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Tag: vinamilk

Retail Asia02/12/2022
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Food

Vinamilk, Kido pull plug on bottled water joint venture

2min0
The Vinamilk – Kido Beverage Joint Venture Company has announced its dissolution after just a year of doing business. Vinamilk, the country’s largest dairy company, decided to end its joint venture with ice-cream producer Kido with effect from December 1 due to “certain changes in the development perspective of both parties.” Kido gave a similar […]
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Retail Asia07/11/2022
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Food

Vinamilk shares experience in exploring powdered milk market

10min0
Dielac powdered milk has changed the habit of Vietnamese consumers who used to prefer foreign goods by well addressing the nutritional needs of children. Nguyen Quang Tri, Vinamilk’s executive director of marketing, brought the success story of Dielac powdered milk to the 6th Global Dairy Congress Asia 2022, taking place on October 27-28 in Singapore. […]
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Retail Asia02/08/2022
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Food

Vinamilk profits continue to fall

2min0
Vinamilk reported a 26-percent year-on-year fall in second-quarter profits to VND2.1 trillion (US$89.97 million), and blamed it on inflation driving demand down and costs up. The dairy giant’s revenues fell by 5 percent to VND14.93 trillion. In the first five months sales of fast moving consumer goods fell by 2 percent, according to data from market […]
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Retail Asia22/03/2022
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Food

Vinamilk profits to decline for 2nd year in a row

2min0
Vinamilk is set to see profits decline for a second straight year in 2022 due to rising costs of raw materials and transportation. Vietnam’s leading dairy company targets pre-tax profits of VND12 trillion ($524.70 million), down 7 percent from last year, though revenue is likely to grow by 5 percent to VND64 trillion. Last year, […]
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Retail Asia14/09/2021
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Food

Vinamilk ramps up R&D to win big globally

3min0
The Vietnam Dairy Products JSC is stepping up R&D to create innovative products enriched with local flavors to satisfy the diverse range of global tastes. With its strategic investment in product development, international expansion, and commitment to sustainability, Vinamilk has become the only Vietnamese dairy company in the top 50 global dairy producers. This year […]
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Retail Asia01/09/2020
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Food

Investors fail in plans to increase Vinamilk stake

2min0
Vietnam’s sovereign fund and two Singaporean investors failed to acquire stakes in dairy giant Vinamilk this month as they had planned. A subsidiary of the State Capital Investment Corporation (SCIC) was unable to buy 225,000 VNM shares, or a 0.01 percent stake, due to “market volatility”, according to a Vinamilk statement on Friday. SCIC is […]
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Retail Asia27/02/2020
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Food

Vinamilk signs $20 mln Dubai export contract

1min0
Vinamilk has signed a $20 million deal with a distributor in Dubai to supply dairy products from the second quarter of 2020. Vietnam’s biggest dairy company said in a statement that the deal with the distributor, whom it did not identify, was signed at the Gulfood Dubai 2020 trade exhibition this week. The Middle East […]
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Retail Asia31/12/2019
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Food

Vinamilk acquires majority stake in competitor

3min0
Vietnam’s biggest dairy company Vinamilk has acquired a majority stake in Moc Chau Milk, entrenching its market dominance. Vinamilk, formally Vietnam Dairy Products Jsc, has increased its ownership in GTNfoods from 43.17 percent to 75 percent, the dairy giant said in a recent statement. GTNfoods own a 51 percent stake in Moc Chau Milk, the biggest […]
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Retail Asia09/04/2019
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Food

GTN Foods rejects Vinamilk acquisition bid

3min0
Vinamilk’s bid to acquire a 49 percent stake in GTN Foods, which owns 51 percent of Moc Chau Milk, has been rejected. The board of GTN Foods passed a resolution turning down the public offer made by Vinamilk, Vietnam’s largest dairy company. It would have increased Vinamilk’s stake in GTNFoods from 2.32 percent to 49 […]
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Retail Asia30/01/2018
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Food

Vinamilk set to expand abroad

4min0
Dairy giant Vinamilk will continue to expand abroad, especially in emerging market like Laos and Myanmar, this year. “Vinamilk will build a plant in Myanmar and an organic cow farm of several thousand hectares in Laos this year,” Đỗ Thanh Tuấn, the company’s PR director, told a press conference in HCM City on Thursday. All […]
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Retail Asia21/11/2017
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Food

Singaporean auto firm ups stake in Vinamilk

2min0
Singapore’s biggest auto group Jardine Cycle & Carriage has bought an additional 1.1 percent stake in Vietnamese dairy firm Vinamilk, raising its current share in Vietnam’s biggest listed company to 10 percent. The investor bought 16.4 million more shares for VND3.1 trillion ($136.5 million) over the weekend. Last Monday, Jardine Cycle & Carriage spent $400 […]
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Retail Asia05/07/2017
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Food

Vinamilk tops most valuable firms list

4min0
Forbes Vietnam on Monday announced the Vietnam Dairy Products Joint Stock Company (Vinamilk) topped the 40 most valuable companies in the country with a value of more than US$1.7 billion. This is the second time Vinamilk has reached the top in the Forbes ranking. Forbes Vietnam said in its statement that total value of the 40 […]
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Retail Asia17/03/2017
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Food

HSC estimates Vinamilk shares worth $6.70

3min0
According to HSC, Vinamilk’s shares are valued at VND152,000 ($6.7), higher than the current price of VND130,000 ($5.7). A representative from HSC, however, told that its price is only a forecast based on the price of raw milk and may change. Vinamilk owns ten farms around the country with over 17,000 heads of cattle. HSC […]
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