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5 Vietnamese Firms Listed in Nikkei Asia300, the Biggest and Fastest-Growing Companies in Asia

5 Vietnamese Firms Listed in Nikkei Asia300, the Biggest and Fastest-Growing Companies in Asia
Vinamilk

The Nikkei Asian300 Review on Thursday released its second annual Asia300 Power Performers Ranking, a compilation of the biggest and fastest-growing companies from 11 economies in Asia.

The magazine has picked the companies based on market capitalisation and then adjusted for growth potential and geographic balance, to give readers a broader view across ASEAN economies in particular.

Viet Nam Dairy Products (Vinamilk), Vietnam’s largest food processor, took the eighth spot, cracking the top 10 for the first time.

Viet Nam Dairy Products (Vinamilk) at THAIFEX-World of Food Asia 2017 in Bangkok. Vinamilk was ranked 8th in this year’s list of the 300 most powerful companies in Asia according to Nikkei Asian Review. Image: Vietnam Bridge
Viet Nam Dairy Products (Vinamilk) at THAIFEX-World of Food Asia 2017 in Bangkok. Vinamilk was ranked 8th in this year’s list of the 300 most powerful companies in Asia according to Nikkei Asian Review. Image: Vietnam Net Bridge

 

From the 20th place last year, Vinamilk has climbed to number eight, making it the only Vietnamese business in the top 10.

According to Asia Nikkei, Vinamilk is expanding rapidly overseas in a bid to boost its annual revenue to $3 billion this year. Last year, it posted a net profit of $412 million, up from 20 percent. It also account for about half of Vietnam's dairy market.

The other four Vietnamese companies in the second edition of the annual Asia 300 Power Performers Ranking are Vietcombank, tech company FPT, PetroVietnam Gas and real estate conglomerate Vingroup.

Vietcombank is one of Vietnam’s four largest State-run commercial banks. It has been a major player in international trade payment settlement and is also boosting its retail lending.

Vietcombank. Image: Vneconomictimes.com
Vietcombank. Image: Vneconomictimes.com

 

Nikkei Asian Review mentioned these firms are "the dominant forces in the 21st century - the emerging multinationals poised to challenge the established Western brands."

This year, a total of 331 companies across Asia made the list. This included 83 Chinese enterprises, 44 enterprises of India, 42 Korean companies and 40 Taiwanese companies.

Southeast Asian countries such as Singapore, Malayssia, Indonesia, the Philippines, and Thailand have at least 20 firms. Vietnam has only five qualified firms in the list.

Tags: Nikkei Asia300
Indah Gilang Pusparani

Indah is a researcher at Badan Perencanaan Pembangunan Penelitian dan Pengembangan Daerah Kota Cirebon (Regional Development Planning and Research Agency of Cirebon Municipality). She covers More international relations, tourism, and startups in Southeast Asia region and beyond. Indah graduated from MSc Development Administration and Planning from University College London, United Kingdom in 2015. She finished bachelor degree from International Relations from University of Indonesia in 2014, with two exchange programs in Political Science at National University of Singapore and New Media in Journalism at Ball State University, USA. She was awarded Diplomacy Award at Harvard World Model United Nations and named as Indonesian Gifted Researcher by Australian National University. She is Researcher at Regional Planning Board in Cirebon, West Java. She previously worked as Editor in Bening Communication, the Commonwealth Parliament Association UK, and diplomacy consulting firm Best Delegate LLC in USA. Less
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