Business

Vinamilk strives for world status

The Vietnam Dairy Products Joint Stock Company (Vinamilk) is striving to enter the world’s top 50 dairy producer list with annual revenues of 3 billion USD by 2017.
The Vietnam Dairy Products Joint Stock Company (Vinamilk) is striving toenter the world’s top 50 largest dairy producer list with annualrevenues of 3 billion USD by 2017.

The target has been set at the company’s annual shareholders’ meeting recently held in Ho Chi Minh City .

The company also works towards an average revenue increase of 20percent annually and a pre-tax profit growth of 13 percent in 2012-2016.

To fulfill the targets, the company will continuefocusing on its strength in producing dairy products, while expandingits business scope to soft drinks using the latest technologies toensure international standard quality for their products.

Vinamilk now possesses a total asset worth nearly 16 trillion VND.

The firm’s CEO and chairwoman, Mai Kieu Lien, is the only Vietnamesewoman to be named among Asia 's 50 Most Powerful Businesswomen byForbes magazine.-VNA
Follow VietnamPlus

See more

VinFast showcases its complete range of electric vehicles at the BIMS 2024 exhibition. (Photo: VNA)

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

At the forum (Photo: baoquocte.vn)

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Apartments building in HCM City. 2025 is predicted to be a crucial foundation year for the real estate sector in HCM City. (Photo baoxaydung.com.vn)

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The Commission for Management of State Capital at Enterprises transfers the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance. (Photo: VNA)

State capital ownership rights transferred to Ministry of Finance

After merging with the Ministry of Planning and Investment and receiving 18 state-owned groups and corporations from the Commission for Management of State Capital at Enterprises (CMSC), the Ministry of Finance acts as the 'backbone' of the economy, managing all financial resources from public investment and resources from these groups and corporations, to foreign loans.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.