Vinamilk is the largest dairy company in Vietnam. Based on the UNDP 2007 Top 200 largest firms in Vietnam report, it is also the 15th largest company 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: Th?ng Nh?t (belonging to a Chinese company), Tr??ng Th? (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 (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. Vinamilk's main competitors are Dutch Lady Vietnam (a division of Friesland Foods), Nestlé Vietnam, Abbott, Mead Johnson, Friso and Nutifood. In September 2016 Vinamilk signed a strategic cooperation agreement with Chr. Hansen to develop probiotics.
Video Vinamilk
Ownership
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.
- F&N Dairy Investments Pte Ltd: 17.54%
- Jardine Cycle & Carriage, via Platinum Victory Pte. Ltd. (PVPL): 10.03%
- Deutsche Bank AG, London Branch: 2.98%
- F&N BEV Manufacturing PTE.Ltd: 2.70%
- 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.
Maps Vinamilk
Factories & Subsidiaries
Vinamilk has factories in the following locations.
- Truong Tho Dairy Factory, Tr??ng Th?, Th? ??c District, Ho Chi Minh City
- Dielac Dairy Factory, Bình An, Bien Hoa City, ??ng Nai
- Thong Nhat Dairy Factory, Tr??ng Th?, Th? ??c District, Ho Chi Minh City
- Binh Dinh Dairy Factory, Qui Nh?n City, Bình ??nh Province
- Da Nang Dairy Factory
- Nghe An Dairy Factory, Nghi Thu, C?a Lò, Ngh? An
- Sai Gon Dairy Factory, Hi?p Thành, District 12, Ho Chi Minh City
- Can Tho Dairy Factory, Trà Nóc, Bình Th?y District, C?n Th?
- Tien Son Factory, Tiên Du, B?c Ninh
Vinamilk has subsidiaries in the following locations.
- Vietnam Dairy Cow One-Member Co., Ltd., District 7, Ho Chi Minh City
- Lam Son Dairy One-Member Co. Ltd., Thanh Hoa City, Thanh Hoa Province
- Thong Nhat Thanh Hoa Dairy Cow Co.,Ltd., Yen Dinh District, Thanh Hoa Province
- Angkor Dairy Products Co., LTD, Phmon Penh, Cambodia
- Vinamilk Europe Sp.z O.O in Warsaw Poland
- Driftwood Dairy Holding Corporation, El Monte, California, USA
Major brands
- Vinamilk
- Dielac
- Vfresh (juice and soya milk)
Awards and Achievements
Forbes Global 2000: #1888 Forbes Asia's Fab 50:
External links
- Vinamilk
References
Source of article : Wikipedia
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