Vinamilk in the top 50 most effective companies in Vietnam for 6 consecutive years

(Baonghean) - On June 9, in Ho Chi Minh City, the announcement ceremony of the ranking of "50 Most Effective Companies in Vietnam in 2016" took place. Accordingly, Vinamilk has achieved this prestigious title for the 6th consecutive time with business results highly appreciated by experts.

The ranking of “50 most effective businesses in Vietnam” is an annual ranking conducted by Nhip Cau Dau Tu Magazine in collaboration with Thien Viet Securities Company, with the consultation of domestic and foreign economic experts and references from prestigious world rankings such as Bloomerg Businessweek, Fortune, and Forbes Global.

This is not only an occasion to honor large-scale companies that bring pride to the country, but also an occasion to express gratitude for the values ​​from effective business that businesses bring to consumers.

Mr. Phan Minh Tien - CEO of Vinamilk and company representatives were ranked in "Top 50 most effective business companies in Vietnam".

The list was published with the objectives of surveying and ranking listed companies with great achievements in business operations, encouraging businesses with effective management and strategies to bring sustainable business growth, searching for business leaders with long-term vision and breakthrough thinking, creating a premise for other research projects on businesses of Nhip Cau Dau Tu. Therefore, being named in this list, Vinamilk not only affirms its business achievements through numbers, but also shows the wisdom of the dedicated and strategic minds of the leadership positions.

The basic criteria to be surveyed and ranked are that the market capitalization value as of April 2017 must be from 1,500 billion VND or more, revenue in 2014, 2015, 2016 must be from 250 billion VND or more, net profit in 2014, 2015, 2016 must be from 25 billion VND or more. With the result of compound growth in sales revenue of 14.8%,return on equity (ROE) 34.5%and the rate of return for stock investment in the 3-year period from 2014-2016 is 82%Vinamilk has been standing shoulder to shoulder with other leading enterprises, contributing to the continuous growth of the economy.

With its sustainable development, Vinamilk has continuously made its mark in prestigious polls of domestic and foreign organizations. In May 2017, in addition to being voted as the leading brand in Vietnam for 3 consecutive years by Kantar Worldpanel, Vinamilk is also the only consumer goods manufacturing company in Vietnam to be listed in the Global 2000 - the list of 2,000 largest listed companies in the world published by Forbes Magazine.

In the announcement of the expected consolidated business results for 2016, Vinamilk's total revenue for 2016 is expected to reach VND46,200 billion, equivalent to more than 2 billion USD. This result exceeds the target assigned by the General Meeting of Shareholders by nearly 4% and increases by nearly 15% compared to 2015. Pre-tax profit reached VND11,200 billion, exceeding by nearly 12% the plan assigned by the General Meeting of Shareholders and increasing by 20% compared to 2015. After-tax profit for 2016 is estimated at VND9,310 billion, exceeding by nearly 13% the plan assigned by the General Meeting of Shareholders and increasing by nearly 20% compared to 2015. Vinamilk's estimated revenue and profit in 2016 are approximately 12 times and 20 times higher, respectively, than in 2004 when this leading dairy company in Vietnam was equitized.

Dalat Organic Farm - the first European standard organic dairy farm in Vietnam.

At the Vinamilk Shareholders' Meeting on April 15, 2017, Ms. Mai Kieu Lien - General Director of Vinamilk said that the Company's total revenue target by 2021 is VND 80,000 billion. Of which, domestic revenue is VND 61,000 billion (accounting for 75%), revenue in foreign markets is VND 19,000 billion (accounting for 25%).

The average annual growth rate of domestic revenue is 10%/year, equal to or higher than the average growth rate of the market. Business results in the first quarter of 2017 grew strongly with revenue increasing by 16.1%; after-tax profit increasing by 34%, pre-tax profit increasing by 30.3%. In 2017 alone, Vinamilk set a target of total revenue of VND51,000 billion, an increase of 8% over the previous year and after-tax profit of VND9,735 billion, an increase of 4%. It should be noted that Vinamilk's average corporate income tax rate in 2017 is estimated at 17.5%, higher than the 16.7% rate in 2016.

To achieve past results and set higher goals in the future, Vinamilk has made constant efforts as a pioneer in improving the quality of the dairy industry. Last March, in Da Lat, Lam Dong province, Vinamilk officially inaugurated the first European-standard organic dairy farm in Vietnam. The farm has a total investment of more than 200 billion VND in Lam Dong, with an initial herd of more than 500 cows and will continue to increase in the coming time. This event marked a new step forward for Vinamilk on its pioneering journey to bring the best nutritional products to Vietnamese consumers.

HH