Vinamilk – Vietnam’s Premier FMCG Company: 12 Consecutive Years in Forbes Vietnam’s Top 50 Listed Companies.

Vinamilk: Leading the Dairy Industry for 12 Years and Counting

The recently released Forbes Vietnam’s list of the Top 50 Best Listed Companies in 2024 shines a spotlight on the nation’s economic powerhouses, and among them, Vinamilk stands out as the sole representative of the dairy industry. This year, Vinamilk secured its spot in the top 5, alongside giants from industries such as industrial manufacturing, oil and gas, steel, and finance.

Over the 12 years of this list’s existence, the Vietnamese economy and market have undergone dynamic changes, and the list has reflected these shifts. This year’s iteration saw 18 new entrants, with notable absences from the consumer and retail sectors, while also welcoming new names.

Vinamilk’s consistent presence in this prestigious list is remarkable, especially considering they are the only FMCG company to have made the cut every year since the list’s inception. During this period, Vinamilk has doubled its revenue, soaring from 27.102 trillion VND in 2012 to 60.479 trillion VND in 2023.

Attracting Investments Through Quality and Sustainability

Since its listing in 2006, Vinamilk (VNM) has remained one of the largest stocks in the VN30 basket and has consistently ranked among the top 20 “green” stocks in the VNSI for sustainability based on E-S-G criteria.

According to the 2023 annual report, Vinamilk is the F&B company with the largest market capitalization on the HOSE, valued at nearly $6 billion, and with revenue exceeding $2.4 billion, it ranks among the Top 40 dairy companies globally. This publicly-listed company leads the Vietnamese dairy industry and has garnered attention from major investment funds in Singapore, the US, and beyond due to its transparency, sustainability, and good governance. Notable foreign shareholders include F&N Dairy Investment and Platinum Victory from Singapore, Fubon FTSE Vietnam ETF from Taiwan, and Vanguard International Value Fund from the US.

In the first half of 2024, Vinamilk achieved impressive revenue growth, particularly in Q2 with a 37% increase in exports compared to the previous year. This upward trend has been consistent since 2023, and Vinamilk’s products are now exported to over 60 countries and territories, including demanding markets like the US, Australia, New Zealand, Japan, and South Korea.

Domestically, Vinamilk’s unwavering commitment to product quality has solidified its market leadership. For 12 consecutive years, it has been the most purchased dairy brand in Vietnam and is among the top 3 FMCG manufacturers chosen by Vietnamese consumers.

These positive outcomes are attributed to continuous product improvements, market expansion, and cost and operational efficiency optimizations. Additionally, the company’s comprehensive strategic overhaul since mid-2023 has provided a significant boost to its current growth trajectory.

Beyond financial performance, Vinamilk appeals to investors through its brand value, product quality, and commitment to sustainable development. With a brand value of $3 billion, Vinamilk is a source of national pride as it ranks among the top 10 dairy brands globally.

The company’s steadfast dedication to sustainability is evident in its pioneering role in ESG initiatives in Vietnam, notably its programs aimed at achieving Net Zero by 2050. This focus on sustainability aligns with the growing trend of ESG investing and further enhances Vinamilk’s appeal to investors. With a strong foundation and dynamic growth momentum, Vinamilk exemplifies the potential of Vietnamese enterprises in the global arena.