Vinamilk tops Forbes Vietnam's list of top 25 brands in 2025
The ceremony to honor the “Top 25 Listed Brands” took place within the framework of Forbes Vietnam’s 2025 Brand Conference. This is the 10th consecutive year that Forbes has published its annual list of brands.
This year’s list focuses on manufacturing and service businesses – the pillars of the economy in its sustainable growth strategy. In its tenth edition, Forbes continues to recognize the transformation of Vietnamese brands, from veteran names to the younger generation reaching out to the global market.
According to Forbes Vietnam, the total brand value of the 25 businesses on the list in 2025 reached 7.13 billion USD, an increase of 34.5% over the previous year, of which the food and beverage industry accounted for a large proportion.
Vinamilk continues to affirm its leading position by achieving the highest brand value on the list, nearly double that of the second-ranked company and far surpassing many large corporations. Thanks to its strong breakthrough and sustainable leading position, Vinamilk continues to be considered a national brand symbol, contributing to enhancing the position of Vietnamese enterprises in the international arena.
The list of Top 50 best listed companies in Vietnam was announced by Forbes Vietnam based on a rigorous evaluation process, going through many rounds with criteria such as: Enterprises making profits in 2025, revenue and capitalization of at least 500 billion VND; evaluating the compound growth rate of revenue, profit, ROE (return on equity), ROIC (return on investment),... The data used for evaluation is the audited consolidated financial statements for 2025.
Not only based on data, Forbes Vietnam also conducts qualitative investigations to assess the level of sustainable development of enterprises, the company's position in the industry, the source of profits, the quality of corporate governance, industry prospects, etc.
Forbes Vietnam's 13th list of the 50 best listed companies reflects notable changes in the business landscape after a period of turmoil, with 14 changes compared to last year's list, including 4 first-time companies and 8 returning companies.
The total revenue of the 50 companies on the list reached more than VND 1,567,511 billion (equivalent to more than USD 59.7 billion), up 20.8% over the previous year, while total profit after tax exceeded VND 207,000 billion (equivalent to more than USD 7.9 billion), up 8.5%, showing a strong recovery after the slowdown in 2024.
This continues to affirm Vinamilk's leading position in the industry, demonstrating strong competitiveness in all aspects, fully meeting the criteria to be considered the best listed company according to Forbes standards worldwide.
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Over nearly half a century, Vinamilk has not only maintained its No. 1 position in Vietnam but has also reached out to the world. Since the start of exporting in 1997, Vinamilk products have been present in 65 countries and territories, with a total cumulative turnover exceeding 3.4 billion USD.
According to Brand Finance, a prestigious brand valuation organization in the world, Vinamilk is the Top 1 most potential milk brand in the world, with the highest rating of AAA+; and is also the only representative of Southeast Asia to make it into the Top 10 most valuable milk brands in the world; bringing the Vietnamese dairy industry to the 5th position in the world in terms of brand value.
Impressive production and business results, investment strategy in science and technology, and commitment to green and sustainable development have helped Vinamilk achieve double titles in 2025 from Forbes Vietnam: Top 25 leading brands and Top 50 best listed companies.
Vinamilk recorded the highest revenue in the second quarter of 2025 sinceUhUp to now, reaching 16,745 billion VND
The domestic business segment recorded net revenue of VND13,614 billion, an increase of VND82 billion over the same period. These results came from the efficiency of distribution, marketing and digital transformation activities. In addition, the growth momentum also came from the increasing trust of consumers in reputable dairy products. Meanwhile, foreign net revenue reached VND3,111 billion, equal to the same period.
Vinamilk's total consolidated revenue in the second quarter reached VND16,745 billion, an increase of VND79 billion over the same period last year. This is the highest quarterly revenue the company has ever recorded.
Accumulated in the first 6 months of 2025, total consolidated revenue reached VND 29,710 billion, completing 46.1% of the yearly plan; with domestic and foreign net revenue reaching VND 23,624 billion and VND 6,035 billion, respectively.
The results achieved affirm the strategy of "investing in science and technology to maximize the natural nutritional values of milk" from the Vietnamese milk brand with the 6th highest value globally.
The company still maintains its 2025 plan with total revenue of VND 64,506 billion (up 4.3% compared to 2024) and after-tax profit of VND 9,680 billion (up 2.4% compared to 2024).
