Vinamilk leaps six spots in world’s top 50 dairy producers
The Vietnam Dairy Products Joint Stock Company (Vinamilk) has moved up six places from 42nd to 36th in the Top 50 by Total Sales in Dairy Product Processors (Global), according to the rankings announced by UK-based Plimsoll Publishing Ltd.
A product of the Vietnam Dairy Products Joint Stock Company (Photo: VNA)
Hanoi (VNA) – The Vietnam Dairy Products Joint Stock Company(Vinamilk) has moved up six places from 42nd to 36th inthe Top 50 by Total Sales in Dairy Product Processors (Global), according tothe rankings announced by UK-based Plimsoll Publishing Ltd.
With total revenue of more than 59.7 trillion VND (nearly 2.6 billion USD) in2020, Vinamilk was the only dairy producer in Southeast Asia to enter the Top50.
Top 10 named businesses from the US, New Zealand, Europe and China.
The Vietnamese dairy firm entered the Top 50 for the first time in 2017. In2020, thanks to its rational strategies to respond to the COVID-19 pandemic,Vinamilk posted robust business results, with earnings surging 5.9 percent from2019, and 17 percent from 2017.
In the past time, an array of new products have been introduced to Vietnameseconsumers, including high-grade Vinamilk Green Farm fresh milk – a product madeof fresh milk sourced at Vinamilk’s Green Farm, Vinamilk UHT fresh milk withbird’s nest and Fruit Love.
Thanks to its high-quality products, Vinamilk has been among top three mostchosen fast-moving consumer goods (FMCG) brand owners in both urban and ruralareas for the 8th consecutive year, according to the KantarWorldpanel’s Asia Brand Footprint 2020.
Along with affirming its prestige in the domestic market, Vinamilk has won thetaste of consumers in 56 countries and territories. To date, it has shippedmore than 2.4 billion USD worth of dairy products abroad.
Vinamilk has invested heavily in its international-standard dairy farms. Thefirm is now owning 13 dairy farms in Vietnam, and an organic milch cow farmingresort complex in Laos.
Earlier this year, Vinamilk introduced the first eco-farmsystem in Thanh Hoa, Quang Ngai, and Tay Ninh provinces, with tens of thousandsof cows. At the farm, the natural groundwater isconsidered "the source of nourishing life" as it is the water supplysource for plants, grasslands and corn, helping to create eco-detention basinsand keeping the air cool and fresh./.
Vinamilk has been the first and only Vietnamese company recognised as "ASEAN Asset Class” at the annual forum of the Vietnam Institute of Board Members (VIOD) held on December 10.
Vinamilk said it exported ten containers of plant-based milk to China in the early days of 2021 and five more containers of condensed milk will soon depart for the world’s largest market.
The Vietnam Dairy Products JSC – Vinamilk (VNM), the largest dairy company in Vietnam, posted a gain in revenue and profit in the fourth quarter of last year and the whole of 2020 despite disruptions due to COVID-19.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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A product of the Vietnam Dairy Products Joint Stock Company (Photo: VNA) 
