Saturday, October 16, 2010

Vinamilk joins Forbes list of best firms

Forbes magazine has added Vinamilk to its list of Asia's 200 Best Under A
Billion, making it the first Vietnamese company to join the US
publication's prestigious list.


Asia 's 200 Best
Under A Billion highlights the 200 top-performing small- and mid-sized
companies with annual revenue under 1 billion USD, with the list
focusing on profitability, growth, modest indebtedness and future
prospects.


Vinamilk ranked 31st in market value on
the list, with equity of 1.56 billion USD. The company's sales reached
575 million USD in the most recent 12-month period, putting it in 16th
place.


"The magazine's recoginisation will help
market our trademark worldwide, as well as peg our performance to
international levels," said Vinamilk chairwoman Mai Kieu Lien.


Vinamilk (VNM) closed unchanged on Sept. 6 at 88,500 VND per share.


The Forbes list showed Hong Kong companies predominating, with 71
listed. India grabbed 39 spots, up from only 20 last year, while
only two Japanese companies made the list, down from 24 in 2009./.

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