Friday, 24/08/2018 17:33 (GMT+7)
Forbes Vietnam held a ceremony on August 23rd to honor the 40 most valuable brands in Vietnam in 2018.
Dairy giant Vinamilk maintains its top position in the list of 40 most valuable brands in 2018 of Forbes Vietnam (Photo: VNA)
The total value of those companies is estimated at nearly USD8.1 billion, an increase of about 50 percent compared to the 2017 list. The surge is attributed to the robust growth of Vietnam’s stock market, which drives up the average price-earnings ratio in most sectors.
Consumer good businesses still dominate this year’s list, meanwhile those in the finance-banking sector narrow the gap as more commercial banks list their shares on the stock market.
Dairy giant Vinamilk maintains its top position in the list, with an estimated brand value of USD2.28 billion, much higher than the USD1.7 billion last year. The company is followed by Vietnam Military-run Industry and Telecoms Group (Viettel) with USD1.39 billion.
State-owned Vietnam Posts and Telecommunications Group (VNPT) takes over third position from Vingroup, Vietnam's largest real estate company. With a value of USD416 million, VNPT gets its name in the list for the first time.
The other brands in the top ten are the country’s biggest brewery Sabeco (USD393 million), Vinhomes, the residential property arm of Vingroup (USD384 million), VinaPhone, one of three biggest mobile operators and belonging to VNPT (USD308 million), Vingroup (USD307.2 million), food and beverage producer Masan Consumer (USD238 million), Vietcombank (USD177.9 million), and tech giant FPT (USD169 million).
Vinhomes and VinaPhone are also newcomers in the list.
Forbes compiled the list by looking at brands' incomes before and after tax based on their financial reports and data on the stock market./.
CPV/VNA