Dairy giant Vinamilk maintains its top position in the list of 40 most valuable brands in 2018 of Forbes Vietnam (Photo: VNA)
HCM City (VNA) – Forbes Vietnamheld a ceremony on August 23 to honour the 40 mos🔯t valuable brands in Vietnamin 2018.
The total value of those companies isestimated at nearly 8.1 billion USD, an increase of about 50 percent comparedto the 2017 list. The surge is attributed to the robust growth of Vietnam’sstock market, which drives up the average price-earnings ratio in most sectors. Consumer good businesses still dominatethis year’s list, meanwhile those in the finance-banking sector narrow the gap asmore commercial banks list their shares on the stock market. Dairy giant Vinamilk maintains its topposition in the list, with an estimated brand value of 2.28 billion USD, muchhigher than the 1.7 billion USD last year. The company is followed bymilitary-run telecom firm Viettel with 1.39 billion USD. State-owned Vietnam Posts andTelecommunications Group (VNPT) takes over third position from Vingroup,Vietnam's largest real estate company. With a value of 416 million USD, VNPT getsits name in the list for the first time. The other brands in the top ten are thecountry’s biggest brewery Sabeco (393 million USD), Vinhomes, the residentialproperty arm of Vingroup (384 million USD), Vinaphone, one of Vietnam’s bigthree mobile operators and belonging to VNPT (308 million USD), Vingroup (307.2million USD), food and beverage producer Masan Consumer (238 million USD),Vietcombank (177.9 million USD), and tech giant FPT (169 million USD). Vinhomes and Vinaphone are also newcomersin the list. Forbes compiled the list by looking atbrands' incomes before and after tax based on their financial reports and dataon the stock market.-VNA
Forbes Vietnam has announced Vietnam’s 50 top listed companies for 2018, which account for 70.8 percent of total market capitalisation on the HCM and Hanoi stock exchanges.
Experts forecast that the Vietnamese economy will grow by more than 6.8 percent in the last half of this year at the Forbes Vietnam Business Forum 2018 held in Ho Chi Minh City on July 26.
Forbes Vietnam on July 26 organised a ceremony to honour Vietnam’s top 50 listed companies in 2018, which account for 70.8 percent of total market capitalisation on the HCM and Hanoi stock exchanges.
Forbes Vietnam has recently released its third annual list of the 40 most valuable brands in Vietnam in 2018, estimating their total value at 8.1 billion USD, an increase of 30 percent compared to the 2017 list.
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Dairy giant Vinamilk maintains its top position in the list of 40 most valuable brands in 2018 of Forbes Vietnam (Photo: VNA) 
