Food & Receipts

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

For 12 consecutive years, Vinamilk has consistently ranked among the top 50 best-listed companies, and it stands alone as the only representative from the dairy industry and the fast-moving consumer goods (FMCG) sector to boast such an impressive record. This remarkable achievement offers a compelling insight into why Vinamilk continues to be a magnet for investors.

Administrator

20 August, 2024

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.

Forbes Vietnam’s Top 50 Listed Companies 2024.

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.

Vinamilk’s strong distribution network of over 200,000 sales points nationwide helps target younger consumers.

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.

Vinamilk’s 14 modern manufacturing facilities in Vietnam and 2 overseas plants ensure production capacity and product quality.

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.

With over 25 years of export experience, Vinamilk has established the presence of Vietnamese dairy products in over 60 countries worldwide.

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.

Frequently asked questions

Vinamilk has been ranked among the Top 50 Listed Companies in Vietnam by Forbes Vietnam for 12 consecutive years, securing a spot in the top echelon of the country’s best businesses.

FMCG stands for Fast-Moving Consumer Goods, and Vinamilk is recognized as Vietnam’s premier FMCG company due to its strong brand presence and market leadership in the dairy industry. With a diverse range of high-quality dairy products, Vinamilk has become a household name in Vietnam, trusted by consumers for its nutritious and delicious offerings.

Vinamilk’s success and market dominance can be attributed to its commitment to product innovation, stringent quality control, and strategic marketing campaigns. The company continuously invests in research and development to create new products that cater to the evolving preferences and needs of consumers. Additionally, Vinamilk maintains a strong distribution network, ensuring that its products are widely available across Vietnam.

Some notable achievements by Vinamilk include being the first Vietnamese company to be included in the FTSE Global Equity Index (2016), receiving the National Brand Award for nine consecutive times, and being recognized as one of ‘Vietnam’s 50 Best-Performing Companies’ by Nhip Cau Dau Tu magazine for 11 consecutive years. These achievements showcase Vinamilk’s consistent excellence and strong brand reputation.

Vinamilk is committed to corporate social responsibility and makes significant contributions to society and the community. The company actively supports education and healthcare initiatives, including building kindergartens in rural areas, providing scholarships to students, and donating medical equipment to hospitals. Vinamilk also promotes sustainable agricultural practices and works closely with local farmers to ensure a stable supply of high-quality raw milk.