Vinamilk, formally the Vietnam Dairy Products Joint Stock Company (Vietnamese: Công ty Cổ phần Sữa Việt Nam, lit. 'Vietnam Milk Joint Stock Company') is the largest dairy company in Vietnam. Based on the UNDP 2007 Top 200 largest firms in Vietnam report, it was also the 15th largest company in Vietnam and formerly the most valuable public company listed in Vietnam.[2] 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.[3]
Vinamilk Vietnam Dairy Products JSC
Logo since July 2023
Native name
Công ty Cổ phần Sữa Việt Nam (lit.'Vietnam Milk Joint Stock Company')
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.
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.[4] 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.[5]
Vietnam's State Capital Investment Corporation (SCIC) holds 36% 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.
^"Asia's Fab 50 2018: China Squeezes Out Asia". Forbes.
October 16, 2023
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Vinamilk formally the Vietnam Dairy Products Joint Stock Company Vietnamese Cong ty Cổ phần Sữa Việt Nam lit Vietnam Milk Joint Stock Company is the largest dairy company in Vietnam Based on the UNDP 2007 Top 200 largest firms in Vietnam report it was also the 15th largest company in Vietnam and formerly the most valuable public company listed in Vietnam 2 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 3 VinamilkVietnam Dairy Products JSCLogo since July 2023Native nameCong ty Cổ phần Sữa Việt Nam lit Vietnam Milk Joint Stock Company TypePublic joint stock companyTraded asHOSE VNMISINVN000000VNM8IndustryDairy products juiceFounded1976Headquarters10 Tan Trao District 7 Ho Chi Minh City VietnamArea servedWorldwideKey peopleMai Kieu Lien CEOProductsliquid milk condensed milk powdered milk probiotic yogurt ice cream soft drinksBrandsVinamilk Dielac Susu Vfresh Ong Tho ProbiServicesGeneral clinic investing real estateRevenue52 63 trillion VND 2018 2 2 billion 51 135 trillion VND 2017 2 2 billion 1 Net income10 278 trillion VND 2017 Number of employees6000 2017 Websitewww wbr vinamilk wbr com wbr vnThe 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 Nestle 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 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 4 Vinamilk s main competitors are Dutch Lady Vietnam a division of Friesland Foods Nestle 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 5 Contents 1 Ownership 2 Factories and subsidiaries 2 1 Subsidiaries 3 Major brands 4 Awards and achievements 5 External links 6 ReferencesOwnership EditVietnam s State Capital Investment Corporation SCIC holds 36 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 amp N Dairy Investments Pte Ltd 16 50 Jardine Cycle amp Carriage via Platinum Victory Pte Ltd PVPL 10 03 F amp 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 amp N have been holding shares of Vinamilk for a long time and have two representatives in the Board of Directors 6 Factories and subsidiaries EditVinamilk has factories in the following locations 7 Truong Tho Dairy Factory Trường Thọ Thủ Đức District Ho Chi Minh City Dielac Dairy Factory Binh An Bien Hoa City Đồng Nai Thong Nhat Dairy Factory Trường Thọ Thủ Đức District Ho Chi Minh City Binh Dinh Dairy Factory Qui Nhơn City Binh Định Province Da Nang Dairy Factory Hoa Khanh Danang City Nghe An Dairy Factory Nghi Thu Cửa Lo Nghệ An Sai Gon Dairy Factory Hiệp Thanh District 12 Ho Chi Minh City Can Tho Dairy Factory Tra Noc Binh Thủy District Cần Thơ Tien Son Factory Tien Du Bắc NinhSubsidiaries Edit Vinamilk has subsidiaries in the following locations 8 DomesticVietnam 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 CityForeignAngkor Dairy Products Co LTD Phnom Penh Cambodia Producer of major Cambodian dairy brand Angkormilk 9 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 10 Major brands Edit nbsp 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 EditForbes Global 2000 1888 11 Forbes Asia s Fab 50 12 External links EditVinamilkReferences Edit Vinamilk revenue up 14 in 2015 on strong overseas business Archived from the original on 9 February 2016 Retrieved 9 February 2016 Top 10 Giants in Vietnam Stock Exchange 23 August 2017 Asia s 200 Best Under A Billion Forbes 2010 09 01 Retrieved 2010 09 07 Vinamilk đạt 27 300 tỷ đồng doanh thu 2012 Gafin vn 16 January 2013 Archived from the original on 17 January 2013 Retrieved 17 January 2013 Denmark s Chr Hansen to help Vinamilk develop probiotics vietnamnews vn Retrieved 2017 10 11 VNM Major Shareholders Stockbiz Vietnam Retrieved 6 December 2017 Vinamilk Wikibiz Archived from the original on 2012 11 17 Retrieved 2012 11 19 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 Forbes Asia s Fab 50 2018 China Squeezes Out Asia Forbes Retrieved from https en wikipedia org w index php title Vinamilk amp oldid 1177768629, wikipedia, wiki, 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