Vinamilk eyes 51 trillion VND in revenue in 2017 (Source: VNA)
Hanoi (VNA) - TheVietnam Dairy Products JSC (Vinamilk) has said that its revenue is expected toreach 51 trillion VND (2.24 billion USD) in 2017.
Withthe projected revenue, Vinamilk will earn 12 trillion VND (528.6 million USD) inprofit and contribute 4.2 trillion VND (185 million USD) to the State budget.
Vinamilkis one of the world’s 50 biggest milk producers in terms of revenue. In thefirst half of this year, the company’s revenue and profit climbed 12 percentand 17 percent, respectively.
Currently,the company has 13 factories nationwide. It has also invested in one plant inCambodia and held a 22.8 percent stake in Miraka milk plant (New Zealand).Vinamilk also holds 100 percent of shares at Driftwood factory in the US, andestablished a subsidiary in Poland to enter the European market.
Thecompany’s production meets the Good Manufacturing Practices (GMP) and otherinternational standards.
Vinamilkproducts are now available in over 40 nations in the world, including Cambodia,Thailand, the Republic of Korea, Japan, China, Turkey, Russia, Canada, the USand Australia.
Itraked in around 260 million USD from exports in 2016, up from 30 million USD in1998.
Thecompany recently provided 160,000 milk boxes, worth 1 billion VND (44,000 USD)for children in the natural disaster-hit provinces of Quang Binh, Ha Tinh andNghe An.-VNA
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Vinamilk eyes 51 trillion VND in revenue in 2017 (Source: VNA)
