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Vietjet among 3 best-performing companies on Vietnam stock exchange

Sunday, July 12, 2020, 10:41 GMT+7
Vietjet among 3 best-performing companies on Vietnam stock exchange
Delegates pose for a group photo at a ceremony to honor ‘Vietnam’s 50 Best-Performing Companies’ in Ho Chi Minh City on July 10, 2020. Photo: Supplied

Vietnam’s no-frills airline Vietjet was honored among the three best-performing firms on the Vietnamese stock exchange in 2019 at a ceremony organized in Ho Chi Minh City on Friday.

The carrier was celebrated alongside Mobile World, Vietcombank, and other major names on the list of ‘Vietnam’s 50 Best-Performing Companies.’

Vietjet's SR-CAGR and ROE are 23 percent and 45 percent, respectively, according to results announced at the ceremony.

With a market capitalization of US$2.23 billion, the carrier is among the largest capitalized enterprises on the local stock market.

Vietjet has always been among the three best-performing companies since being listed on the Ho Chi Minh City Stock Exchange in 2017.

Last year, Vietjet continued to maintain its leading position in Vietnam’s domestic market, transporting 25 million passengers.

After the domestic aviation market was restored post-coronavirus, the airline quickly launched the campaign ‘Returning to the Sky’ and opened eight new domestic routes, expanding the domestic flight network to 53 routes.

The airline has been licensed by the Civil Aviation Authority of Vietnam to start self-service ground operations at Noi Bai International Airport in Hanoi.

‘Vietnam’s 50 Best-Performing Companies’ is a prestigious and reputable ranking conducted annually in consultation with leading economic and business experts.

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