Among them were 23 companies who made the list for three consecutive years, including Vietnam Dairy Products JSC, Binh Minh Plastics JSC, Hau Giang Pharmaceutical JSC and Vinacafe Bien Hoa JSC. 

Le Nhi Nang, chief representative of the State Securities Commission in Ho Chi Minh City, said that the announcement of the list is a practical leverage for enterprises to develop their operation, and an incentive for investors on the bourse.

Evaluating the effectiveness of enterprises listed on the stock market, is based on business growth indicators, including turnover, profit, Return On Equity (ROE) and Return On Capital (ROC) on average over 3 years (2011, 2012 and 2013).

Businesses must meet three criteria: a market capitalisation of VND500 billion plus, annual turnover of VND200 billion or more, and profit after tax achieving a minimum of VND20 billion.

The top 50 is within the intensive survey and annual business ranking programme conducted by Nhip Cau Dau Tu (Investment Bridge) magazine, in co-ordination with many other agencies, to seek the most successful companies on the Vietnam stock market.

The survey aims to evaluate the strengths and weaknesses of the business model, business administration methods, and business leadership visions.

It also encourages companies to maintain their business and management advantages, and examine risks in the strategy for the next development stages.