Vinamilk: The only FMCG enterprise in the Top 50 Listed Companies by FORBES Vietnam for 12 consecutive years

DNHN - For 12 consecutive years, Vinamilk has maintained its position among the leading group in the Top 50 Best Listed Companies ranking. It is also the sole representative of both the dairy industry and the FMCG sector to hold this record.

The only dairy representative, 12 years “unshaken”

Based on the audited financial results of 2023, the Top 50 Best Listed Companies of 2024, announced by Forbes Vietnam, includes enterprises regarded as "the driving forces of the economy and exemplary representatives of their respective industries." This year, Vinamilk remains in the top 5 and is the only fast-moving consumer goods (FMCG) enterprise on the list. Other representatives come from industries such as oil and gas, steel, and finance.

Over the 12 years of its publication, the list has seen numerous changes, reflecting economic and market fluctuations due to various objective and subjective factors. In this year's list, there have been 18 changes among the 50 companies recognized. For example, some well-known names in the consumer and retail sectors are absent due to the still-sluggish market demand, while new names have emerged.

In the annual ranking list eagerly awaited by Forbes Vietnam, Vinamilk stands out as a special case. Not only is it the only dairy industry representative in the top 10, but it is also the sole FMCG company to have consistently appeared for all 12 years since the ranking's inception. During this period, Vinamilk's total revenue doubled, from VND 27,102 billion in 2012 to VND 60,479 billion in 2023.

Attracting investment through quality and sustainability

Since its official listing in 2006, Vinamilk (VNM) remains one of the major stocks in the VN30 basket and has been in the top 20 "green" VNSI stocks leading in sustainability based on ESG criteria for many years.

According to the 2023 annual report, Vinamilk is a leading F&B company on the HOSE exchange with a market capitalization of nearly USD 6 billion and revenue exceeding USD 2.4 billion, placing it in the Top 40 largest dairy companies globally. This leading listed dairy enterprise in Vietnam consistently attracts interest from major investment funds from Singapore, the U.S., and others due to its transparency, sustainability, and good governance. The largest foreign shareholders currently investing in Vinamilk include F&N Dairy Investment and Platinum Victory from Singapore, Fubon FTSE Vietnam ETF from Taiwan, and Vanguard International Value Fund from the U.S.

In the first half of 2024, Vinamilk's revenue growth reached impressive numbers, with export growth in Q2/2024 being a highlight, increasing by 37% year-on-year, maintaining a growth streak from 2023 to now. Vinamilk currently exports to over 60 countries and territories, including "demanding" markets such as the U.S., Australia, New Zealand, Japan, and South Korea.

Domestically, continuous investment in product quality has ensured Vinamilk's leading position, with 12 consecutive years as Vietnam's most purchased milk brand and ranking among the top 3 FMCG producers most chosen by Vietnamese consumers.

These positive results are attributed to continuous innovation, product quality enhancement, market expansion, and cost and operational efficiency optimization. Notably, the company's comprehensive innovation strategy since mid-2023 is also driving its current growth momentum.

In addition to business performance, Vinamilk “scores points” with investors through brand value, product quality, and its sustainable development orientation. Vinamilk is still a source of national pride, with a brand value of up to USD 3 billion, ranking in the top 10 globally in the dairy sector.

The company also demonstrates resilience in its sustainable development strategy, being a pioneer in ESG activities in Vietnam, exemplified by programs aimed at achieving Net Zero by 2050. This has become a highlight for Vinamilk among investors, especially amid the growing trend of ESG investment. With its existing foundations and current development momentum, Vinamilk is considered a typical representative of Vietnamese enterprises in the context of globalization.

Thien Huong