Vinamilk makes it to Forbes Asia’s Best Over A Billion list
Vietnam’s biggest dairy producer Vinamilk has made it to Forbes Asia's inaugural Best Over A Billion list, which spotlights 200 top-performing listed companies across Asia-Pacific with revenues of 1 billion USD or more.
Hanoi (VNA) - Vietnam’sbiggest dairy producer Vinamilk has made it to Forbes Asia's inauguralBest Over A Billion list, which spotlights 200 top-performing listed companiesacross Asia-Pacific with revenues of 1 billion USD or more.
Mai Kieu Lien, General Director of Vinamilk, said that in the context thattechnology companies are dominating the rankings, the above result is aremarkable effort of food businesses, including Vinamilk.
TheForbes’s search started with a pool of 3,200 listed companies in theAsia-Pacific region with 1 billion USD or more in revenue in their latestfinancial year.
Contenders were ranked by a battery of more thana dozen metrics, including average five-year sales, operating income growth,return on capital, and projected growth over the next one to two years.
Those having the highest composite score earned a place in the final list of200.
The six others from Vietnam in Forbes Asia’s inaugural Best Over A Billionlist, besides Vinamilk, are Masan, Thegioididong, Sabeco, Vietjet Air,Vinamilk, Techcombank, and Vingroup.
According to Forbes, Vinamilk’s revenues in the last financial year topped over2.2 billion USD while market capitalisation was over 9 billion USD.
The company also made it to some renowned rankings in Vietnam.
Vinamilk topped the Forbes Vietnam’s list of 50 largest listed companies, and wonthe top position in Forbes Vietnam’s top 50 brands in 2019, with its brandvalue exceeding 2.2 billion USD.
In July, the state-owned dairy producer was the only Vietnamese companyincluded in the top 50 of the fourth annual Asia 300 Power Performers Rankingcompiled by the Nikkei Asian Review.
In the first half of this year, the group earned nearly 27.8 trillion VND (over1.19 billion USD) in net revenue, up 7.61 percent from the same period lastyear.-VNA
Vietnam’s dairy makers are accessing more opportunities to increase exports, but companies need to enhance their competitiveness in foreign markets and develop a concentrated production scale.
Vietnamese dairy producer Vinamilk’s organic product have impressed delegates to the 13th Global Dairy Congress which is being held in Lisbon, Portugal, from June 26-27.
Vietnam’s biggest dairy company Vinamilk said on August 2 that it is maintaining the leading position in Forbes Vietnam’s list of top 50 brands in 2019, with its brand value exceeding 2.2 billion USD.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A factory of Vinamilk (Source: Vinamilk) 
