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 Reviꦚew’s Asia300 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.
Cho Ray hospital and the Vietnam Dairy Products Joint Stock Company (Vinamilk) signed a strategic cooperation agreement for a nutritional consultation programme in Ho Chi Minh City on February 26.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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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.
Vinamilk's dairy product (Photo: Vinamilk)
