Business

Dairy maker tops Vietnam’s most valuable brands

Giant dairy milk producer Vinamilk (VNM) leads the list of the 40 most valuable local brands, selected by Forbes Vietnam for the first time.
Dairy maker tops Vietnam’s most valuable brands ảnh 1Giant dairy milk producer Vinamilk (VNM) leads the list of the 40 most valuable local brands (Photo: dantri.com.vn)

Hanoi (VNA) - Giant dairy milk producer Vinamilk (VNM) leads the list of the 40 most valuable local brands, selected by Forbes Vietnam for the first time.

The magazine announced the list of brands with a total value of about 5 billion USD on June 27, adding that they were selected from more than 300 local brands.

Consumer brands accounted for an overwhelming proportion of the list at 70 percent, then banking and financial brands ranked with 20 and 10 percent respectively.

After VNM, with a value of 1.52 billion USD, the military telecom group Viettel, which dominates 52 percent of the local telecommunications market, ranked second with a value of 752 million USD.

The next positions belong to private realty group Vingroup with a value of 279 million USD and State-owned brewer Sabeco with a value of 247 million USD, then technology FPT group with a value of 171 million USD, and Vietinbank with a value of 147 million USD, Vietcombank with a value of 135 million USD, and Masan Group with a value of 126 million USD, BIDV with a value of 125 million USD and Vietnam Airlines with a value of 78 million USD.

Besides the top ten brands mentioned above, Military Commercial Joint Stock Bank (MBB) worth 61.7 million USD, Phu Nhuan Jewelry (PNJ) worth 53 million USD, Vietnam Technological and Commercial Joint Stock Bank worth 39.7 million USD, Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) worth 47.6 million USD, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) worth 37.7 million USD and a Commercial Bank (ACB) worth 25.3 million USD were also in the financial and banking list.

In the list, Bao Viet Holdings (BVH) worth 72.8 million USD and PVI Holdings (PVI) worth 66.4 million USD represented the insurance group while Sai Gon Securities Inc (SSI) worth 17.3 million USD and HCM City Securities Corporation (HSC) worth 15.7 million USD represented the securities group.

Other firms with strong growth that appeared in the list included Mobile World Group (MWG) worth 77 million USD, Truong Hai Auto (THA) worth 65.4 million USD, Vietjet Air worth 63.4 million USD and Thanh Cong Tourist Joint Stock Company (VNG) worth 35.5 million USD.

Together with the brands familiar on the stock exchange, Minh Long Ceramics worth 39.5 million USD, footwear producer Biti’s worth 17.4 million USD and stationery Thien Long worth 13.5 million USD were also selected.

According to Forbes Vietnam most of the valuable brands were formed after 1986 under the doi moi (reform) era when VietNam turned to the open economy under the market mechanisms.

The method of evaluation was to rate how brands contributed to the financial results of the firms. The calculation of the contribution must be based on transparent financial statements.

Therefore, according to local media, famous local brands such as KYMDAN, Eurowindow, Novaland and Tan Hiep Phat did not have sufficient basis to calculate the value.

Similarly, many state-owned enterprises in the process of equitisation with unpublished financial figures were not taken into consideration either.

Also, firms with brands of over 20 years with good value such as Kinh Do (KDC), Vinacafe Bien Hoa, Vinh Hao Mineral Water JSC were not included because they sold more than 50 percent of stakes to foreign partners.-VNA

VNA
#Vinamilk #valuable local brands #Forbes Vietnam
Follow VietnamPlus

Related News

Vinamilk opens dairy plant in Cambodia

Vinamilk opens dairy plant in Cambodia

The Angkor Dairy Products Co Ltd, a joint venture between Vietnam’s Vinamilk and its partner in Cambodia, the BPC Company, opened the Angkor Dairy Plant, the first of the venture in Cambodia.
Vinamilk helps shares rise again

Vinamilk helps shares rise again

Vietnamese shares rose on June 28, covering losses made during the session as dairy firm Vinamilk boosted investor confidence on its latest announcement on foreign ownership.

See more

The Vietnam–Cambodia business connectivity conference held in Ho Chi Minh City on July 15 aims at boosting trade and investment between the two economies. (Photo: VNA)

Conference seeks ways to promote Vietnam – Cambodia trade

The value of trade between Vietnam and Cambodia reached 6.2 billion USD in the first six months of 2025, a year-on-year increase of 16.8%. Vietnam's exports to Cambodia totaled 2.7 billion USD, up 4.6% from the same period last year.

A Korea-invested company in Hue city, Vietnam (Photo: VNA)

Foreign investors show strong confidence in Vietnam’s long-term investment potential

While concerns over tariffs are real and may lead some foreign investors to take a more cautious approach in disbursing capital, especially for large-scale and long-term projects, Vietnam still holds significant advantages in attracting FDI thanks to a favourable business environment and, most importantly, the Government’s strong commitment to supporting investors.

Deputy Minister Nguyen Hoang Long, Minister of State Douglas Alexander, and representatives from ministries and the embassies of both countries pose for a group photo at the 14th JETCO meeting. (Photo: VNA)

Vietnam, UK boost economic, trade ties

Over the past decade, trade and investment relations between Vietnam and the UK have made remarkable strides. On trade, the two countries have implemented the UKVFTA for more than four years, and most recently, the UK’s accession as the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has further strengthened bilateral cooperation.

Workers assemble parts on an automotive production line in HCM City. The city’s industrial sector is showing strong signs of recovery. (Photo: moit.gov.vn)

HCM City sees strong recovery in industrial production

HCM City's 23 industries – including printing and media reproduction, furniture manufacturing, non-metallic mineral products, motor vehicles, electrical equipment, clothing and electronic and optical products – reported higher output in the first half of 2025.

Workers pack cashew nuts at Duc Thinh production and trading co., ltd., former Binh Phuoc province (Photo: VNA)

Vietnam targets 4.5 billion USD in cashew exports for 2025

Figures from the first six months show cashew exports reached 346,800 tonnes, earning 2.36 billion USD, a drop of 2.7% in volume but a surge of 20.4% in value annually. The rise was largely attributed to a significant increase in export prices, which helped offset lower shipment volumes.

The Hai Phong City Convention and Performance Centre is one of the venues for ABAC III. (Photo: VNA)

Hai Phong expects strong wave of investment from APEC member economies

Hai Phong will present investment registration certificates for 32 projects and sign seven Memoranda of Understanding, with total committed capital exceeding 15.6 billion USD. These projects include investments from Europe and the US, reflecting the growing interest of global investors in the city's business environment and development potential.