Vinamilk is on the list of Fortune Southeast Asia 500

A leading enterprise in Southeast Asia

Famous for the global Fortune 500, this is the first time America's leading economic magazine has released a list for Southeast Asia - Fortune Southeast Asia 500. According to Fortune, they are the 500 largest companies and representatives in a dynamic region, contributing about USD 4,000 billion to global GDP and recording impressive growth rates.

The Fortune Southeast Asia 500 list is built based on the main criteria of revenue and net profit of businesses. In addition, comprehensive surveys and assessments of company size, employees, and socio-economic contributions are based on official, audited reports.

This year, 500 businesses in the rankings come from " leading " countries, such as Vietnam, Singapore, Thailand, Malaysia, Indonesia, Cambodia and the Philippines. With more than USD 2.5 billion in revenue, Vinamilk is the first group of 150 businesses in the ranking and is the only Vietnamese dairy company to appear on this list.

Vinamilk is also known as the most valuable food brand in Southeast Asia, with a valuation of USD 3 billion, according to Brand Finance 2023's brand report.

Southeast Asia is also one of Vinamilk's key and strong markets. Here, the company invests in a series of key projects, including: A factory in Cambodia, a dairy farm complex in Laos and a food and beverage joint venture in the Philippines. Vinamilk's products have been exported to all ASEAN countries and recorded positive growth.

Southeast Asia is increasingly asserting its essential role in the global economy. Specifically, after the pandemic and economic crisis, a series of large multinational companies in the world have moved their supply chains to this area. Soaring foreign direct investment combined with a young and growing population of 680 million people and stable exchange rates, the region is emerging as an attractive market.

Effective and sustainable business

Officially listed on the stock exchange since 2006, up to now, Vinamilk has always been in the group of companies with the largest market capitalization in Vietnam. Compared to the time of listing, Vinamilk's revenue has increased 9 times, capitalization has reached more than VND 141,000, and total dividends paid in cash are more than VND 80,000 billion.

Vinamilk currently manages 16 domestic and foreign factories and 15 dairy farms, with a herd of 140,000 dairy cows, providing more than one million liters of raw fresh milk daily. In 2023, Vinamilk's revenue reached VND 60,479 billion, and consolidated pre-tax profit was more than VND 10,968 billion. The company maintains the leading market share in the Vietnamese dairy industry with a distribution system of more than 200,000 points of sale, covering 63 provinces and cities.

Expected business results for the first 6 months of 2024 show positive growth momentum, with positive revenue growth in domestic and export business segments.

Vinamilk continues to show that its export strategies are on the right track in the international market. Accordingly, net revenue from export activities in 2023 reached more than VND 5,000 billion, growing 4.4% compared to the previous year. In the first 5 months of this year alone, export revenue is estimated to increase by 20% over the same period. After 25 years of exporting, Vinamilk has successfully explored 60 markets, with total revenue reaching USD 3.2 billion.

Not only is Vinamilk highly appreciated for its business efficiency, it is also a leading enterprise in sustainable development and ESG practices in Vietnam. Less than a year since pioneering the announcement of the roadmap to Net Zero 2050, Vinamilk has 3 units, including 2 factories and a farm, achieving carbon neutrality according to PAS2060:2014 standards.

In the strategic period starting from 2022 until now, Vinamilk is aiming for comprehensive innovation from brand identity, product research and development, and digital transformation across the entire system, promoting sustainable development... to create growth momentum for new stages of development.

Practicing sustainable agriculture to reduce greenhouse gas emissions is implemented through concrete actions at Vinamilk. In particular, the business emphasized the content of greenhouse gas inventory, completed at 100% of factories and deployed on all dairy farms according to ISO14064. With an extensive system of 15 farms and 16 factories at home and abroad, the greenhouse gas inventory process for businesses is very challenging. Still, it is necessary to determine the roadmap and ways to reduce emissions.