The magazine chosen firms based on market capitalization after which adjusted for growth potential and geographic balance to offer readers with a broader picture, particularly of ASEAN economies.
Viet Nam Dairy Products (Vinamilk), Vietnam’s largest food processor, ranked eighth, entering the highest ten for the primary time ever.
From twentieth place last 12 months, Vinamilk rose to eighth, becoming the one Vietnamese company in the highest 10.
According to Nikkei ThingVinamilk is expanding rapidly overseas to spice up its annual revenue to $3 billion this 12 months. It posted a net profit of $412 million last 12 months, up 20 percent. It also accounts for about half of Vietnam’s dairy market.
The other 4 Vietnamese firms within the second edition of the annual Asia 300 Power Performers rating are Vietcombank, technology company FPT, PetroVietnam Gas and real estate conglomerate Vingroup.
Vietnamese bank is one among the 4 largest state-owned business banks in Vietnam. It is a serious player in international trade payment settlement and can also be increasing its retail lending.
This 12 months, a complete of 331 firms from across Asia made the list. Among them were 83 Chinese firms, 44 Indian, 42 Korean and 40 Taiwanese.
Southeast Asian countries equivalent to Singapore, Malaysia, Indonesia, the Philippines and Thailand have not less than 20 firms. Vietnam has only five qualified firms on the list.
