Vinamilk (VNM) leaps six notches in Top 50 global dairy companies
Vinamilk (VNM) leaps six notches in Top 50 global dairy companies
Vinamilk has climbed six ranks to 36th in the top 50 world dairy producers with the highest turnovers, according to Plimsoll, a British financial analysis agency.
With revenue of $2.6 billion in 2020,Vinamilk is the only representative in Southeast Asia to be listed among the Top 50 leading dairy companies in the world. The top 10 includes firms from the U.S., New Zealand, Europe and China.
Vinamilk has recently imported more than 2,100 high-yielding dairy cows from the U.S. Photo by Vinamilk.
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In 2017, Vinamilk made the list for the first time. After four years, the company's revenue has continuously improved in the chart rankings. In 2020, despite Covid-19 impacts, Vinamilk still posted a 5.9 percent increase in revenue over the same period in 2019 and 17 percent compared to 2017, rising six ranks on the world dairy industry map.
Graphic by Hung Thai.
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Vinamilk has recently introduced new products to consumers, including Vinamilk Green Farm fresh milk, fresh milk with bird's nest, premium juice Fruit Love, and Hero fruit milk. With a wide variety of new and quality products that meet diverse nutritional needs, the Vinamilk brand has been the most chosen by Vietnamese consumers for eight consecutive years, according to Kantar Worldpanel’s Asia Brand Footprint 2020.
A report from Nielsen also shows Vinamilk is leading the domestic dairy market in key segments, including liquid milk, powdered milk, and condensed milk.
Green Farm is introduced to Vietnamese consumers in March. Photo by Vinamilk.
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Vinamilk currently owns 13 factories, 13 farms, with a herd of about 150,000 cows, producing more than 250 types of products.
The company has exported its products to 56 countries and territories, with a total turnover of more than $2.4 billion. Since 2017, Vinamilk's export revenue has grown continuously along with the expansion of new export markets.
In the first quarter of 2021, Vinamilk's export revenue increased by 7.9 percent over the same period last year.
Vinamilk products on display at a supermarket in Singapore.
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To rank higher on the world dairy industry map, Vinamilk has promoted corporate governance and sustainable development as its focal points in future direction.
Sustainable development strategy aims at ensuring sustainable values for the economy, society and environment.
Mai Kieu Lien, general director of Vinamilk, said the company would maintain stability in production and business, and further promote cohesion and value sharing with stakeholders.
"At Vinamilk, sustainable development will be oriented towards advanced models of the world dairy industry. Specific action plans and initiatives would be implemented along all parts of the value chain, from research and development, farm systems, factories to supply," Lien maintained.
