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VietNamNews

Vinamilk reform pays off with rising exports

Update: October, 12/2013 - 09:48
The Viet Nam Dairy Products Joint Stock Company (Vinamilk) exported VND3.354 trillion of dairy products in the first nine months of the year.— VNS Photo
HCM CITY (VNS)  — The Viet Nam Dairy Products Joint Stock Company (Vinamilk) exported VND3.354 trillion of dairy products in the first nine months of the year.

Vinamilk has signed export contracts for a whole year with a total value of $230 million.

Between 2008 and 2012, the export growth rate of Vinamilk reached 62 per cent annually.

Currently, Vinamilk has exported powdered milk, nutrition powder, condensed milk, fresh milk, soybean milk and yogurt to 26 countries, including the US, Australia, Canada, Russia, Japan, Thailand, South Korea, Turkey, Iraq, and the Middle East.

To produce higher quality products, Vinamilk has invested in renovating modern production chains with imports from Sweden, the US, Denmark, the Netherlands, France, Switzerland and Germany.

In the coming time, the company will invest in three new farms in Tay Ninh (10,000 cows), Ha Tinh (3,000 cows) and Thanh Hoa (20,000 cows).

Vinamilk has also bought 460 tonnes of raw milk from 5,000 local households that own 65,000 cows.

It has purchased more than 60 per cent of its raw materials from farmers in Viet Nam. —VNS

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