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Vietjet again tops 50 Best-Performing Companies

Released at: 10:05, 12/06/2018 BUSINESS SPOTLIGHT

Vietjet again tops 50 Best-Performing Companies

Photo: Vietjet

Budget carrier leads the way for second year in a row in Nhip cau Dau tu magazine's awards.

by Doanh Doanh

For the second year in succession, Vietjet Air was honored to lead the year’s biggest awards, Nhip cau Dau tu magazine’s “Vietnam’s 50 Best-Performing Companies 2017” and was among the “Billion-Dollar Club” of companies with market capitalization in excess of $1 billion.

Managing Director Luu Duc Khanh receives Top 50 best performance companies 2017 award

“Vietnam’s 50 Best-Performing Companies 2017” is based on business results and management capacity over three consecutive fiscal years: 2015, 2016 and 2017. Stock Return to Investors - Compound Annual Growth Rate (SR-CAGR) and Return on Equity (ROE) each account for 35 per cent of an enterprise’s score while the remaining 30 per cent is decided by the market through returns to investors.

Vietjet’s SR-CAGR and ROE were 69 per cent and 71.3 per cent, respectively. The stock return rate was 204.4 per cent, with over $4 billion in market capitalization.

The total market capitalization of the Top 50 stands at $96 billion, or 63 per cent of total market capitalization, of which 16 companies in retail, consumer goods, banking, real estate, telecommunications, and aviation have more than $1 billion. This is evidence that Vietnam’s stock market has changed dramatically in scale and exhibits the maturity of the large enterprises that play leading roles in different economic sectors.

Aiming to become a “Consumer Airline”, Vietjet is continually opening new routes, adding to its fleet, investing in modern technology, and offering more added-on products and services to meet all demands of customers.

It is a pioneering airline that is loved by many for its exciting promotional and entertainment programs, especially during the festive season. With high-quality services, diverse ticket classes, and special low-fare tickets, Vietjet offers passengers flying experiences on new aircraft with comfy seats, delicious hot meals, beautiful and friendly cabin crews, and other interesting added-on services.

It is the first airline in Vietnam to operate as a low-cost, modern carrier to provide a wide range of services to customers. Apart from air transport, it also provides consumer goods and services to customers through the application of advanced e-commerce technology.

It is an official member of the International Air Transport Association (IATA) and holds an IOSA Safety Certificate. In addition to being in the “Top 500 Leading Brands in Asia 2016” and the “Best Recruiting Brand in Asia” for many consecutive years, Vietjet was also honored as the “Best Asian Low Cost Carrier” in the TTG Travel Award in 2015. It is also among the Top 3 Fastest Growing Facebook Fanpages, according to Socialbakers.

Vietjet currently operates a fleet of 60 A320 and A321 aircraft on more than 385 flights daily, carrying over 60 million passengers to date on 82 routes to destinations in Vietnam and internationally, such as Hong Kong, Singapore, South Korea, Taiwan, China, Thailand, Indonesia, Myanmar, Malaysia, Cambodia, and elsewhere.

It plans to expand its network across the Asia-Pacific region and is continuing to expand its regional network. It recently signed a contract to purchase modern aircraft from the world’s leading aircraft manufacturers.

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