Vietnam Report Joint Stock Company (Vietnam Report) has just announced the ranking of VIX50 - Top 50 prestigious and effective public companies in 2023.
This year's ranking has many disturbances compared to 2022; In particular, the banking group has the presence of Ho Chi Minh City Development Commercial Joint Stock Bank (HDBank – stock code HDB). Right after entering the Top 10 prestigious and effective enterprises for the first time, HDBank made an impression when it occupied the 7th position on the rankings and ranked 5th in the banking industry, surpassing many big players in the industry in terms of prestige and efficiency.
The weights that create the reputation and efficiency of public enterprises on a 5-point scale include business results, business performance (ROE, ROA, ROS), basic earnings per share (EPS), compliance with information disclosure regulations, diversity and effectiveness of communication, dividend policy, liquidity and corporate valuation...
In terms of business performance, in 2022 HDBank made its first mark in the "VND 10.000 billion club" when it reached VND 10.268 billion in pre-tax profit, up 27,2% over the same period. Total assets also increased rapidly, exceeding 416.200 billion VND.
HDBank's return on equity (ROE) in 2022 reached 23,5%, net return on assets (ROA) reached 2,1%, both higher than the same period last year - the efficiency index among the top in the system of Vietnamese commercial banks.
HDBank is also one of the banks that maintains a low bad debt ratio, around 1,67% – much lower than the industry average. EPS increased from 2.403 VND in 2022 to 3.081 VND.
With the results achieved, HDBank shareholders recently approved the payment of a 10% cash dividend, in the plan and 15% in shares. HDBank is also one of the few banks that has been able to maintain a high level of regular dividend payments over the years to its shareholders. In corporate evaluation criteria, dividend policy has risen from 8th place last year to 6th most influential factor in 2023.
The results of a survey of experts and public enterprises by Vietnam Report also show that factors related to communication have the greatest impact on the reputation and efficiency of enterprises. Experts also say that investors are now putting concerns about information transparency on top.
HDBank - a new and impressive face in this year's rankings - is one of the listed companies with stocks in the VN30 basket, always strictly implementing regulations on corporate governance, complying with information disclosure regulations, associated with transparency throughout the operation process. This bank regularly organizes conferences with shareholders and investors to update and exchange information; conduct hundreds of investor meetings annually to enhance interaction and transparency of operational information.
According to a report by Vietnam Report, in the Top 6 industries with the best growth stocks, the banking sector is leading. This is an advantage for HDB in particular and banking stocks in general.
