HÀ NỘI — For the third consecutive year, Vinamilk has secured a place in the Fortune Southeast Asia 500 (Fortune SEA 500), reaffirming the strength of Việt Nam's leading dairy brand in a ranking largely dominated by financial and energy giants.

Now in its third edition, Fortune’s ranking of Southeast Asia’s largest companies by revenue raised the bar significantly. The minimum revenue threshold required to enter this year’s list increased by 26 per cent, reflecting intensifying competition among the region’s biggest corporations.

In a ranking traditionally dominated by capital-intensive sectors such as energy and finance, Vinamilk stands out as one of the few companies representing the food industry. It is also the only Vietnamese dairy company to have appeared in the Fortune Southeast Asia 500 every year since the regional ranking was launched.

Beyond its regional achievements, Vinamilk continues to strengthen its position on the global stage. The company currently ranks 36th among the world’s largest dairy businesses by revenue. In 2025, UK-based brand valuation consultancy Brand Finance awarded Vinamilk an AAA+ rating, the highest possible score for brand strength, placing the company among the strongest 5 per cent of brands worldwide.

According to reports presented at the company’s 2026 Annual General Meeting of Shareholders, Vinamilk delivered record-high revenue despite a challenging business environment marked by a 2.4 per cent decline in overall market demand, rising input costs and increasingly fierce competition.

For 2025, the company posted consolidated net revenue of VNĐ63.72 trillion and pre-tax profit of VNĐ11.65 trillion.

The momentum continued into the first quarter of 2026, with consolidated net revenue rising 24.6 per cent year-on-year to VNĐ16.15 trillion, while after-tax profit surged 54.9 per cent to VNĐ2.46 trillion.

Consolidated revenue from overseas markets reached VNĐ4.07 trillion, up 39.1 per cent from the same period last year. The dairy producer attributed its strong performance to the completion of its distribution system restructuring and a comprehensive brand repositioning strategy.

Preparing for 50-year milestone

Building on its strong financial foundation in 2025, Vinamilk is entering its 50th anniversary year with a series of major investment and expansion projects, laying the groundwork for its next phase of growth.

Among the key initiatives is the Tây Ninh Dairy Factory project, with a total investment of approximately VNĐ388 billion, which has received investment approval from provincial authorities. The company is also developing the Tây Ninh 2 and Tây Ninh 3 dairy farm complex, with total planned investment of VNĐ4.13 trillion, of which the Tây Ninh 2 project has already secured investment approval.

In addition, the Hưng Yên Dairy Factory project, developed by Vinamilk subsidiary Vilico with total investment of VNĐ2.08 trillion, has also received official approval from local authorities.

Vinamilk currently operates one of the largest dairy production systems in the region, comprising 15 dairy farms and 16 internationally certified factories. This extensive network provides a solid foundation for large-scale production and supply capabilities.

At the same time, the company continues to expand its direct retail presence, with more than 800 Vinamilk-branded stores nationwide. The network is expected to reach 1,000 outlets by the end of this year.

Supported by an increasingly integrated value chain spanning production, processing and distribution, Vinamilk now offers more than 300 nutrition and dairy products, enhancing market coverage and consumer accessibility across multiple segments.

This growing scale and operational strength provide the foundation for even more ambitious growth targets in the years ahead.

For 2026, Vinamilk has set a consolidated revenue target of nearly VNĐ66.48 trillion and after-tax profit of VNĐ9.83 trillion, representing growth of more than 4 per cent compared to 2025.

If achieved, these figures would mark the highest revenue and profit levels in the company’s history, while supporting its bid to remain in the Fortune Southeast Asia 500 for a fourth consecutive year.

Launched in 2024 by Fortune magazine, the Fortune Southeast Asia 500 is an annual ranking of the region’s 500 largest companies based on revenue from their most recent fiscal year. The ranking is compiled using audited financial statements from companies across seven countries: Việt Nam, Indonesia, Thailand, Malaysia, Singapore, the Philippines and Cambodia.

According to Fortune, the combined revenue of the 72 Vietnamese companies included in this year’s ranking rose 10.5 per cent to US$177.9 billion, accounting for roughly one quarter of the overall revenue growth recorded across the 2026 Fortune Southeast Asia 500 list. — VNS