While companies from China, Hong Kong and Taiwan continued to dominate with 122 entries on this year's Asia's Best Under A Billion list (up from 108 in 2018), some of the best companies come from other parts of the region
The country’s largest property brokerage was established by Luong Tri Thin in 2003. Born into an underprivileged family, Thin was a street vendor, porter, and rice merchant before becoming a real estate broker. where Thin is chairman and CEO, branched into property development in 2007 and now has 28 projects with 652 hectares under construction. The company invested around $2 billion in these projects, comprising affordable condominiums for Vietnam’s rapidly expanding middle class.
The company’s revenue jumped 61% to 5 trillion dong in 2018 while net profit rose 57% to 1.2 trillion dong. The brokerage division sold 28,000 homes last year, up 27% from 2017 and accounting for about half of group revenue. Dat Xanh aims to sell another 32,000 homes this year to further cement its leadership in the country’s brokerage industry, where it currently has a 30% market share.
Revenues from the employment search and recruitment market are forecast to jump 27% to nearly $4.7 billion in the next three years, according to Tokyo-based Yano Research Institute. In the same period, En-Japan expects to nearly double sales and operating profits, while boosting dividends and potentially buying back shares, according to the company’s strategic plan announced in May.
Founded in 2001 in the southeastern city of Huizhou, the company started as a supplier of lithium-ion batteries for e-cigarettes and home appliances. The company’s revenue jumped 46% to 4.3 billion yuan in 2018, while net profit increased 41% to 571 million yuan. It will invest at least $1.4 billion to boost annual production capacity for lithium-ion, soft-pack batteries by six times to 9 gigawatt hours by next year.
Besides the steel mill in Uttar Pradesh, Gallantt Ispat also operates a power plant and a wheat flour mill. It plans to invest $113 million over the next two years both to double its steelmaking capacity to 660,000 metric tons as well as to build a new facility to produce iron pellets. The pellet plant will improve profitability and cut production costs.
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