The Vietnam Dairy Products Joint Stock Company (Vinamilk) is on Nikkei Asian Review’s Asia300 list, which names Asia ’s most dynamic companies, a company representative said on March 18.
HCM City (VNA) - The Vietnam Dairy Products Joint Stock Company (Vinamilk) is on Nikkei Asian Review’s Asia3꧑00 list, which names Asia’s most dynamic companies, a company representative said on March 18.
Also included on the list are the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), FPT Corporation, Petrovietnam Gas Joint Stock Corporation and Vingroup.
Total market capitalisation of the five Vietnamese enterprises is valued at more than 21.2 billion USD, nearly 7.3 billion USD of which comes from Vinamilk , Vietnam ’s largest company by market capitalisation.
Last year, Nikkei Asian Review also listed Vinamilk among ASEAN’s top 100 valuable enterprises and Asia 300 list. The journal said that Vinamilk is the biggest milk production company in Vietnam with diversified products.
The company raked in over 40.2 trillion VND (1.8 billion USD) in revenue in 2015, 15 percent higher than the previous year. Some 6 billion dairy products were distributed in the domestic market last year.
Asia300 features leading companies from eleven countries, including China and members of ASEAN. The companies are chosen based on market capitalisation, growth potential and geographical development.-VNA
FPT, Vietcombank, PetroVietnam Gas (PVGas), Vinamilk, and Vingroup are five Vietnamese enterprises that appeared on the Asia300 report, which was released recently by Nikkei Asian Review.
The Vietnam Dairy Products Joint Stock Company (Vinamilk) posted an after-tax profit of nearly 7.8 trillion VND (350 million USD) last year, an increase of 28 percent year-on-year.
Vinamilk, Vietnam’s largest dairy company, signed a contract to export powered milk for children, worth 12.5 million USD, while attending Gulfood 2016 held in the UAE from February 21-25.
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