The Vietnam Dairy Products Joint-Stock Company (Vinamilk) sets a goal of earning 80 trillion VND (3.52 billion USD) in total revenue in 2021, according to its General Director Mai Kieu Lien.
Vinamilk's European-standard organic dairy farm in Da Lat (Photo: VNA)
Hanoi (VNA) – TheVietnam Dairy Products Joint-Stock Company (Vinamilk) sets a goal of earning 80trillion VND (3.52 billion USD) in total revenue in 2021, according to its GeneralDirector Mai Kieu Lien.
Revenue from the domestic market is expected at61 trillion VND (2.68 billion USD), making up of 75 percent of the total, whilethe remaining at 19 trillion VND (866 million USD) is hoped to come from overseasmarkets.
The company’s annual revenue growth rate in thedomestic market is projected at 10 percent, she said.
In 2017 only, Vinamilk targets total revenue of51 trillion VND (2.26 billion USD), up 8 percent against the previous year anda post-tax profit of over 9.7 trillion VND (438.6 million USD), a year-on-yearincrease of 4 percent.
To achieve the goals, Lien said the company hasgiven priority to enhancing milk quality by opening an organic dairy farm in DaLat city, the Central Highlands province of Lam Dong in the first months ofthis year.
With total investment of over 200 billion VND(8.8 million USD), the farm has more than 500 cows in the initial stage, whichwill increase in the coming time. It is also Vietnam’s first organic dairy farmto be certificated with European standard. -VNA
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Vinamilk's European-standard organic dairy farm in Da Lat (Photo: VNA)
