For its third annual edition, the Fortune Southeast Asia 500 elevated the minimum revenue threshold for inclusion. This year's requirement rose by 26% from the previous period, highlighting increased competition among the region's top businesses.

Amidst this competitive environment, Vinamilk maintained its presence on the list, standing as the sole Vietnamese dairy industry representative recognized across all three years since Fortune introduced its dedicated Southeast Asia ranking. The company also remains one of the few food and nutrition enterprises featured, alongside major corporations from the finance, energy, and industrial sectors.

The Fortune Southeast Asia 500 is an annual ranking, first published in 2024 by Fortune Magazine (US). It evaluates the 500 largest enterprises in Southeast Asia based on their revenue in the latest fiscal year, using audited financial reports from companies in seven countries: Vietnam, Indonesia, Thailand, Malaysia, Singapore, Philippines, and Cambodia. Fortune reported that the total revenue of 72 Vietnamese enterprises on this year's list rose by 10.5%, reaching USD 177.9 billion. This contributed approximately one-fourth of the overall revenue growth for the entire 2026 ranking.

Vinamilk's production plant. Photo: Vi Nam

Beyond its regional standing, Vinamilk ranks 36th globally in dairy industry revenue. In 2025, Brand Finance awarded the company an AAA+ rating, the highest on its brand strength index. The organization's assessment places Vinamilk among the top 5% strongest brands globally.

These achievements stem from positive business results in recent years. At the 2026 annual general meeting of shareholders, the company reported consolidated net revenue of VND 63.724 billion in 2025, with pre-tax profit reaching VND 11.650 billion. This performance occurred despite a 2.4% decline in overall market purchasing power, rising input costs, and intensified competitive pressure.

Vinamilk's 2026 annual general meeting of shareholders. Photo: Vi Nam

This growth momentum continued into Q1/2026. Net revenue reached VND 16.149 billion, a 24.6% increase year-on-year, while after-tax profit rose by 54.9% to VND 2.458 billion. Notably, international market revenue grew by 39.1% to VND 4.069 billion, showcasing the effectiveness of distribution system restructuring and brand repositioning strategies in export markets.

Building on its 2025 revenue performance, Vinamilk is approaching its 50-year milestone with significant investment and expansion plans, signaling a new phase of brand development. Key projects include the Tay Ninh Dairy Plant, with an estimated capital of VND 388 billion, which has secured investment approval. The Tay Ninh 2 and 3 farm complex, totaling VND 4.130 billion, is also progressing following investment approval for farm two. Furthermore, local authorities have approved the Hung Yen Dairy Plant project, part of Vilico, with a total capital of VND 2.083 billion.

Vinamilk is undertaking a series of large-scale investment and expansion projects, covering farms, factories, and distribution systems. Photo: Vi Nam

The company currently operates a system of 15 internationally certified farms and 16 factories, providing a foundation for substantial production capacity. Its distribution network continues to expand with over 800 stores nationwide, projected to reach 1,000 sales points by the end of this year. Leveraging this comprehensive and integrated production-to-distribution scale, Vinamilk offers over 300 diverse nutritional products to the market, expanding its reach and improving consumer accessibility.

Customers shopping at a Vinamilk store. Photo: Vi Nam

These factors serve as a springboard for the company to set higher growth targets. For this year, Vinamilk aims for consolidated revenue of VND 66.477 billion and after-tax profit of VND 9.828 billion, representing an increase of over 4% compared to 2025 for both metrics. Achieving this plan would mark the highest revenue and profit in Vinamilk's history, further solidifying its presence in the Fortune Southeast Asia 500 ranking for the fourth consecutive year.

Hoang Dan