In Ho Chi Minh City, on August 4, 2022, Vinh Hoan Corporation was honored in the Top 50 Best Listed Companies 2022 as voted by Forbes magazine and is one of the 9 leading enterprises included in this list for the first time. Within this event, Forbes Vietnam also organized the 10th Annual Business Forum in the context of the global economy being operated after many fluctuations due to the COVID-19 pandemic. Vinh Hoan is honored to be the GOLD sponsor for this event. At this event, Vinh Hoan introduced attractive products such as BASAmaster a domestic Vinh Hoan brand, and Vinh Wellness collagen jelly.
The top 50 best-listed companies in 2022 were enlisted by selecting companies with a good business situation, stable listing on HOSE and HNX, market capitalization, and revenue of at least 500 billion VND. In addition to this preliminary round, the companies are quantitatively scored on 5 criteria: compound growth rate in revenue, profit, ROE ratio, return on capital (ROC), and earnings per share (EPS) growth in 2017 – 2021. Forbes Viet Nam conducted a qualitative survey to assess the business’ sustainable development, including the company’s position in the industry, the source of profits, the quality of corporate governance, and the industry outlook.
Vinh Hoan has exceeded and surpassed the overall average Pangasius industry growth, contributing 17% of the industry market share and maintaining its leading position. Known as the global pangasius leader, Vinh Hoan always anticipates new market trends with solid investment strategies to increase added value for pangasius products and aim for a sustainable future through developing a circular economic model. In the first 6 months of 2022, Vinh Hoan achieved a net revenue of nearly 7,500 billion VND, up 81% over the same period last year, and profit after tax reached 1,341 billion VND, 3 times higher than the same period in 2021.
The company’s residence against challenges, flexible adaption to the situation, and a strong sense of innovation have enabled Vinh Hoan Corporation to surmount numerous hardships and further secure, stable development, helping to continually amplify the benefits to the farmers, customers, and investors, as well as constituting new values to the seafood sector and the social community.
- Learn more about strategies to expand our circular economic model in Forbes Vietnam here.
- List of 50 best-listed companies in 2022 see here.