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Vinamilk eyes VNĐ80 trillion revenue by 2021

Update: July, 17/2017 - 16:43
A dairy production line of Vinamilk in Việt Nam. The company expects to earn VNĐ80 trillion (US$3.51billion) in revenue in 2021. — Photo tinnhanhchungkhoan.vn
Viet Nam News

HÀ NỘI – Giant dairy producer Vinamilk has set a target of earning VNĐ80 trillion (US$3.51 billion) in revenue in 2021, the company’s general director Mai Kiều Liên said.

Revenue from the domestic market is forecast at VNĐ61 trillion, making up 75 per cent of the total, while the remaining VNĐ19 trillion is expected to come from overseas markets. 
The company’s annual revenue growth rate in the domestic market is projected at 10 per cent, she said. 
To achieve these ambitious goals, Liên said the company was focusing on enhancing milk quality. Early this year, it opened an organic dairy farm in Đà Lạt City in the Central Highlands province of Lâm Đồng – the first dairy farm in Việt Nam certified under European Union standards.

The VNĐ200 billion farm has more than 500 cows in this initial stage, which will increase in the future.

In 2017 alone, Vinamilk has targeted total revenue of VNĐ51 trillion, up eight per cent against the previous year, and post-tax profit of over VNĐ9.7 trillion, a year-on-year increase of four per cent. 

According to information released at a review conference held by the Steering Committee for Business Renovation and Development in Hà Nội recently, the State Capital Investment Corporation has submitted to the Prime Minister two ways to sell State-owned capital at Vinamilk. However, the details of the proposals have not yet been disclosed. — VNS

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