HANOI (Bernama) – Vietnam’s property developer Vingroup and Vietnam Dairy Products Joint Stock Co (Vinamilk) have been listed among Asean’s top 100 enterprises in 2014 by Standard and Poor (S&P), Vietnam News Agency (VNA) reported.
Both companies were evaluated based on criteria such as credit rating, market capitalisation and transparency.
In terms of market capitalisation, Vingroup was among the top five companies with the largest listed capital on the stock market valued at US$3.4 billion as of Aug 22. It is also one of the highest ranking private corporations in Vietnam.
S&P said Vingroup was ranked highly for its capabilities and readiness to respond to financial conditions.
This is the first time a Vietnamese real estate firm was chosen by S&P.
Vinamilk is regarded the dominating brand in the Vietnamese dairy market, with high level of brand awareness and stable profits in the last five years.
Vinamilk registered 30 trillion VND (US$1.4 billion) revenue last year, and expects an export turnover of four trillion VND (US$1.88 million) for 2014 with medium enterprise risk and low financial risks.
Finance Asia magazine has named Vingroup as the region’s best borrower in Vietnam along with DBS Singapore, Malaysia’s Maybank, Thailand’s PTT, India’s ICICI and Korean Import-Export Bank of South Korea.