On the evening of 15^th October in Ho Chi Minh City, Forbes Vietnam held the ceremony to honor Top 50 best listed companies in 2020. Forbes - one of The World's Most Reputable Magazines - evaluated and published the 2020 Rankings in June but due to the influence of Covid-19, the honor event took place after 5 months. KBC was named in the list for the 2nd time in a row in this prestigious poll.

According to the Forbes Vietnam, the list was built based on the results of 3 strict screening rounds with enterprises. The 1^st round listed the companies having market capitalization and revenue of over 500 billion VND with good business results on the Ho Chi Minh City Stock Exchange (HSX), Hanoi Stock Exchange (HNX). On the next round, the companies were scored according to the following criteria: Compounded Annual Growth rate (CAGR), profit; return on equity (ROE), return on capital (ROC) and earning per share (EPS) growth rate in the period of 2015 - 2019.

Then, the enterprises in the short list are independently considered by Forbes for their sustainable development in terms of brand, quality of corporate governance, the source of profits in the past and prospects of sustainable development.

Forbes honored Top 50 best listed Vietnam companies in 2020

According to Forbes, this year’s list was made during a difficult period when the world and Vietnam economy are facing the instabilities under the impact of the pandemic. Top 50 this year marks the rise of defensive stocks or the stocks which are less directly affected by the pandemic. Companies honored on the list of 2020 have a strong foundation, not only having good business results in 2019 but also expecting to be resilient in the context of Vietnam's economy facing the most challenges in the past 10 years.

This year's list of the 50 best companies announced by Forbes Vietnam recognized new milestones. After-tax profit achieved 138,705 billion VND, exceeding 8.7 per cent compared to the announced list in 2019 which is the highest until now. With the impressive business result and sustainable business activities, KBC continued to be named in Top 50 best listed Vietnam companies in 2020.

Mr. Pham Phuc Hieu – Deputy General Director, on behalf of KBC, received the certificate of Top 50

Being honored in the Top 50 for 2 consecutive years has affirmed KBC's ceaseless efforts in all circumstances. KBC has successfully built an industrial park model that attracts investors in the high-tech sector and minimizes environmental pollution. KBC has become one of the leading industrial developers in Vietnam and effectively contributed to the development of Vietnam in the Doi Moi period. KBC has also contributed to promoting the socio-economic restructuring of localities, creating thousands of jobs, boosting the need to develop ancillary services and contributing thousands of billion VND to the State budget.