai Joint Stock Company operates mainly in 3 sectors including wood industry, stone industry and automobile business. The company's revenue reached VND 5,074 billion and profit reached VND 420 billion

Binh Duong Mineral & Construction Joint Stock Company specializes in manufacturing minerals and providing construction services. The company's revenue reached more than 1,200 billion and profit reached about 346 billion.

Dong Nai Port Joint Stock Company is a provider of stevedoring, warehousing and freight transport. The company's revenue reached 717 billion and profit at 123 billion.

This year's Forbes list was selected from 19,000 businesses in hundreds of industries across the Asia-Pacific region, of which 1,400 companies won the final round.

The evaluation criteria include elements such as revenue from USD 5 million to less than USD 1 billion, achieving revenue according to the criteria set for 3 consecutive years, being a public company audited by a group of world-class 4 leading auditing companies, having the best return on revenue in its business sector and less debt.

Gia Vu

Source: Tri Thuc Tre/Forbes