PHENIKAA and VICOSTONE honored in top 500 vietnam’s most profitable enterprises in 2019

  • 07/11/2019
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On November 6, 2019, A&A Green Phoenix Group Joint Stock Company, a.k.a Phenikaa Group, and Vicostone JSC (VICOSTONE) were outstandingly honored in “Top 500 Vietnam’s Most Profitable Enterprises in 2019” surveyed and announced by VietnamNet Newspaper and Vietnam Report Company.

The Top 500 Vietnam’s Most Profitable Enterprises Ranking – PROFIT500 released annually since 2017 is based on the independent study and evaluation following the international standards done by Vietnam Report Company cooperated with VietnamNet Newspaper. The ranks of enterprises are evaluated objectively from high to low based on the points calculated in 3 main criteria which are Profits before taxes, Gross Revenue and Profits before taxes/Gross Revenue. The criteria about Asset Size, Size of employees, Revenue growth potential, Profits and Reputation across media of enterprises are referencing criteria to finalize the Ranking.

After the evaluation process, PROFIT500 Ranking released and honored top 500 Vietnam’s most profitable enterprises in 2019. Accordingly, Phenikaa Group and Vicostone JSC ranked no. 57 and 70 respectively in the Ranking. These are also the two enterprises that secured the highest ranks in manufacturing and doing business in building material industry.

Ms. Dao Mai Lan, Director of Communication Department of Phenikaa Group (in the middle, top row) is representing Phenikaa Group to receive the Award

According to Vietnam Report’s evaluation, the enterprises honored in PROFIT500 Ranking 2019 are enterprises that had impressive business results, were highly profitable, and had potential to become the pillars for development of Vietnam’s economy. The evaluation and the recognition is the honor for Phenikaa Group and Vicostone JSC as well as the motivation for the enterprises to continuously improve their competitiveness, continue to develop sustainably and contribute to the overall development of the country.

Over the past few years, PHENIKAA Group and VICOSTONE JSC continuously achieved success with good business growth rates. In 2018, PHENIKAA Group had the profits before taxes of 1,574.82 billion dongs. VICOSTONE JSC had 1,318.51 billion dongs in profits before taxes.

Mr. Pham Anh Tuan, General Director of Vicostone is representing the Company to receive the Award

The PROFIT500 2019 had the participation of big corporations like Vietnam Oil and Gas Corporation, Samsung Vietnam, Viettel, Bank for Foreign Trade of Vietnam VCB, Vingroup, Vietnam Dairy Products Joint Stock Company - Vinamilk, Vietnam Technological and Commercial Joint-stock Bank- Teckcombank, Hoa Phat Group JSC…