Vinamilk announces export plan

10:39 | 05/02/2015 Companies

The Vietnam Dairy Products Joint-Stock Co (Vinamilk) will focus on exploiting the Middle East, Africa, Cuba and the US markets as its primary export strategy for the next three years.

The purchase of a 70 percent stake of the US Driftwood dairy factory has brought the company good business results, with revenue of more than 2.6 trillion VND (123.8 million USD) last year.

The company's total revenue reached nearly 36 trillion VND (1.7 billion USD), an increase of nearly 14 percent compared to 2013.

Last year, Vinamilk produced and launched 5 billion dairy products of all kinds into the market to serve domestic consumers.

According to market research company Nielsen, Vinamilk takes the lead in sales and revenue in the group of fresh milk brands in Vietnam.

To reach the revenue target of 3 billion USD and be included on the list of the world's top 50 biggest dairy firms by 2017, the company will also develop key export markets such as Cambodia, Poland, and Europe.

Last year, the company broke ground for factory construction in Cambodia with total investment of 23 million USD.


This year, when the factory is put into operation, revenue for the first year is expected to reach 35 million USD.

The company has also invested 3 billion USD in a company in Poland that will provide agricultural products and poultry to support key items of Vinamilk.

In addition, the company has bought a 19.3 percent of stake of New Zealand's Miraka factory to develop exports.

 Source VNA

Theo ven.org.vn