Billion-dollar companies account for 80 pct of Vietnam’s main bourse

Forty nine companies with a valuation of one billion dollars or more account for 80 percent of Vietnam’s main stock exchange, led by behemoths Vietcombank, Vinhomes and Vingroup.

The list, which has a combined market cap of VND4,700 trillion ($205.71 billion), consists of 17 banks and nine real estate developers.

Other sectors include energy, retail and consumer goods.

Sixteen of these companies have a market cap of over VND100 trillion each.

Vietcombank led with VND388.54 trillion, followed by Vinhomes and its parent and Vietnam’s largest private conglomerate, Vingroup.

They were followed by state-owned bank BIDV, Petrovietnam Gas and Hoa Phat Group.

The latest addition to the Ho Chi Minh Stock Exchange’s billion-dollar club is Petrovietnam Fertilizer & Chemicals Corporation, which has gained 41.5 percent this year.

Source: VNExpress