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Vinamilk

Vinamilk
Company nameVietnam Dairy Products Joint Stock Company (Vinamilk)
Company typepublic/state-owned enterprise
SloganInternational quality, Vinamilk quality
IndustryDairy products
Founded1976
HeadquartersHo Chi Minh City
Area servedVietnam, Middle East, Cambodia, Australia and the Philippines
Key peopleMai Kieu Lien Chairwoman/CEO
ServicesDairy products, general clinic, juice, investing, real estate
Revenue(+) 16.173 bil VND (2010)
Net income(+) 3.602 bil VND (2010)

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Vinamilk is the biggest dairy company in Vietnam. Based on the report, it is also the 15th largest company in Vietnam. In 2010, it is the first company in Vietnam to be included in the Forbes Asia's 200 Best Under A Billion list that highlights 200 top-performing small- and mid-sized companies with annual revenue under US$1 billion.

Established in 1976 as the Southern Coffee-Dairy Company, then renamed to United Enterprises of Milk Coffee Cookies and Candies I in 1978 and finally Vietnam Dairy Company was formally established in 1993. In 2003, follows its IPO to the Ho Chi Minh Stock Exchange, the company legally change its name to Vietnam Dairy Products Joint Stock Company (VINAMILK). The principal activities of the Vinamilk are produce and distribute condensed milk, powdered milk, fresh milk, soya milk, yogurts, ice-cream, cheese, fruit juice, coffee and other products derived from milk.

Vinamilk products such as powdered milk and condensed milk are also exported to the Middle East, Cambodia, the Philippines and Australia. VINAMILK is a state owned enterprise in which the government owns about 47.6% of the shares and the rest of the shares are currently active trading at the Ho Chi Minh Stock Exchange. Vinamilk's main competitors are Dutch Lady Vietnam, a division of Friesland Foods, Nestlé Vietnam, Abbott, Mead Johnson, Friso and Nutifood.


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