FPT was honored among top billion-dollar firms

On January 17, the Sheraton Saigon hosted an event to celebrate the "50 Best Performing Companies in Vietnam" in 2021. (District 1, Ho Chi Minh City). FPT was recognized at this event in the Top 50 Best Performing Companies in Vietnam in 2021 category and on the list of billion-dollar firms from 2020 to 2021. This is FPT's tenth year in the standings of being ranked among Vietnam's "50 Best Performing Companies". 

Mr. Vu Anh Tu (center), Chief Technology Officer at FPT, represents the Company at the Award Ceremony. 

Top 50 is a chart that evaluates the business performance of Vietnam's leading firms. Simultaneously, it accurately represents the current status of the Vietnamese economy, which is becoming increasingly dynamic. This is expected of the private economy's intrinsic strength, which will aid the economy in overcoming future obstacles. 

The Top 50 ranking is generated by analyzing companies' business results over three years using three growth indicators: revenue, return on equity (ROE) and return on share. The measurement results aim to assess the corporate governance capacity of the enterprise objectively. FPT ended the quarter with a return on equity of 21.1 percent and a market value of USD 2.7 billion. 

Mr. Vu Anh Tu, Chief Technology Officer (4th from left), represented FPT in accepting the award for the billion-dollar enterprise group in the 2020-2021 year. 

Mr. Do Nhat Thanh, Deputy Editor-in-Chief of Nhip Cau Dau Tu Magazine, stated during the ceremony: "The Covid-19 outbreak resulted in the economy contracting to its lowest level in 30 years." However, corporations have demonstrated the importance of being flexible. This is critical for adapting to a new circumstance and assisting the economy's steady recovery. Profit after tax for the top 50 companies totaled 174,510 billion VND, up 25.5 percent from the previous year. The ranking demonstrates the business sector's power significantly in difficulties as not only are the stakes enormous, but many enterprises also pioneer new services and technologies." 

Nhip Cau Dau Tu Magazine, in collaboration with Thien Viet Securities Company, conducts an annual ranking of the "50 Best Performing Companies in Vietnam" in consultation with economic and business experts from Harvard Business School, as well as from prestigious global rankings such as Bloomberg Businessweek, Fortune, and Forbes, in order to recognize and honor companies that conduct high performance on the Vietnamese stock market.