With the projected revenue, Vinamilk will earn US$528.6 million in profit and contribute US$185 million to the State budget.
Vinamilk is one of the world’s 50 biggest milk producers in terms of revenue. In the first half of this year, the company’s revenue and profit climbed 12 percent and 17 percent, respectively.
Currently, the company has 13 factories nationwide. It has also invested in one plant in Cambodia and held a 22.8 percent stake in Miraka milk plant (New Zealand). Vinamilk also holds 100 percent of shares at Driftwood factory in the US, and established a subsidiary in Poland to enter the European market.
The company’s production meets the Good Manufacturing Practices (GMP) and other international standards.
Vinamilk products are now available in over 40 nations in the world, including Cambodia, Thailand, the Republic of Korea, Japan, China, Turkey, Russia, Canada, the US and Australia.
It raked in around 260 million USD from exports in 2016, up from 30 million USD in 1998.
The company recently provided 160,000 milk boxes, worth 1 billion VND (44,000 USD) for children in the natural disaster-hit provinces of Quang Binh, Ha Tinh and Nghe An.