TC ACHIEVED VIET NAME TOP 50 BEST PERFORMANCE COMPANIES IN 2024
On December 11, 2024, the Program Organizing Committee – Nhip Cau Dau Tu Magazine in collaboration with Thien Viet Securities JSC (TVS) organized the honoring of Viet Nam Top 50 Best Performance Enterprises in 2024, recognizing enterprises with outstanding business performance compared to the market and industry average.
The Top 50 ranking is conducted annually based on measuring important growth indicators including revenue, return on equity and earnings per share in the last 3 consecutive years. Enterprises in the ranking meet the criteria of scale (capitalization, revenue, profit), revenue growth rate, return on equity (ROE) and stock return (ROC).
Thanh Cong Textile Garment Investment and Trading JSC (Stock Code: TCM) is honored to be in the Top 50 typical enterprises for listed companies on the Vietnamese stock market and is the only Textile and Garment Company honored to receive this award.
The period of 2020 – 2023 witnessed many macroeconomic fluctuations at home and abroad after the pandemic, creating a lot of pressure for Vietnamese enterprises. Slow recovery of the supply chain, high inflation, energy crisis, conflicts in many regions and geopolitical disruptions have changed the business environment. Enterprises, especially export enterprises, face many difficulties and challenges and TCM is no exception. However, with flexibility, adaptability in governance and innovation in a volatile economic environment, along with the continuous efforts of the Company’s leadership, officers and employees in the recent period, focusing on a sustainable development strategy, TCM has achieved certain business results with an average ROE of 10% for 3 years (2021-2023) and an average profit rate for investors in 3 years of 20%. Thereby bringing benefits to shareholders, investors and stakeholders, meeting the evaluation criteria of Vietnam’s Top 50 Best Performance Enterprises in 2024 award Program.
Top 50 Best Performance Enterprises in 2024 with the diverse participation of 14 industries accounts for about 55.6% of the total capitalization value of the HOSE floor, including 23 billion USD enterprises. The ranking of the Top 50 Best Performance Enterprises in Vietnam reflects the great movement of the economy as well as the efforts to overcome difficulties of many businesses, recognizing the bright spots of businesses in many fields. These bright stars have in common the characteristics of having a solid management foundation, always innovating and creating, aiming for more sustainable growth models.
The Top 50 Best Performance Enterprises in Vietnam is a valuable and prestigious ranking conducted annually to search for and honor effective Vietnamese companies, while recognizing and encouraging the initiatives and efforts that businesses bring to the industry in particular and the economy in general.
The Top 50 list is not only a ranking for investors to refer to and find an investment environment, but also a testament to the achievements of the management and operation orientation towards sustainable development of Vietnamese businesses, while creating a business community aiming for long-term values. These businesses have demonstrated the ability to maintain sustainable growth and generate effective profits over time.
