Kieu Lien News Today

Vietnamese dairy giant Vinamilk aims to earn VND63.16 trillion ($2.5 billion) in revenue and VND11.5 trillion ($453.92 million) in pre-tax profit this year, up 4.4% and 5.1% year-on-year, respectively, CEO Mai Kieu Lien said on Thursday.

Despite the positive impact of input material prices on the operational activities of the Vietnam Dairy Products Joint Stock Company (Vinamilk, stock code VNM), challenges persist due to trends in domestic market consumption and input prices.

A number of food enterprises are restructuring and looking for more growth drivers.

Vietnam’s largest dairy producer Vinamilk reported consolidated revenue of VND15.2 trillion ($642.27 million) and consolidated after-tax profit of VND2.22 trillion ($93.8 million) in the second quarter of this year, up 1.6% and 5.6% year-on-year, respectively.

The six leading global nutrition groups are from Switzerland, Denmark, Germany, Italy, Sweden, and Japan

Vibev, an ice cream and non-alcoholic beverage company owned by Vinamilk (51 per cent) and Kido (49 per cent), has announced its dissolution after more than two years.

Investors in the region explain how Vietnam's positive gender-parity trajectory makes the region an attractive investment opportunity.

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Packaged food producer Kido and dairy giant Vinamilk will invest VND400 billion ($17.49 million) in a new beverage company that targets an increased domestic market share. - VnExpress International