How do the 5 Vietnamese representatives who have just entered the top 2000 of the world’s largest listed companies do business?
Journal Forbes has just announced the Global 2000 list in 2022 including 2,000 largest listed companies in the world according to 4 criteria: revenue, net profit, total assets and market value.
Forbes Collects the latest financial data as of April 22, 2022 to rank businesses globally. Most of the large listed companies in Vietnam have published their audited consolidated financial statements for 2021 in March 2022, so the Forbes ranking uses the data of the most recent year.
Forbes said that the businesses on this year’s Global 2000 list have a total revenue of about $47.6 trillion, a total profit of $5 trillion, total assets of $233.7 trillion and a total market capitalization of $76.5 trillion.
Vietnam has 5 representatives in the Top 2000 including Vietcombank (ranked 950), VietinBank (ranked 1,560), Hoa Phat Group (ranked 1,564), BIDV (ranked 1,605), and Techcombank (ranked 1,854).
5 representatives of Vietnam in Forbes Global 2000 list in 2022. Source: Forbes
The strong growth of the banking group led to 4/5 Vietnamese banks participating in this list. In general, all 5 of these enterprises have had business growth results in the last 3 years.
Specifically, Vietcombank is the only representative in the top 1000 largest enterprises in the world at position 950. According to Forbes, up to the time of statistics, Vietcombank has achieved revenue of 3.91 billion USD, profit of 955 million USD, total assets assets of 62.07 billion USD and topped the market capitalization with nearly 17 billion USD.
Price movement in 1 year
In 2021, Vietcombank’s profit before tax is 27,389 billion dong. In 2022, Vietcombank is the bank with the highest planned profit in the system when it is expected that the consolidated profit will increase by at least 12%, equivalent to nearly VND 30,700 billion. If the plan is completed, Vietcombank will be the first bank in Vietnam with a profit of over 30,000 billion.
However, in the first quarter of this year, Vietcombank lost its “king” of profit with a pre-tax profit of 9,950 billion dong, behind VPBank.
Following is Vietinbank with the position of 1,560 in the world, Forbes recorded this bank with revenue of $ 4.41 billion, profit of $ 612.4 million, market capitalization of $ 6.2 billion.
In 2021, VietinBank also completed the increase of charter capital from VND 37,234 billion to VND 48,058 billion. In 2022, VietinBank plans to increase its individual pre-tax profit by 15% and adjust it according to the approval of the State Bank. Thus, VietinBank can achieve more than VND 19,300 billion in pre-tax profit in 2022.
Standing at the position of 1,564 in the world is Hoa Phat Group with both revenue and pre-tax profit are both breakthroughs compared to the rest of the Vietnamese names on the list, reaching 149.7 trillion VND and 37.1 billion VND respectively. trillion dong, up 65% and 55.6% respectively over the same period in 2020, exceeding 26% and 92% of the business plan.
This is also the company with the highest growth in revenue and pre-tax profit in the past 3 years among businesses honored by Forbes.
In 2022, Hoa Phat sets an expected revenue of 160,000 billion dong, profit after tax in the range of 25,000 to 30,000 billion dong.
Ranked 1,605 in the world, BIDV has total assets of more than 77 billion USD, the highest in the whole Vietnam stock market. At the same time, BIDV is also the bank with the largest lending market share in the system (over 13% market share).
In 2022, BIDV sets a consolidated profit plan of over VND 20,000 billion. By the end of the first quarter of 2022, BIDV grew strongly with a profit before tax of 4,513 billion, up 33% over the same period in 2021.
The last bank to appear in the Global 2000 list is Techcombank at 1,874 position in the world. Techcombank is the first private commercial bank in Vietnam to join the “billion-dollar club” in 2021, with pre-tax profit reaching VND 23.2 trillion, up 47.1% compared to 2020. Techcombank recorded double-digit growth in profit for the 5th consecutive year.
In 2022, Techcombank sets a target profit before tax of 27,000 billion, up 16.2% compared to the performance in 2021. By the end of the first quarter, this bank has completed more than 25% of the set target with 6,800 billion dong of profit. pre-tax consolidation.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
