Vinamilk


Vinamilk, formally the Vietnam Dairy Products Joint Stock Company is the largest dairy company in Vietnam. It was also the 15th largest company in Vietnam and formerly the most valuable public company listed in Vietnam. 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.
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, Trường Thọ and Dielac. 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. 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 government by the Ministry of Transport shareholders.
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.
Vinamilk's main competitors are Dutch Lady Vietnam, Nestlé Vietnam, Abbott, Mead Johnson, Friso and Nutifood. In September 2016, Vinamilk signed a strategic cooperation agreement with Chr. Hansen to develop probiotics.

Ownership

Vietnam's Ministry of Construction holds 100% 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&N Dairy Investments Pte Ltd: 16.50%
  • Jardine Cycle & Carriage, via Platinum Victory Pte. Ltd. : 10.03%
  • F&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&N have been holding shares of Vinamilk for a long time and have two representatives in the Board of Directors.

Factories and subsidiaries

Vinamilk has factories in the following locations.
Vinamilk has subsidiaries in the following locations.
;Domestic
;Foreign
  • Angkor Dairy Products Co., LTD, Phnom Penh, Cambodia. Producer of major Cambodian dairy brand Angkormilk.
  • 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.
  • Del Monte Vinamilk Dairy Philippines, Inc. Joint venture with NutriAsia.

    Major brands

  • Vinamilk
  • Dielac
  • Vfresh
  • Angkormilk
  • Ong Tho

    Awards and achievements

Forbes Global 2000: #1888
Forbes Asia's Fab 50: