Vietnam dairy giant brings 100pct locally produced organic milk to market

Dec 16th at 14:11
16-12-2016 14:11:44+07:00

Vietnam dairy giant brings 100pct locally produced organic milk to market

Vietnamese dairy giant Vinamilk has launched the country’s first-ever premium fresh organic milk product line that meets U.S. and European standards.

 

The completely organic milk is produced by cows raised on the open grasslands of Da Lat City in Vietnam’s Central Highlands.

Rather than living in stables, the cows roam freely through area’s green pastures and are strictly guarded from exposure to genetically modified fodder, growth hormones, antibiotics, pesticides, and chemical fertilizers, ensuring their milk stays 100 percent organic and safe.

Vinamilk’s organic dairy meets Europe’s and the U.S. Agriculture Department’s standards for organic farming.

The company’s Da Lat farm is also the first in Vietnam to be certified by the Holland-based global inspection Control Union.

According to Vinamilk CEO Phan Minh Tien, fresh organic milk is the company’s next step towards providing the Vietnamese population with easier access to less expensive premium, locally produced, and healthy organic products.

Vinamilk is Vietnam’s largest dairy producer, posting US$1.8 billion in revenue in 2015.

On Monday, 60 percent of the company’s 130 million state-owned shares up for bid were bought by private investors.

The bidding was part of the State Capital Investment Corporation (SCIC)’s plan to divest from the firm by selling a chunk of its 44.7 percent stake in Vinamilk.

tuoitrenews



NEWS SAME CATEGORY

SCIC to divest from FPT Telecom soon

The State Capital Investment Corporation (SCIC) is likely to divest from FPT Telecom early next year, a Ministry of Finance official said.

Masan Group to issue $300m in international bonds

The management board of Masan Group has approved a plan to issue non-convertible international bonds worth up to US$300 million, the company announced in a filing...

KBC to approve plan to purchase treasury shares

Kinh Bac City Development Holding Corporation (KBC) on Tuesday announced its plan to buy back treasury shares worth VND200 billion (US$8.8 million).

PNJ shoots past full-year profit target

Phu Nhuan Jewelry Joint Stock Company reported pre-tax profits of VND561 billion (US$24.73 million) in the first 11 months of the year, a year-on-year increase of...

Gelex initiates plan to take over STG

Vietnam Electrical Equipment Joint Stock Corporation (Gelex) has announced its plan to purchase 21.3 million shares of South Logistics Joint Stock Company (Sotrans).

Viet Dragon divests stake in TAC, earns $15m

Viet Dragon Fund Management (VDFM) has reportedly earned VND334 billion (US$15 million) from selling 23.44 per cent stake in Tuong An Vegetable Oil Company (TAC).

Vinacomin power to debut 680 million shares on UPCoM

Vinacomin Power Holding Corporation Limited, a State-owned subsidiary of Viet Nam National Coal and Mineral Industries Group (Vinacomin), will debut 680 million...

VIB shares deposited at Vietnam Securities Depository

More than 564.4 million shares of Vietnam International Bank (VIB) were deposited at the Vietnam Securities Depository under code VIB as of December 12.

DATC to sell 3.7m shares of COSEVCO

Viet Nam Debt and Asset Trading Corporation (DATC) will sell 3.7 million shares of Cosevco Ceramic Tiles Joint Stock Company at an auction on January 6 next year at...

Mobile World turnover estimated at $1.9b in 2016

Mobile World Investment Corporation (MWG) estimated its turnover this year to reach VNĐ44 trillion (US$1.938 billion), according to company chairman Nguyễn Đức Tài.


MOST READ


Back To Top