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Vinamilk joins Forbes list of best firms
Forbes magazine has added Vinamilk to its list of Asia's 200 Best Under A Billion, making it the first Vietnamese company to join the US publication's prestigious list.
Asia's 200 Best Under A Billion highlights the 200 top-performing small- and mid-sized companies with annual revenue under US$1 billion, with the list focusing on profitability, growth, modest indebtedness and future prospects.
Vinamilk ranked 31st in market value on the list, with equity of $1.56 billion. The company's sales reached $575 million in the most recent 12-month period, putting it in 16th place.
"The magazine's recoginisation will help market our trademark worldwide, as well as peg our performance to international levels," said Vinamilk Chairwoman Mai Kieu Lien.
Vinamilk (VNM) closed unchanged yesterday at VND88,500 per share.
The Forbes list showed Hong Kong companies predominating, with 71 listed. India grabbed 39 spots, up from only 20 last year, while only two Japanese companies made the list, down from 24 in 2009.
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