Vietnam Report announces Top 50 prestigious and effective public companies in 2025

Based on two main criteria—financial strength and media reputation—the VIX50 reflects the internal capabilities and adaptability of businesses in a volatile economic environment.

Impressive numbers

The market capitalization of publicly listed companies in the VIX50 at the time of publication accounted for over 52.3% of the entire market, the average ROE in 2024 reached 16.7%, and the average 5-year compound annual growth rates of revenue and profit were 13.5% and 21.3%, respectively.

There are 27 businesses with a market capitalization exceeding $1 billion, 22 businesses with revenue exceeding $1 billion, and 40 businesses with profits exceeding VND 1 trillion.

In this context, BIDV (BID) continues to lead in revenue, Vinhomes (VHM) maintains its top position in profit, and Binh Minh Plastic (BMP) holds the top spot in ROE. Regarding the compound annual growth rate (CAGR) of revenue and profit for the period 2020-2024, representatives such as Hai An Transport and Stevedoring (HAH), Nam Long (NLG), Vietnam Maritime Corporation (MVN), and Vietnam Airports Corporation (ACV) show strong recovery momentum.

Shifting industry structure

The top 10 of the VIX50 2025 rankings shows a dominance of the banking sector, occupying 7 out of 10 positions (Vietcombank, MB, HDBank, BIDV, VietinBank, Techcombank,ACB ). Notably, FPT Corporation rose to the top for the first time, reflecting the increasingly prominent role of technology in the digital economy; ACV entered the top 5, demonstrating the growth trend of infrastructure services.

The sector structure of the VIX50 index has shifted significantly: Banking remains central with 26%, Real Estate has decreased from 14% to 10%, while Transportation & Logistics and Food have increased their share. This reflects a strategic balance between sectors with stable financial and liquidity foundations and emerging sectors driven by digital transformation, domestic consumption, and export infrastructure.

Financial quality is increasingly superior.

Considering the financial picture of VIX50 in 2025, it shows stable capital utilization, positive revenue and profit growth, and sound debt management.

Overall, over the past five years, the VIX50 reflects the true performance of businesses demonstrating outstanding stability in operational efficiency and financial capacity amidst significant fluctuations: ROE remains high compared to the overall market average (10-13%); CAGR of revenue and profit remains positive; and the percentage of companies with a market capitalization exceeding $1 billion remains stable.

The "core business" group - the sustainable pillar of the market.

Over the past five years, the VIX50 ranking has seen the consistent presence of 24 companies. This group consists of "core businesses"—sustainable pillars in terms of finance, operations, and long-term development strategies.

The graphs visualizing the performance of VIX50 core businesses based on market value (stock price growth), profitability (ROE), and profit growth rate (CAGR) clearly reflect the differentiation according to financial quality and market expectations: (1) The Comprehensive Development Group includes outstanding businesses excelling in all three indicators; (2) The Modest Efficiency Group with strong growth momentum includes businesses with modest average ROE but positive growth momentum and room for improvement in efficiency; (3) The Solid Foundation Group with stable growth momentum includes businesses with high operational efficiency, sustainable growth, and are recognized by the market with reasonable price increases; (4) The Strong Foundation Group with growth pressure includes businesses with high capital efficiency but profit/price growth is pressured by cyclical factors or specific industry factors.

A multidimensional performance analysis of the "core business" group reveals that businesses with sound financial models, sustainable growth, and effective capital management are clearly dominant in the long term.

In the context of investors increasingly focusing on diversification strategies, risk optimization, and avoiding dependence on a few large-cap stocks, the VIX50 is considered a valuable investment and measurement tool with high applicability and strong potential for widespread impact on the Vietnamese capital market. After 5 years, the VIX50 has proven to be a "filter" for public companies, setting benchmarks for financial performance, brand positioning, and market leadership capabilities.

The announcement and awards ceremony for the Top 50 Reputable and Efficient Public Companies of 2025, organized by Vietnam Report and VietNamNet Newspaper, will officially take place on August 1, 2025 in Ho Chi Minh City.

(Source: Vietnam Report)

Source: https://vietnamnet.vn/vietnam-report-cong-bo-top-50-cong-ty-dai-chung-uy-tin-va-hieu-qua-nam-2025-2417011.html