Ten Vietnamese businesses with revenues of under US$1 billion have been listed among 200 high-performing Asia-Pacific companies and will be awarded the title “Best Under A Billion 2011” by Forbes Asia.
The financial magazine said the 200 “Best Under A Billion” list were selected through a search for small and medium-sized businesses that have annual revenue of between $5 million and $1 billion and be publicly traded for at least a year.
The companies will then be screened for earnings growth, sales growth, and return on equity in the past 12 months and over 3 years.
Of the 10 Vietnamese companies in this year’s list, DHG Pharmaceutical and Dong Phu Rubber earn the highest positions with their respective market values of $454 million and $108 million, according to Forbes’ figures.
The two are followed by the Vietnam Container Shipping and PetroVietNam Low Pressure Gas Distribution, whose market value both topped $72 million.
The remaining are the Ninh Hoa Sugar, Nari Hamico Minerals, Long An Food Processing Export, Doan Xa Port, Dinh Vu Port Investment & Development, and Petroleum Equipment Assembly & Metal Structure with market values between $11 million and $36 million.
In last year’s survey, the Vietnam Dairy Products Joint Stock Co, or Vinamilk, was the only representative of Vietnam.
Forbes Asia said the 200 title-winners this year were shortlisted from more than 15,000 companies as they have best managed through the economic volatility that began in 2008.
Most of them navigated the global credit crunch with little to no debt on their balance sheets, it said.
The magazine also said the list was dominated by Chinese and Hong Kong companies.