Vinamilk announces five-month financial results
(VOV) -The Vietnam Diary Product Joint Stock Company (Vinamilk) recently announced it earned VND1,240 billion from exports in the first five months of the year, and aims to raise the figure to VND4,000 billion by the year-end.
A company spokesperson also reported that the company’s total import-export revenue for the year is forecast to jump 15% year-on-year to VND36,298 billion.
Vinamilk currently exports infant formula, powdered milk, baby food, condensed milk, fresh milk, soya milk, soft drinks, and yogurt to 31 countries and territories around the globe.
 |
Its major consumers are Cambodia, Thailand, the Republic of Korea, Japan, Taiwan, Turkey, Russia, Canada, the US, and Australia.
In early May 2014 Vinamilk broke ground for a US$23 million dairy product plant in Cambodia, in which it takes a 51% stake.
The company recently received a license for a US$3 million project in Poland – a move to penetrate the European market.
Over the next three years, the company plans to concentrate heavily on expanding its markets in the Middle East, Africa and the US.