Vinamilk

From Wikipedia, the free encyclopedia
Vietnam Dairy Products Joint Stock Company (Vinamilk)
Type Joint-stock company
Industry Dairy products, juice
Founded 1976
Headquarters Ho Chi Minh City, Vietnam
Area served Vietnam, Middle East, Cambodia, Australia and the Philippines
Key people Mai Kieu Lien Chairwoman/CEO
Services General clinic, investing, real estate
Revenue Increase 27,300 bil VND (2012) ($1.3bn)[1]
Net income Increase 3.602 bil VND (2010)
Website www.vinamilk.com.vn

Vinamilk is the biggest dairy company in Vietnam. Based on the UNDP 2007 Top 200 largest firms in Vietnam report, it is also the 15th largest company in Vietnam. In 2010, it is the first company in Vietnam to be included in the Forbes Asia's 200 Best Under A Billion list that highlights 200 top-performing small- and mid-sized companies with annual revenue under US$1 billion.[2]

The company was established in 1976 as the state-owned Southern Coffee-Dairy Company, to nationalize and take over the operations of three previously private dairy factories in South Vietnam: Thống Nhất (belonging to a Chinese company), Trường Thọ (formerly owned by Friesland Foods, best known for its production of condensed milk that was widely distributed across the South), and Dielac (Nestlé). It was then renamed to United Enterprises of Milk Coffee Cookies and Candies I in 1978 and finally Vietnam Dairy Company was formally established in 1993. In 2003, follows its IPO to the Ho Chi Minh Stock Exchange, the company legally change its name to Vietnam Dairy Products Joint Stock Company (Vinamilk). The principal activities of the Vinamilk are produce and distribute condensed milk, powdered milk, fresh milk, soya milk, yogurts, ice-cream, cheese, fruit juice, coffee and other products derived from milk.

Vinamilk products such as powdered milk and condensed milk are also exported to the Middle East, Cambodia, the Philippines and Australia. Exports accounted for $180m in 2012.[1] Vinamilk's main competitors are Dutch Lady Vietnam, a division of Friesland Foods, Nestlé Vietnam, Abbott, Mead Johnson, Friso and Nutifood.

Ownership

Vietnam's State Capital Investment Corporation (SCIC) holds 45.1% of the shares as of late 2012. 6% are owned by other Vietnamese investors, of which 0.3% are owned by CEO Mai Kieu Lien. Foreign investors hold just under 49% of the shares:[3]

  • F&N Dairy Investments (Singapore): 9.5%
  • Deutsche Bank & DWS Fund (Germany): 6.1%
  • Dragon Capital:5.2%
  • Vinacapital: 2.4%
  • Miraka (New Zealand): 2.2% (Vinamilk holds 19.3% of Miraka's shares)
  • other foreign investors: 23.6%

F&N and Dragon Capital have been holding shares of Vinamilk for a long time and both have representatives in the Managing Board.[3]

Factories

Vinamilk has factories in the following locations.[4]

  • Truong Tho Dairy Factory, Trường Thọ, Thủ Đức District, Ho Chi Minh City
  • Dielac Dairy Factory, Bình An, Bien Hoa City, Đồng Nai
  • Thong Nhat Dairy Factory, Trường Thọ, Thủ Đức District, Ho Chi Minh City
  • Binh Dinh Dairy Factory, Qui Nhơn City, Bình Định Province
  • Da Nang Dairy Factory
  • Nghe An Dairy Factory, Nghi Thu, Cửa Lò, Nghệ An
  • Sai Gon Dairy Factory, Hiệp Thành, District 12, Ho Chi Minh City
  • Can Tho Dairy Factory, Trà Nóc, Bình Thủy District, Cần Thơ
  • Tien Son Factory, Tiên Du, Bắc Ninh

Major brands

  • Vinamilk
  • Dielac
  • Vfresh (juice and soya milk)

Awards and achievements

From the communist Vietnamese government:

  • 1985 - Labour Medal of Third Ranking.
  • 1991 - Labour Medal of Second Ranking.
  • 1996 - Labour Medal of First Ranking.
  • 2000 - Hero of Socialist Labor of Vietnam.
  • 2001 - Labour Medal of Third Ranking.
  • 2005 - Independence Medal of Third Ranking.
  • 2005 - Labour Medal of Third Ranking.
  • 2006 - “Supreme Cup” from Intellectual Property Association and Association of Small & Medium Enterprises, Vietnam.
  • 1995-2007 - Saigon Marketing Newspaper Readers' Choice Awards.

Overseas:

  • Top 15 enterprise in Vietnam (UNDP 2007)
  • Forbes Asia’s 2010 Best Enterprise Top 200 for SMEs in Asia.
  • Nielsen Singapore 2010 Top 10 Favorite Bands in Vietnam
  • Top 5 largest private companies in Vietnam (VNR500 2010)

External links

References

  1. ↑ 1.0 1.1 "Vinamilk đạt 27.300 tỷ đồng doanh thu 2012". Gafin.vn. 16 January 2013. Retrieved 17 January 2013. 
  2. ↑ "Asia's 200 Best Under A Billion". Forbes. 2010-09-01. Retrieved 2010-09-07. 
  3. ↑ 3.0 3.1 "Ai đang sở hữu Vinamilk?". Vietnam Economic Forum. 23 November 2012. Retrieved 27 November 2012. 
  4. ↑ "Vinamilk". Wikibiz. 
This article is issued from Wikipedia. The text is available under the Creative Commons Attribution/Share Alike; additional terms may apply for the media files.