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Vinamilk among Top 300 most dynamic Asian companies

Released at: 16:50, 21/03/2016

Vinamilk among Top 300 most dynamic Asian companies

Dairy giant also has largest market capitalization in Vietnam, according to Nikkei Asian Review.

by Ngoc Chi

Vinamilk was the only dairy enterprise in Vietnam to make the list of the Top 300 most dynamic companies in Asia, as recently voted upon by the Nikkei Asian Review.

Four other Vietnamese enterprises joined Vinamilk on the list: Vietcombank, FPT, PetroVietnam Gas, and Vingroup.

According to Nikkei, the total capitalization of the five Vietnamese enterprises is over $21.2 billion, of which Vinamilk has $7.3 billion - the highest in the country.

The Top 300 most dynamic companies in Asia includes large-scale and fast growing enterprises from China, India, South Korea, Singapore, Thailand, Indonesia, Malaysia, and the Philippines, with rankings based on capitalization, growth potential, and levels of development in terms of geography.

After nearly four decades Vinamilk is the leading enterprise in Vietnam’s dairy industry and has 25 subordinate units and 13 production plants with nearly 6,000 employees.

It recently launched two new super plants to produce powdered milk and liquid milk, in southern Binh Duong province, with total investment of more than VND4.4 trillion ($198 million), not only to meet domestic demand but also to increase its exports. Vinamilk products are now sold in more than 42 countries around the world, such as Cambodia, Thailand, South Korea, Japan, China, Turkey, Russia, Canada, and the US.

Vinamilk has also bought a 22.8 per cent stake in Miraka from New Zealand, 70 per cent in Driftwood in the US, and 51 per cent in Angkor Milk in Cambodia, as well as a subsidiary in Poland as a gateway to Europe.

In 2015 it recorded sales totaling more than VND40.2 trillion ($1.8 billion), up 15 per cent against 2014, and contributed nearly VND4 trillion ($180 million) to the State budget. It produced nearly 6 billion different types of dairy products for consumers nationwide last year.

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