Vinamilk continuously receives excellent votes in the business field.
(Baonghean) - On June 7, 2018, at GEM Center, Ho Chi Minh City - Nhip Cau Dau Tu Magazine in collaboration with Thien Viet Securities Company (TVS) announced the list and honored "50 Most Effective Business Companies in Vietnam" (Top 50).
On June 7, 2018, at GEM Center, Ho Chi Minh City - Nhip Cau Dau Tu Magazine in collaboration with Thien Viet Securities Company (TVS) announced the list and honored "50 Most Effective Companies in Vietnam" (Top 50). The ranking shows the business results and reflects the management capacity of the enterprise in the past 3 years 2015, 2016 and 2017. This is also the 7th consecutive year that Vinamilk has achieved this prestigious title with business results demonstrating the sustainable and oriented development of the company.
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Mr. Nguyen Quoc Khanh - CEO of Vinamilk and company representatives received the award in the category "Billion Dollar Enterprise". |
The ranking of “50 Most Effective Companies in Vietnam” is an annual ranking conducted by Nhip Cau Dau Tu Magazine, which surveys and ranks listed companies through scientific measurement methods according to international standards with the advice of financial analysts from Thien Viet Securities Company, Vietnam Investment Group (VIG) Fund Management Company, Vietnam Capital Partners (VCP) Fund Management Company. Among them, there are many experts from Harvard Business School (USA) and other prestigious international business organizations.
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Vinamilk logo image appeared on the Award Ceremony screen. |
The Survey Council of the Top 50 project always maintains 3 criteria to select enterprises for the survey round including: (1) Currently listed on the Vietnamese stock market and has a capitalization value of 1,500 billion VND or more; (2) Revenue of 3 consecutive years from 250 billion VND or more; (3) Profit after tax of 3 consecutive years from 25 billion VND or more.
The results of this year's ranking depend on the performance of the business, with 70% divided equally between the two criteria of average 3-year compound annual revenue growth and average 3-year return on equity (ROE). Meanwhile, the remaining 30% will be decided by the market through the criteria of stock return to investor.
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Mr. Nguyen Quoc Khanh - CEO of Vinamilk and Company representatives ranked in “Top 50 most effective business companies in Vietnam” Nam" on the event stage. |
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 businesses to sustainable growth. Therefore, by being named in the top 10 companies in the "List of 50 Most Effective Businesses in Vietnam", Vinamilk not only affirms its business achievements through numbers, but also shows the correctness of its investment strategies.
Another important category this year is the honoring of “Billion Dollar Enterprises” - enterprises with a capitalization value greater than 1 billion USD and Vinamilk is honored to be ranked 2nd on the list with a capitalization value of 13 billion USD.
Vinamilk's total revenue in 2017 was 51,135 billion VND, paid to the state budget more than 4,200 billion VND, and market capitalization value as of December 31, 2017 reached more than 300 trillion VND.
With its business strategy acumen, focusing on investing in production technology towards sustainable development, since the beginning of this year Vinamilk has continuously made its mark in prestigious polls of domestic and foreign organizations. In April 2018, Vinamilk was the only fast-moving consumer goods company in Vietnam to be ranked by Nikkei Asia Review magazine in the list of 300 leading listed companies in Asia (2016 - 2018) for the third consecutive time. Immediately after that, in May 2018, Kantar Worldpanel announced that Vinamilk is the most chosen milk brand by consumers in Vietnam for 4 consecutive years from 2014 to present.