Vinamilk eyes VND80 trillion revenues by 2021

The Vietnam Dairy Products Joint-Stock Company (Vinamilk) sets a goal of earning VND80 trillion (US$3.52 billion) in total revenue in 2021, according to its General Director Mai Kieu Lien.

vinamilk eyes vnd80 trillion revenues by 2021 hinh 0

Revenue from the domestic market is expected at VND61 trillion (US$2.68 billion), making up of 75% of the total, while the remaining at VND19 trillion (US$866 million) is hoped to come from overseas markets.

The company’s annual revenue growth rate in the domestic market is projected at 10%, she said.

In 2017 only, Vinamilk targets total revenue of VND51 trillion (US$2.26 billion), up 8% against the previous year and a post-tax profit of over VND9.7 trillion (US$438.6 million), a year-on-year increase of 4%. 

To achieve the goals, Lien said the company has given priority to enhancing milk quality by opening an organic dairy farm in Da Lat city, the Central Highlands province of Lam Dong in the first months of this year. 

With total investment of over VND200 billion (US$8.8 million), the farm has more than 500 cows in the initial stage, which will increase in the coming time. It is also Vietnam’s first organic dairy farm to be certificated with European standard. 

VNA

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