Vietnam’s property developer Vingroup and Vietnam Dairy Products Joint Stock Company (Vinamilk) have been listed as two of ASEAN’s top 100 enterprises in 2014 by Standard and Poor (S&P).

Both companies were evaluated under strict criteria, such as credit rating, market capitalisation and transparency.

In terms of market capitalisation, Vingroup was amongst the top 5 companies with the largest listed capital on the stock market, valued at 3.4 billion USD as of August 22. Vingroup is also one of the highest ranking private corporations in Vietnam.

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 was ranked highly for its capabilities and readiness to respond to financial conditions.

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

S&P regarded Vinamilk as the dominating brand in the Vietnamese dairy market, with high levels of brand awareness and stable profits over the last 5 years.

Vinamilk registered a revenue of 30 trillion VND (1.4 billion USD) in 2013, and expects an export turnover of 4 trillion VND (1.88 million USD) for 2014 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 as 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.-VNA