Vietjet Aviation Joint Stock Co (Vietjet) was recognised as one of the top 10 outstanding corporate governance companies on the Vietnamese stock exchange in 2019 during an awards ceremony in the capital on Monday.

The awards were granted by the Viet Nam Chamber of Commerce and Industry (VCCI) and Vietnam Business Forum newspaper, in collaboration with the Institute for Business Studies and Development and the Vietnam Association of Accountants and Auditors (VAA).

Other award winners were dairy company Vinamilk, real estate developer Vingroup, Mobile World and PVGas.

This year, public companies from 30 sectors were evaluated and ranked based on 21 indicators related to all aspects of business activities.

“It’s reasonable to assess only listed companies in this index. They are the best companies in the Vietnamese market, and are also the most transparent. Enterprises on the stock exchanges are a measure of Vietnamese companies in general, ” VCCI Chairman Vu Tien Loc said at the ceremony.

Vietjet won two awards for the second time — Best Financial Management in Transportation Industry and Top 10 corporate governance companies on the Vietnamese stock exchanges.

Vietjet has become one of the leading companies in the HCM Stock Exchange. Its shares (code: VJC) were selected for the VN30 on the first listing year in 2017.

Vietjet’s financial and corporate governance abilities are proved by its good business performance.

In the first half of 2019, Vietjet operated 68,821 flights, equivalent to 45 per cent of total flights operated by domestic airlines, transporting 13.5 million passengers.

During the period, the carrier’s air transport revenue reached more than VND20.18 trillion, an increase of 22 per cent, and pre-tax profit hit VND1.55 trillion, an increase of 15 per cent year on year. — VNS

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