Vinamilk

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Dairy company of Vietnam

title: "Vinamilk" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["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", "2003-initial-public-offerings"] description: "Dairy company of Vietnam" topic_path: "general/companies-listed-on-the-ho-chi-minh-city-stock-exchange" source: "https://en.wikipedia.org/wiki/Vinamilk" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Dairy company of Vietnam ::

::data[format=table title="Infobox company"]

FieldValue
nameVinamilk
Vietnam Dairy Products JSC
image_captionVinamilk Tower
native_nameCông ty Cổ phần Sữa Việt Nam
()
native_name_langvi
logoVinamilk new logo.svg
logo_captionLogo since July 2023
imageHCMC Q7 Midtown 33 (cropped).jpg
typeGovernment-owned
foundation1976
key_peopleMai Kieu Lien - CEO
productsliquid milk, condensed milk, powdered milk, probiotic, yogurt, ice cream, soft drinks
brandsVinamilk, Dielac, Susu, Vfresh, Ong Tho, Probi
locationVinamilk Tower, 10 Tân Trào, Tân Phú Ward
location_cityDistrict 7, Ho Chi Minh City
location_countryVietnam
area_servedWorldwide
industryDairy products, juice
owner Ministry of Transport (100%)
num_employees6000
num_employees_year2017
homepage
servicesGeneral clinic, investing, real estate
revenue52.63 trillion VND (2018) ($2.2 billion)
51.135 trillion VND (2017) ($2.2 billion)
net_income10.278 trillion VND (2017)
traded_as
ISIN
::

| name = Vinamilk Vietnam Dairy Products JSC | image_caption = Vinamilk Tower | native_name = Công ty Cổ phần Sữa Việt Nam () | native_name_lang = vi | logo = Vinamilk new logo.svg | logo_caption = Logo since July 2023 | image = HCMC Q7 Midtown 33 (cropped).jpg | type = Government-owned | foundation = 1976 | key_people = Mai Kieu Lien - CEO | products = liquid milk, condensed milk, powdered milk, probiotic, yogurt, ice cream, soft drinks | brands = Vinamilk, Dielac, Susu, Vfresh, Ong Tho, Probi | location = Vinamilk Tower, 10 Tân Trào, Tân Phú Ward | location_city = District 7, Ho Chi Minh City | location_country = Vietnam | area_served = Worldwide | industry = Dairy products, juice | owner = Ministry of Transport (100%) | num_employees = 6000 | num_employees_year = 2017 | homepage = | services = General clinic, investing, real estate | revenue = 52.63 trillion VND (2018) ($2.2 billion) 51.135 trillion VND (2017) ($2.2 billion) | net_income = 10.278 trillion VND (2017) | traded_as = | ISIN = 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 (belonging to a Chinese company), Trường Thọ (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 (trading 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 government by the Ministry of Transport (now in Ministry of Construction) (100%) 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 (a division of Friesland Foods), Nestlé Vietnam, Abbott, Mead Johnson (a subsidiary of Reckitt), Friso and Nutifood. In September 2016, Vinamilk signed a strategic cooperation agreement with Chr. Hansen to develop probiotics.

Ownership

Vietnam's Ministry of Construction (SCIC) 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. (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 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.

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, 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

  • [[File:Vinamilk old and 2023 branding.jpg|thumb|Vinamilk products with the old logo (left) and the current logo (right)]]Vinamilk
  • Dielac
  • Vfresh (juice and soya milk)
  • Angkormilk
  • Ong Tho (condensed milk)

Awards and achievements

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

References

References

  1. "Vinamilk revenue up 14% in 2015 on strong overseas business".
  2. (23 August 2017). "Top 10 Giants in Vietnam Stock Exchange".
  3. (2010-09-01). "Asia's 200 Best Under A Billion". Forbes.
  4. (16 January 2013). "Vinamilk đạt 27.300 tỷ đồng doanh thu 2012". Gafin.vn.
  5. "Denmark's Chr. Hansen to help Vinamilk develop probiotics". vietnamnews.vn.
  6. "VNM - Major Shareholders".
  7. "Vinamilk". Wikibiz.
  8. "Vinamilk Subordinate Unit".
  9. Vichea, Pang. (27 March 2017). "Vinamilk to take full stake of Angkormilk".
  10. VIR, Vietnam Investment Review -. (27 August 2016). "Vinamilk acquires remaining 30% stake of US Driftwood Dairy".
  11. "Vietnam Dairy Products".
  12. Koppisch, John. "Asia's Fab 50 2018: China Squeezes Out Asia".

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companies-listed-on-the-ho-chi-minh-city-stock-exchangemanufacturing-companies-based-in-ho-chi-minh-citygovernment-owned-companies-of-vietnamdairy-products-companies-of-vietnamfood-and-drink-companies-established-in-1976vietnamese-brandsvietnamese-companies-established-in-1976food-and-drink-companies-of-vietnam2003-initial-public-offerings