On September 18, 2023, in Ho Chi Minh City, the PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo – stock symbol DPM, producer and distributor of Phu My fertilizers) continues to be recognized as one of the “Top 50 Most Efficient Businesses in Vietnam.” This ranking aims to acknowledge and honor effective businesses with sustainable development strategies.
PVFCCo has consistently been included in the list of the best-performing companies in Vietnam. Companies are selected and ranked in the TOP 50 based on their continuous business performance over the last three years, using three growth indicators: revenue, return on equity (ROE), and earnings per share (EPS) growth. These measurements are intended to objectively assess a company’s management and adaptability capabilities while encouraging efficient management and strategic development for sustainable growth.
According to the organizing committee, as of March 2023, the total market capitalization of the TOP 50 companies reached approximately $80 billion, representing 34% of the total market capitalization. The TOP 50’s revenue reached nearly $42 billion, accounting for 21.6% of the total listed market revenue. After-tax profits amounted to nearly $7.8 billion, representing 40% of the total listed market’s after-tax profits.
In terms of efficiency, measured by return on equity (ROE), the average ROE for the TOP 50 was 19%, surpassing the ROE of the entire listed market (11%). PVFCCo achieved an impressive 39% ROE, which is double the average ROE of the TOP 50, nearly leading the market.
The organizing committee noted that this year’s TOP 50 list witnessed significant growth in the fertilizer and chemical industry, with PVFCCo being the industry leader, effectively seizing opportunities amidst market fluctuations and achieving impressive growth over the past three years. PVFCCo achieved an average revenue growth rate of 34% during the 2020-2022 period, a 24% ROE growth, and an average profit growth rate of 329% for investors, all of which exceeded the industry averages.
In 2023, PVFCCo also celebrates its 20th anniversary since its establishment, making it one of the most successful investments not only among state-owned enterprises but also in terms of total profit, which has grown tenfold compared to its initial capital investment!
The “Top 50 Most Efficient Businesses in Vietnam” ranking is an annual and reputable ranking conducted by the Investment Bridge Magazine in collaboration with economic, business, and financial experts to select and honor efficient businesses in the Vietnamese stock market. This is the 13th year of the ranking’s publication (2010-2023).
