Vietnam’s largest dairy producer, Vinamilk, is in the wailing list to become one of the 50 best publicly trading companies in the Asia – Pacific region or the 2012 Asia’s Fab 50, according to Forbes.

Forbes said Vinamilk, is the only Vietnamese representative out of the 12 companies which has “the tools to appear in the Fab 50 in the near future.”

Asia’s Fab 50 includes companies chosen from a pool of 1,295 that had at least $3 billion in annual revenue or market cap, the biweekly finance magazine said on its website.

As of September 9, Vinamilk’s market cap fetched around $2.8 billion, and its revenues stood at VND15.65 trillion in July, or $750 million, a 28 percent year-on-year increase.

In 2010, Vinamilk also received the Forbes Asia’s 2010 Best Enterprise award among the Top 200 best enterprises in Asia, while its CEO and chairwoman, Mai Kieu Lien, was included among the 50 noteworthy path-breakers in the list of Asia’s 50 Power Businesswomen, released by Forbes last March.