Forbes Magazine has named 2 Vietnamese female business leaders among the 50 most powerful businesswomen in Asia.

Mai Kieu Lien, Chairperson and CEO of Vietnam Dairy Products Joint Stock Company (Vinamilk), and Thai Huong, chairperson of TH Group with the TH True Milk brand, were included in the Asia's Power Businesswomen 2015 list, published by Forbes on Wednesday.

Vinamilk is one of the most famous brands in Viet Nam and the company now has 51% of the local liquid milk market share, Forbes said, citing research firm Nielsen.

Mai Kieu Lien, Chairperson and CEO of Vietnam Dairy Products Joint Stock Company

Vinamilk exports to 30 countries and is trying to sell more to the Middle East, Africa, and Cuba but the Vietnamese businesswoman currently faces challenges: profit last year was flat as the price of raw materials – largely imported milk powder – shot up, according to Forbes.

Lien has been included in the Asia's Power Businesswomen list for four consecutive years, Forbes said.

Meanwhile, Thai Huong is the newest representative of Viet Nam in this list after entering the milk business in 2009 with a commitment to change the nature of the industry in the country, according to Forbes.

Thai Huong, Chairperson of TH Group.

TH estimated that its 2014 revenue exceeded 200 million USD with a market share of one-third of the domestic fresh milk business.

This is a challenge for Viet Nam's largest dairy company, Vinamilk, Forbes said.

Huong, 57, began her business in 1994 and is the founder of Bac A Commercial Joint Stock Bank. Today, she is still the Chairperson of the bank.

In the Asia's Power Businesswomen 2015 list that covers the top 50 representatives involved in many business areas from 16 regional countries, China occupies a dominant position with 14 businesswomen, followed by India, Thailand, and Singapore.

To prepare this year's list, Forbes applied the following criteria: company sales, the positions of the candidates in their companies, and the level of their participation at work.