Forbes Vietnam has released its third annual list of the 40 most valuable brands in Vietnam, putting their total value at $8.1 billion.
The value is 50 percent up from last year. Dairy giant Vinamilk and military-run telecom firm Viettel remain the top two as they were in the two previous years.
Forbes estimates Vinamilk’s brand value at $2.28 billion, much higher than the $1.7 billion last year, and Viettel’s at $1.39 billion – Vnexpress reported.
According to Vnexpress, commodity brands accounted for the majority of this year’s list, followed by finance and banking and technology.
The four new faces on this year’s list, which was selected from 80 brands, were Quang Ngai Sugar Joint Stock Company, Petrolimex, Saigon Tourist and agricultural group Loc Troi.
Forbes compiled the list by looking at brands’ incomes before and after tax and loans based on their financial reports and data on the stock market