Vietnam’s largest dairy producer Vinamilk on September 6 announced that it was the first and sole Vietnamese firm to be on the list of 200 best companies in Asia-Pacific this year by Forbes Asia Magazine.
The ‘Best under a billion’ list highlighted the 200 top performing companies selected from more than 12,000 listed firms whose revenues were under US$1 billion. The selection was based on earnings growth, sales growth, and shareholders' return on equity in the past 12 months and over three years.
China made the biggest contribution to the list with 71 companies named, down from 78 the year before. India followed with 39 companies, an increase of 19 companies over the previous year. Republic of Korea came in third with 20 firms.
These 200 companies will be honored in Hong Kong this November.