Vinamilk, formally the Vietnam Dairy Products Joint Stock Company () is the largest

dairy A dairy is a business enterprise established for the harvesting or processing (or both) of animal milk – mostly from cows or buffaloes, but also from goats, sheep, horses, or camels – for human consumption. A dairy is typically located on ...

company in

Vietnam Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...

. Based on the UNDP 2007 Top 200 largest firms in Vietnam report, 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 South Vietnam, officially the Republic of Vietnam ( vi, Việt Nam Cộng hòa), was a state in Southeast Asia that existed from 1955 to 1975, the period when the southern portion of Vietnam was a member of the Western Bloc during part of th ...

: Thống Nhất (belonging to a Chinese company), Trường Thọ (formerly owned by

Friesland Foods Royal Friesland Foods (Koninklijke Friesland Foods N.V.) was a Dutch company that developed, produced and sold branded dairy products and fruit-based drinks. Royal Friesland Foods had a strong presence in Western Europe, Central Europe, West Afri ...

, best known for its production of condensed milk that was widely distributed across the

South South is one of the cardinal directions or Points of the compass, compass points. The direction is the opposite of north and is perpendicular to both east and west. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Pro ...

) and Dielac (

Nestlé Nestlé S.A. (; ; ) is a Switzerland, Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest publicly held food company in the world, measured by revenue and other me ...

). 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 (rading name "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 Royal FrieslandCampina N.V. is a Dutch multinational dairy cooperative which is based in Amersfoort, Netherlands. It is the result of a merger between Friesland Foods and Campina on 30 December 2008. The European Commission approved this merg ...

Vietnam (a division of

Vietnam, Abbott,

Mead Johnson Mead Johnson & Company, LLC is an American company that is a leading manufacturer of infant formula, both domestically and globally, with its flagship product Enfamil. It operates as an independent subsidiary of Reckitt. The company dates back t ...

(a subsidiary of

Reckitt Reckitt Benckiser Group plc, trading as Reckitt, is a British multinational consumer goods company headquartered in Slough, England. It is a producer of health, hygiene and nutrition products. The company was formed in March 1999 by the merge ...

), Friso and Nutifood. In September 2016, Vinamilk signed a strategic cooperation agreement with Chr. Hansen to develop probiotics.

Ownership

Vietnam's

State Capital Investment Corporation The State Capital Investment Corporation (SCIC, ) is a state-owned holding company considered a National Wealth Fund of Vietnam. It was established on 20 June 2005 under the mandate of Prime Minister Phan Văn Khải as part of a range of reform ...

(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: 16.50% *

Jardine Cycle & Carriage Jardine Cycle & Carriage Limited () is the investment holding company of the Jardine Matheson Group in Southeast Asia. It is currently 75%-held by the conglomerate. The company was listed on the Singapore Exchange in 1969 as Cycle & Carriage Li ...

, via Platinum Victory Pte. Ltd. (PVPL): 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 Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

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 & Subsidiaries

Vinamilk has factories in the following locations. * Truong Tho Dairy Factory, Trường Thọ, Thủ Đức District,

Ho Chi Minh City , population_density_km2 = 4,292 , population_density_metro_km2 = 697.2 , population_demonym = Saigonese , blank_name = GRP (Nominal) , blank_info = 2019 , blank1_name = – Total , blank1_ ...

* Dielac Dairy Factory, Bình An,

Bien Hoa Bien may refer to: * Bien (newspaper) * Basic Income Earth Network * Bień, Poland {{disambiguation ...

City, Đồng Nai * Thong Nhat Dairy Factory, Trường Thọ, Thủ Đức District,

* Binh Dinh Dairy Factory,

Qui Nhơn Quy Nhon ( vi, Quy Nhơn ) is a coastal city in Bình Định province in central Vietnam. It is composed of 16 wards and five communes with a total of . Quy Nhon is the capital of Bình Định province. As of 2019 its population was 457,400. Hi ...

City, Bình Định

Province A province is almost always an administrative division within a country or sovereign state, state. The term derives from the ancient Roman ''Roman province, provincia'', which was the major territorial and administrative unit of the Roman Empire ...

* Da Nang Dairy Factory, Hoa Khanh,

Danang Nang or DanangSee also Danang Dragons ( ; vi, Đà Nẵng, ) is a class-1 municipality and the fifth-largest city in Vietnam by municipal population. It lies on the coast of the East Sea of Vietnam at the mouth of the Hàn River, and is one ...

City * Nghe An Dairy Factory, Nghi Thu, Cửa Lò, Nghệ An * Sai Gon Dairy Factory, Hiệp Thành, District 12,

* Can Tho Dairy Factory, Trà Nóc, Bình Thủy District,

Cần Thơ Cần Thơ, also written as Can Tho or Cantho (: , : ), is the fourth-largest city in Vietnam, and the largest city along the Mekong Delta region in Vietnam. It is noted for its floating markets, rice paper-making village, and picturesque rur ...

* Tien Son Factory, Tiên Du,

Bắc Ninh Bắc Ninh () is a city in the northern part of Vietnam and is the capital of Bắc Ninh province. The city is the cultural, administrative and commercial center of the province. The city area is 82.60 square km, with a population of 501,199 in N ...

Subsidiaries

Vinamilk has subsidiaries in the following locations. ;Domestic * Vietnam Dairy Factory, Binh Duong province * Vietnam Powdered Milk Factory, Binh Duong province * Lam Son Dairy Factory, Thanh Hoa City, Thanh Hoa Province * Thong Nhat Thanh Hoa Dairy Cow Co., Ltd., Yen Dinh District, Thanh Hoa Province * Vietnam Dairy Cow One-Member Co., Ltd., District 7, Ho Chi Minh City ;Foreign * Angkor Dairy Products Co., LTD, Phmon 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.

Major brands

* Vinamilk * Dielac * Vfresh (juice and soya milk) * Angkormilk * Ong Tho (condensed milk)

Awards and Achievements

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

External links

Vinamilk

References

{{authority control Companies listed on the Ho Chi Minh City Stock Exchange Manufacturing companies based in Ho Chi Minh City Government-owned companies of Vietnam Dairy products companies of Vietnam Food and drink companies established in 1976 Vietnamese brands Vietnamese companies established in 1976 Food and drink companies of Vietnam