Vinamilk eyes 51 trillion VND in revenue in 2017 (Source: VNA)




Hanoi (VNA) – The
Vietnam Dairy Products JSC (Vinamilk) has said that its revenue is expected to
reach 51 trillion VND (2.24 billion USD) in 2017.



With
the projected revenue, Vinamilk will earn 12 trillion VND (528.6 million USD) in
profit and contribute 4.2 trillion VND (185 million USD) to the State budget.



Vinamilk
is one of the world’s 50 biggest milk producers in terms of revenue. In the
first half of this year, the company’s revenue and profit climbed 12 percent
and 17 percent, respectively.



Currently,
the company has 13 factories nationwide. It has also invested in one plant in
Cambodia 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, and
established a subsidiary in Poland to enter the European market.



The
company’s production meets the Good Manufacturing Practices (GMP) and other
international standards.



Vinamilk
products are now available in over 40 nations in the world, including Cambodia,
Thailand, the Republic of Korea, Japan, China, Turkey, Russia, Canada, the US
and Australia.



It
raked in around 260 million USD from exports in 2016, up from 30 million USD in
1998.



The
company 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 and
Nghe An.-VNA