Four Vietnamese firms in Forbes Asia's 'Best Under A Billion' list - Kim Minh International 2024

Four Vietnamese companies have been named among this year’s 200 top-performing public companies in Forbes Asia’s 'Best Under A Billion' list.

Binh Duong Minerals and Construction Joint Stock Company, Dat Xanh Group, Dong Nai Port Joint Stock Company and Phu Tai Joint Stock Company were all listed.

Among the four firms, Dat Xanh Group has the highest market value at US$285 million, followed by Phu Tai ($128 million), Binh Duong Minerals ($53 million) and Dong Nai Port ($43 million).

In terms of sales, Phu Tai led the group with $205 million, Dat Xanh ranked second with $202 million, followed by Binh Duong Minerals ($51 million) and Dong Nai Port ($29 million).

Forbes highlighted Dat Xanh Group as the country’s largest property brokerage, established by Luong Tri Thin in 2003. Born into an underprivileged family, Thin was a street vendor, porter and rice merchant before becoming a real estate broker.

“Dat Xanh, where Thin is chairman and CEO, branched into property development in 2007 and now has 28 projects with 652ha under construction. The company invested around $2 billion in these projects, comprising affordable condominiums for Viet Nam’s rapidly expanding middle class,’ Forbes wrote.

The 'Best Under A Billion' list honours 200 leading public companies in the Asia Pacific region with annual revenue between $5 million and $1 billion.

According to Forbes Asia, the 200 companies posted more than 50 per cent average growth in annual net profit and sales in their latest financial year for a combined $10 billion and $54 billion, respectively. — VNS

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