Forbes Vietnam has just released a list of top 50 brands in Vietnam, of which VNPT is in third place at $509 million.

Forbes said it used the method its parent magazine in the U.S. uses to calculate a brand’s contribution to business performance.

After selecting a preliminary list of 100 companies with the highest brand recognition, product coverage and consumer awareness, it averaged earnings before interest and taxes in the past three years to determine the contribution by the company’s intangible assets based on industry-specific averages.

As the leading telecommunications and IT company in Vietnam, VNPT has been continuously gaining profit increases over the past years. Along with that, VNPT has also affirmed its pioneering and leading status in the digital transformation in Vietnam.