Vinamilk has been in the top 50 best listed companies in Vietnam for 10 consecutive years.

Mr. Nguyen Quang Tri - Marketing Executive Director of Vinamilk represented to receive the award of Top 50 best listed companies in Vietnam 2021 from Forbes Vietnam. Photo: PV

A decade"fire tests gold"

Recently, Vinamilk was honored by Forbes Vietnam as one of the 50 best listed companies in Vietnam in 2022 and is also the only enterprise in the Food & Beverage industry to be named in this list for 10 consecutive years from 2013 to present with high rankings.

Forbes Vietnam commented that 10 years is a relatively long period of time to evaluate changes. The changes in businesses also partly reflect the structure of the Vietnamese economy, which has gradually shifted to business and production sectors with higher technical content and value.

Vinamilk representative (6th from left) along with 8 other businesses that have been on Forbes Top 50 list for 10 consecutive years were specially honored at the event. Photo: PV

For Vinamilk, 10 years of maintaining its position as one of the best listed companies in Vietnam is a journey of "fire testing gold" with many ups and downs and challenges of having to constantly innovate and change to surpass itself and take the lead. In 2013, Vinamilk had a revenue of 31,586 billion VND and a profit after tax of 6,534 billion VND. Vinamilk is a major contributor to the profits of the State Capital Investment Corporation (SCIC), the capital management unit in hundreds of equitized state-owned enterprises. From 2013 to 2021, Vinamilk's total contribution to the State budget reached 37,644 billion VND.

According to the 2022 business plan, Vinamilk's revenue has doubled since 2013, equivalent to VND 64,070 billion. Profit after tax is estimated at VND 12,000 billion. Capitalization is VND 180,572 billion, equivalent to USD 7.9 billion, as of December 31, 2021. VNM is still a "blue-chip" stock in the basket of foreign financial institutions from Dragon Capital, VinaCapital, VCBF...

Vinamilk actively implements potential projects to achieve the company's goals for the 2022-2026 period. Photo courtesy of Vinamilk.

List of 50 best listed companies in 2022, Forbes Vietnam magazine has evaluated listed companies on HSX and HNX through many steps. Companies need to meet mandatory conditions on revenue and profit to be considered and scored quantitatively on five criteria: compound growth rate of revenue, profit, ROE, ROC and EPS growth in the period 2017 - 2021, and at the same time, qualitative investigation to assess the sustainable development of the enterprise: company position in the industry, source of profit, quality of corporate governance, industry prospects...

Vinamilk Green Farm – a typical example of sustainable development in agriculture built by Vinamilk. Photo: PV

Conversion for the new journey

In recent years, to create new growth momentum, Vinamilk has stepped up investment and cooperation with many domestic and foreign partners to develop and expand the company, preparing for the next 5-year development goals. In a sharing about Vinamilk's upcoming journey, Ms. Mai Kieu Lien, General Director of Vinamilk said:“We keep what is good, and change what is not so good. And to change quickly, strongly and effectively, in my opinion, the biggest points are: Product innovation - Thinking innovation - Process innovation”.

In 2021, Vinamilk also carried out many investment and joint venture activities such as investing in the construction of a milk factory in Hung Yen with an investment capital of 4,600 billion VND; cooperating with De Monte Group to distribute Vinamilk products in the Philippines market; signing a memorandum of understanding with a Japanese partner worth 500 million USD for a beef cattle farming project in Vinh Phuc. Recently, in May 2022, Vinamilk started construction of the Moc Chau Milk Paradise Complex with a total expected investment capital of up to 3,150 billion VND.

Vinamilk is also the milk brand chosen most by Vietnamese consumers for 10 consecutive years according to Kantar Worldpanel's Brand Footprint Report.

In addition to the achievements in production and business, over the past 10 years, Vinamilk has also been known as a leading and active enterprise in the direction of sustainable development. From 2013 to now, Vinamilk has also promoted the construction of most of its existing farms according to international standards such as European Organic, GlobalG.AP Good Agricultural Practices.

Vinamilk has started to deploy renewable energy - clean energy in factories and farms, applying circular economy to utilize and regenerate resources, accelerating the process of reducing emissions in the value chain, and aiming to achieve net zero emissions by 2050. More than 1 million trees for Vietnam and tens of millions of glasses of milk given to children have also been implemented by the enterprise through many community programs during this period.

In 2021, Vinamilk is currently in the top 40 largest dairy companies in the world in terms of revenue (according to Plimsoll, UK) and the Top 10 most valuable dairy brands globally (according to Brand Finance). To date, the company has nearly 20,000 employees working in more than 40 domestic units and branches abroad. Vinamilk products have been exported to 57 markets, with cumulative revenue reaching more than 2.6 billion USD.