Forbes honors Vietjet among top 50 best listed Vietnamese companies in 2024
Forbes Vietnam magazine has recently honored and awarded the 50 best listed companies in 2024 which included leading enterprises in various sectors, representing key industries, and having been listed on the stock market for many years, such as Vinamilk, Vietjet, Petrolimex...
Based on the audited financial report 2023, representing the aviation industry, Vietjet has ranked the 5th in revenue with VND58,300 billion, marking a 45% increase compared to the same period in 2022. It clarified the company's strong recovery and sustainable growth strategy.
Top 50 best listed Vietnamese companies by Forbes have been selected through a rigorous evaluation process, beginning with a preliminary screening based on fundamental financial criteria, followed by scoring on factors such as revenue growth, profitability, ROE, ROC and EPS growth from 2019 to 2023. Additionally, Forbes carefully considered each company's industry position, governance quality, and growth prospects.
While the global economy facing many challenges, in the first half of 2024, Vietjet continued to record outstanding business results with total revenue reaching VND34,016 billion, up 15% year on year, while pre-tax profit reached VND1,311 billion, up 433% over the same period, exceeding the profit plan for the whole year 2024 by 21%. Vietjet has also been maintained a long-term credit rating of VnBBB-, among the highest among Vietnamese enterprises.
Vietjet has expanded continously its fleet and flight network, with plan to receive an additional 10 new aircraft in 2024. The airline is committed to sustainable growth, expanding its routes across Vietnam and internationally destinations in Australia, Japan, South Korea, China, India, Singapore, Thailand, Malaysia, Laos, Cambodia, Indonesia, Taiwan (China), and beyond, to meet the needs of both local residents and tourists.
Since its initial public offering, Vietjet's VJC stock has consistently been highly valued by both domestic and international investors for its strong profitability, making it a preferred choice. In addition to frequently being featured in Top 50 best listed companies by Forbes, Vietjet has been honored by the leading financial publication International Finance with "Best Finance Management - Aviation" award, being recognized by Airfinance Journal as one of Top 50 airlines for healthy financing. AirlineRatings also honored Vietjet as the "Best Ultra Low-Cost Airline”./.