Corporates and Businesses of Vietnam Index (in short CBV-Index) is a Vietnamese equity market index created by BienViet Securities J.S.C., and first published on January 1, 2007.
The CBV-Index contains the stock
of the 50 largest public companies
, with largest total market capitalization
, listed in either Hanoi
or Hochiminh City
Securities Trading Centers.
Criteria of a corporation to be listed in CBV Index:
- Corporations of Vietnam are listed in either Hanoi or Hochiminh City Securities Trading Centers.
- Total market capitalization is greater than 500,000,000,000₫ (Vietnamese đồng).
- In four consecutive quarters, net profit after tax must be greater than 0, and debt ratio is relatively low/safe compared with other companies in the same industry.
- Market liquidity: total value of trading shares in the current year must be greater than 50% total market capitalization.
- Corporation must be a leading one in her industry based on her market share and market capitalization.
- Corporation must be an operating company; a holding company will not be listed in the CBV-Index.
Like the S&P 500
, the CBV-Index is float weighted
, that is, only shares which is available for public trading ("float") are counted. The index is calculated in real time.