Vietjet among Forbes’ top 50 best listed Vietnamese companies in 2024
Vietjet has been named among the top 50 best listed companies in 2024 by Forbes magazine.
Latest
 |
| Ho Ngoc Yen Phuong (C), member of the Board of Directors, Depyty CEO of Vietjet, receives the award honouring the top 50 best listed companies in 2024 by Forbes magazine (Source: Vietjet) |
Based on the audited financial report 2023, representing the aviation industry, Vietjet has ranked the 5th in revenue with 58,300 billion VND, 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 34,016 billion VND, up 15% year on year, while pre-tax profit reached 1,311 billion VND, 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, the Republic of 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”.
The new-age carrier Vietjet has not only revolutionized the aviation industry in Vietnam but also been a pioneering airline across the region and around the world. With a focus on cost management ability, effective operations, and performance, applying the latest technology to all activities and leading the trend, Vietjet offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.
Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’s largest private carrier, the airline has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years. The airline has also been named as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings, and many others.
(Source: VNA)
