The Vinabeef Tam Dao livestock and beef processing complex project, requiring some 3 trillion VND (130.4 million USD) in total investment is in its first stage, launched at a ceremony in the northern province of Vinh Phuc on March 8.
A closed-loop dairy complex will be built in the northern mountainous province of Son La as a ground-breaking ceremony for the project was held in Moc Chau district on May 28.
US Ambassador to Vietnam Marc Evans Knapper visited a factory of Vietnam’s largest dairy producer Vinamilk in Can Tho on April 8 during his trip to the Mekong Delta city.
Vinamilk, Vietnam’s largest dairy manufacturer, has set a target of the revenue growth of at least 5-percent to over 64 trillion VND (2.8 billion USD) in 2022, a rise from the 2.2 percent of last year.
Vinamilk, Vilico, Vinh Phuc authorities, and Japan’s Sojitz group have struck a 500-million-USD deal on developing beef cattle serving the domestic market and export.
Vietnam’s largest dairy producer Vinamilk promoted its “double standard” organic milk among other fresh milk products at the FHC Shanghai Global Food Trade Show 2021, which took place in China’s Shanghai from November 9 – 11.
Vinamilk, Vietnam’s largest dairy maker, posted a quarterly record-high revenue of over 16.2 trillion VND (706.57 million USD) in the third quarter of 2021, up 4.1 percent year-on-year.
COVID-19 is a harsh test for businesses and the whole economy which compels companies to adapt and change to not only survive but also recover and grow stronger as soon as the pandemic is under control.
With a brand value of 2.4 billion USD, Vinamilk is the only representative of Southeast Asia to be listed in four global rankings on the world’s most valuable and strongest brands in 2021.
The Vietnam Dairy Products Joint Stock Company (Vinamilk) has flexibly adapted to difficulties caused by the COVID-19 pandemic by applying advanced technology into production, negotiating raw material purchase contracts with suppliers, and boosting export of the products. Particularly, forming a joint venture to gain a bigger share in the Philippine markets is expected to bring about the high expectation for the company.
Vietnam Dairy Products (Vinamilk) said on August 17 that it has forged an alliance with Del Monte Philippines Inc (DMPI), a subsidiary of Del Monte Pacific Limited.
The Vietnam Dairy Products JSC – Vinamilk, the largest dairy company in Vietnam, posted a record high in net revenue of 15.71 trillion VND (682.57 million USD) in the second quarter of 2021, a year-on-year rise of 1.4 percent, according to its financial report.
The Vietnam Dairy Products Joint Stock Company (Vinamilk) has moved up six places from 42nd to 36th in the Top 50 by Total Sales in Dairy Product Processors (Global), according to the rankings announced by UK-based Plimsoll Publishing Ltd.
Despite the COVID-19 pandemic wreaking havoc on all sectors, Vietnam’s dairy industry has made efforts to win over customers and solidified its foothold in the domestic market while reaching out to global markets.
Food producer KIDO Group (KDC) has set a goal of reeling in revenue of 11.5 trillion VND (501.1 million USD) this year, of which pre-tax profit stands at 800 billion VND.
The Vietnam Dairy Products JSC – Vinamilk (VNM), the largest dairy company in Vietnam, posted a gain in revenue and profit in the fourth quarter of last year and the whole of 2020 despite disruptions due to COVID-19.
Vinamilk said it exported ten containers of plant-based milk to China in the early days of 2021 and five more containers of condensed milk will soon depart for the world’s largest market.
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