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Vinamilk

Dairy company of Vietnam

Field	Value
name	Vinamilk
Vietnam Dairy Products JSC
image_caption	Vinamilk Tower
native_name	Công ty Cổ phần Sữa Việt Nam
()
native_name_lang	vi
logo	Vinamilk new logo.svg
logo_caption	Logo since July 2023
image	HCMC Q7 Midtown 33 (cropped).jpg
type	Government-owned
foundation	1976
key_people	Mai Kieu Lien - CEO
products	liquid milk, condensed milk, powdered milk, probiotic, yogurt, ice cream, soft drinks
brands	Vinamilk, Dielac, Susu, Vfresh, Ong Tho, Probi
location	Vinamilk Tower, 10 Tân Trào, Tân Phú Ward
location_city	District 7, Ho Chi Minh City
location_country	Vietnam
area_served	Worldwide
industry	Dairy products, juice
owner	Ministry of Transport (100%)
num_employees	6000
num_employees_year	2017
homepage
services	General clinic, investing, real estate
revenue	52.63 trillion VND (2018) ($2.2 billion)
51.135 trillion VND (2017) ($2.2 billion)
net_income	10.278 trillion VND (2017)
traded_as
ISIN

Vietnam Dairy Products JSC () 51.135 trillion VND (2017) ($2.2 billion) Vinamilk, formally the Vietnam Dairy Products Joint Stock Company () is the largest dairy company in Vietnam. It was also the 15th largest company in Vietnam and formerly the most valuable public company listed 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.

The company was established in 1976 as the state-owned Southern Coffee-Dairy Company, to nationalize and take over the operations of three previously private dairy factories in South Vietnam: Thống Nhất (belonging to a Chinese company), Trường Thọ (formerly owned by Friesland Foods, best known for its production of condensed milk that was widely distributed across the South) and Dielac (Nestlé). It was renamed United Enterprises of Milk Coffee Cookies and Candies in 1978. It became the Vietnam Dairy Company, formally established in 1993. In 2003, following its IPO to the Ho Chi Minh Stock Exchange, the company legally changed its name to Vietnam Dairy Products Joint Stock Company (trading name "Vinamilk"). The principal activities of the Vinamilk are to produce and distribute condensed milk, powdered milk, fresh milk, soya milk, yogurts, ice-cream, cheese, fruit juice, coffee and other products derived from milk government by the Ministry of Transport (now in Ministry of Construction) (100%) shareholders.

Vinamilk products such as powdered milk and condensed milk are also exported to the Middle East, Cambodia, the Philippines and Australia. Exports accounted for $180m in 2012. Vinamilk's main competitors are Dutch Lady Vietnam (a division of Friesland Foods), Nestlé Vietnam, Abbott, Mead Johnson (a subsidiary of Reckitt), Friso and Nutifood. In September 2016, Vinamilk signed a strategic cooperation agreement with Chr. Hansen to develop probiotics.

Ownership

Vietnam's Ministry of Construction (SCIC) holds 100% of the shares as of late 2017. 7.58% are owned by other Vietnamese investors, of which 0.28% are owned by CEO Mai Kieu Lien. Foreign investors hold over 53% of the shares.

F&N Dairy Investments Pte Ltd: 16.50%
Jardine Cycle & Carriage, via Platinum Victory Pte. Ltd. (PVPL): 10.03%
F&N BEV Manufacturing PTE.Ltd: 2.70%
Matthews Pacific Tiger Fund 2.02%
Arisaig Asia Consumer Fund, Ltd 2.05%
Deutsche Bank AG, London Branch: 1.09%
other foreign investors: 30% F&N have been holding shares of Vinamilk for a long time and have two representatives in the Board of Directors.

Factories and subsidiaries

Vinamilk has factories in the following locations.

Truong Tho Dairy Factory: Trường Thọ, Thủ Đức, Ho Chi Minh City
Dielac Dairy Factory: Bình An, Bien Hoa City, Đồng Nai
Thong Nhat Dairy Factory: Trường Thọ, Thủ Đức, Ho Chi Minh City
Binh Dinh Dairy Factory: Qui Nhơn City, Bình Định Province
Da Nang Dairy Factory: Hòa Khánh, Liên Chiểu district, Danang City
Nghe An Dairy Factory: Nghi Thu, Cửa Lò, Nghệ An
Sai Gon Dairy Factory: Hiệp Thành, District 12, Ho Chi Minh City
Can Tho Dairy Factory: Trà Nóc, Bình Thủy District, Cần Thơ
Tien Son Factory: Tiên Du, Bắc Ninh

Subsidiaries

Vinamilk has subsidiaries in the following locations. ;Domestic

Vietnam Dairy Factory, Binh Duong province
Vietnam Powdered Milk Factory, Binh Duong province
Lam Son Dairy Factory, Thanh Hoa City, Thanh Hoa Province
Thong Nhat Thanh Hoa Dairy Cow Co., Ltd., Yen Dinh District, Thanh Hoa Province
Vietnam Dairy Cow One-Member Co., Ltd., District 7, Ho Chi Minh City ;Foreign
Angkor Dairy Products Co., LTD, Phnom Penh, Cambodia. Producer of major Cambodian dairy brand Angkormilk.
Vinamilk Europe Sp.z O.O in Warsaw Poland. European operations, primarily to secure raw milk ingredients for domestic production.
Driftwood Dairy Holding Corporation, El Monte, California, USA. Major Californian processor of milk and dairy products.
Del Monte Vinamilk Dairy Philippines, Inc. Joint venture with NutriAsia.

Major brands

[[File:Vinamilk old and 2023 branding.jpg|thumb|Vinamilk products with the old logo (left) and the current logo (right)]]Vinamilk
Dielac
Vfresh (juice and soya milk)
Angkormilk
Ong Tho (condensed milk)

Awards and achievements

Forbes Global 2000: #1888 Forbes Asia's Fab 50:

References

"Vinamilk revenue up 14% in 2015 on strong overseas business".
(23 August 2017). "Top 10 Giants in Vietnam Stock Exchange".
(2010-09-01). "Asia's 200 Best Under A Billion". Forbes.
(16 January 2013). "Vinamilk đạt 27.300 tỷ đồng doanh thu 2012". Gafin.vn.
"Denmark's Chr. Hansen to help Vinamilk develop probiotics". vietnamnews.vn.
"VNM - Major Shareholders".
"Vinamilk". Wikibiz.
"Vinamilk Subordinate Unit".
Vichea, Pang. (27 March 2017). "Vinamilk to take full stake of Angkormilk".
VIR, Vietnam Investment Review -. (27 August 2016). "Vinamilk acquires remaining 30% stake of US Driftwood Dairy".
"Vietnam Dairy Products".
Koppisch, John. "Asia's Fab 50 2018: China Squeezes Out Asia".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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