FECON entered "Vietnam’s Top 50 best performing companies" for the 4th time

On 7^th June, FECON was honored in "Vietnam’s Top 50 best performing companies" Award ceremony held by Nhip cau dau tu magazine.

The "Top 50 Best Companies in Vietnam" rankings is evaluated based on the performance of enterprises with the ratio of 70% divided equally for the two criteria of average revenue growth in the last 3 years and return on equity (ROE) averaged over 3 years. The remaining 30% will be decided by the market through profit margin criteria for investors. As a result, FECON's ROE was 16.5%, its revenue growth was 19.7% and the return on equity was 34.4%.

In 2017, FECON reached VND 3,837 billion in total assets, increased by 15% compared to 2016; The total revenue of the whole system reached VND 2,320 billion, the profit of the whole year was VND 177.5 billion, rised 10% and 7% respectively from 2016. Along with that, FECON has made its impressive mark with a series of outstanding project including: becoming the first Vietnamese company to participate in tunneling operating with TBM robots at the Metro Line 1 project (Ho Chi Minh City) which has been opening up many opportunities for cooperation on urban underground works in big cities as Ha Noi, Ho Chi Minh City…; FECON is also the first company to successfully negotiate a strategic cooperation deal in the field of investment and development of Vietnam transportation infrastructure project with two Japanese partners, NEXCO and JEXWAY, in Phu Ly city bypass construction project under BOT contract.

In addition, in 2017, FECON has strengthened investment resources in Vinh Hao 6 solar power project and other renewable energy projects in Vietnam. FECON has signed a cooperation agreement with ACWA Power (Saudi Arabia) and jointly research three other solar power projects in Ninh Thuan and Binh Thuan.

So far, not only working in a foundation construction, FECON has been gradually become general contractor for foundation, industrial and civil construction and oriented clearly to become a leading corporation in infrastructure construction in 2020. In 2018, FECON set a target of VND 3,500 billion of revenue and VND 272 billion after-tax profit.

“Vietnam’s 50 Best-performing Companies” (TOP 50) is an annual prestige ranking developed by Nhip Cau Dau Tu Magazine in tandem with Thien Viet Securities to honor the most effective companies on Vietnam stock exchange. The ranking process took counsel from many economists and business experts who were Harvard Business School graduates, and we also referred to many prestigious rankings from renowned publications such as Bloomberg Businessweek, Fortune, and Forbes. [caption id="attachment_11190" align="aligncenter" width="701"] Deputy General Director Ta Cong Thanh Vinh (5th from left) - Representative of FECON received the award in the ceremony.[/caption]