With a net profit of more than 1,000 billion VND per year, what are dozens of Vietnamese 'tycoons' doing?

Accounting for more than half of the total market capitalization, the top 50 listed companies are leading the trend and orienting cash flow on the Vietnamese stock market. Most of them are capable of generating net profit after tax of more than VND1,000 billion per year.

Many businesses on the stock exchange record profits of over a thousand billion VND each year, including many industry groups, not just banking - Photo: QUANG DINH

50 enterprises hold half of the stock market capitalization, most have net profit of more than 1,000 billion VND

Vietnam Report has just announced the list of Top 50 prestigious and effective public companies in 2025 (VIX50), a ranking that recognizes typical enterprises in the Vietnamese stock market.

Accordingly, the total capitalization of these enterprises accounts for more than 52% of the entire stock market, affirming their leading role with an average ROE (return on equity) of nearly 17%, meaning that every 100 VND of shareholder capital generates approximately 17 VND of profit per year.

In addition, over the past five years, the group's revenue and after-tax profit have increased by an average of nearly 14% and more than 21% per year. This is a compound growth rate, reflecting stability and efficiency in business operations.

In terms of scale, there are 27 enterprises with capitalization of over 1 billion USD, 22 enterprises with revenue of over 1 billion USD and 40 enterprises with net profit after tax exceeding 1,000 billion VND.

The banking group continues to dominate with the top 7 positions, including Vietcombank, BIDV, VietinBank, MB, ACB , HDBank and Techcombank.

Notably, FPT - a representative of the technology industry, rose to the number 1 position for the first time, showing a change in the market's perception of the long-term role of technology enterprises in the digital economy.

In other industries, Vinhomes (stock code VHM) leads in terms of profit, Binh Minh Plastics (BMP) leads in terms of ROE. Meanwhile, Hai An (HAH), Nam Long (NLG), Vietnam National Shipping Lines (MVN) and ACV are prominent names in terms of growth rate.

In terms of industry structure, the banking sector accounts for 26% of the number of enterprises in the VIX50, while real estate decreased from 14% to 10% due to the impact of credit tightening policies.

In contrast, the food and transportation - logistics sectors increased their proportion thanks to the recovery of consumer demand and goods circulation. The construction - building materials sector also benefited from public investment, increasing slightly to the 10% mark.

Industry structure reflects a mix of traditional pillars and new growth industries

Sustainable financial performance, overcoming macroeconomic fluctuations

According to data from Vietnam Report, in the 2021-2025 period, businesses in the VIX50 group have demonstrated their ability to operate stably and withstand a series of shocks such as the COVID-19 pandemic, war, supply chain crisis and inflation.

Over the past 5 years, the return on equity (ROE) has consistently remained at 17% - 21%, significantly higher than the market average. Although the net profit per share (EPS) slightly decreased from VND 4,283 to VND 3,898 due to increased input costs and high interest rates, it is still considered positive in the context of a difficult economy .

The group's average debt-to-equity ratio (D/E) is 3.68 times. This leverage level is higher than the normal safety standards of non-financial enterprises (about 1-2 times), but is still consistent with the current industry structure of enterprises, especially the banking and construction groups, allowing for balanced use of borrowed capital without significantly increasing financial risks.

Overall, the financial picture of the top 50 typical enterprises on the stock exchange shows stability in capital efficiency, positive revenue and profit growth, along with reasonable debt management.

Combining the strength of traditional industries (banking, real estate, construction) and the momentum from growth industries (technology, food, logistics), maintaining a financial foundation.

4 large business groups, shaping the economy:

Vietnam Report divides 50 typical public companies on the Vietnamese stock exchange into 4 main groups:

- Comprehensive development group: Duc Giang Chemicals (DGC), ACB bank, MBB, HDB... with outstanding growth in stock price and return on equity (ROE).

- Groups with strong growth but efficiency still improving: FPT, Digital World (DGW), Ca Mau Petroleum Fertilizer (DCM), BID Bank, SHB... have great potential when business results are breaking out.

- Stable foundation group, steady growth: Refrigeration Electrical Engineering (REE), VCB bank, TCB... with stable ROE, suitable for long-term investors, prioritizing value accumulation.

- Financial group is stable but under cyclical pressure: Some businesses maintain high capital efficiency but profit growth is slow due to industry characteristics.

Overall, the companies converge on financial capacity, operational efficiency and long-term growth potential.

In the context of the market restructuring towards sustainability and modernity, this group is not only a fulcrum for investment capital flows but also contributes to shaping the future development strategy of the Vietnamese economy.

PLUM BLOSSOM

Source: https://tuoitre.vn/lai-rong-hon-1-000-ti-dong-moi-nam-hang-chuc-dai-gia-viet-dang-lam-gi-20250630170130136.htm