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Vingroup, Vinamilk rank in top ASEAN firms

Update: September, 24/2014 - 07:57

Royal City Complex, a high-standard living area in Ha Noi, is one of many real estate projects of Vingroup.— VNS Photo

HA NOI (VNS) — Property developer Vingroup and Viet Nam Dairy Products Joint Stock Company (Vinamilk) were listed as two of ASEAN's top 100 enterprises in 2014 by Standard and Poor (S&P).

Both companies were evaluated according to strict criteria related to credit rating, market capitalisation and transparency.

Vingroup was one of the top five companies in terms of market capitalisation, with the largest listed capital on the stock market. Valued at US$3.4 billion as of August 22, Vingroup is one of the highest-ranking private corporations in Viet Nam.

S&P concluded that Vingroup had a stable general outlook based on expert analysis and information collected from a wide range of sources. The company earned its high ranking due to its readiness to respond to financial conditions.

This was the first time a Vietnamese real estate firm was picked for S&P's list.

Meanwhile, S&P regarded Vinamilk as the dominant brand in the Vietnamese dairy market due to high levels of brand awareness and stable profits over the last five years.

Vinamilk registered revenue of VND30 trillion (US$1.4 billion) in 2013 and expects export turnover of VND4 trillion ($1.88 million) for 2014 along with medium enterprise risk and low financial risks.

Following the release of S&P's list of Top 100 ASEAN enterprises , Finance Asia magazine also named Vingroup the "Region's Best Borrower in Vietnam", along with prestigious organisations such as DBS Singapore, Malaysia's Maybank, Thailand's PTT, ICICI of India and Korean Import-Export Bank of the Republic of Korea. — VNS

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