Vinamilk named Vietnam’s most valuable firm


Updated : 07/04/2017 16:15 GMT + 7

Dairy giant Vinamilk has been named the most valuable company in Vietnam for the second year in a row by Forbes Vietnam.

Forbes Vietnam and Viet Capital Securities Company on Monday announced their list of the 40 most valuable firms in Vietnam, which were collectively valued at over US$5.4 billion, an increase of 20 percent on last year.

Vinamilk, officially known as Vietnam Dairy Products, topped the magazine’s list with an estimated value of more than $1.71 billion, up 13 percent year-on-year.

This is the second consecutive year the dairy producer has sat atop the table, with its 2016 brand value estimated at over $1.52 billion.

Vinamilk was valued more than twice the amount of runner-up Viettel.

The military-owned telecom group was worth $849.6 million, while property conglomerate Vingroup was third at $299.3 million.

An Giang Province-based agricultural manufacturer and service supplier Loc Troi Group closed the list with $13.1 million in estimated value.

Loc Troi joined a group of first-timers to be featured on the Forbes Vietnam list alongside Quang Ngai Sugar JSC, fuel dealer Petrolimex and travel company Saigontourist.

Companies operating in the fields of consumer goods, finance and banking dominated the list with 19 names, including prominent financial institutions such as Vietcombank, Vietinbank, BIDV, Bao Viet Holdings, MB Bank, VP Bank and Sacombank.

Three quarters of the 40 firms are listed on the Ho Chi Minh City and Hanoi stock exchanges.

The contribution of a company’s brand to its business performance played a large role in the evaluation of its total value, with the most valuable brands being those that recorded high revenue and earnings in the industries they were leading, according to Forbes Vietnam.

The magazine, in coordination with Viet Capital Securities Company, evaluated the firms’ pre-tax earnings, loan interest rates and intangible assets.

The total brand valuation is calculated on each company’s share price-to-earnings (P/E) ratio versus the market’s average P/E ratio for listed companies.

For unlisted companies, Forbes Vietnam compared a firm’s scale and scope to others in the same industry to calculate its value.

Vinamilk currently operates 13 dairy factories and ten cow farms across Vietnam, along with facilities in the U.S., Cambodia, New Zealand and a subsidiary in Poland.

Their products are exported to 43 countries.

Last month, the company was the only Vietnamese representative to land a spot on the latest Nikkei Asian Review’s Asia300, an exclusive list of the most powerful and valuable listed companies in the region, rubbing shoulders with such giants as Alibaba Group Holding and Tencent Holdings.

This entry was posted in Doanh nghiệp - Enterprises, Economics - Kinh tế and tagged , , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development ( I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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