20 largest investors hold 80% of Vinamilk's charter capital
Vietnam’s largest dairy manufacturer Vinamilk reported charter capital of nearly VND20.9 trillion ($886.16 million) at the end of 2022, with 80% owned by 20 investors.
The corporation's 20 largest shareholders hold more than 1.65 billion Vinamilk shares, equivalent to about 79.11% of the company's chartered capital.
Of which, the State Capital Investment Corporation (SCIC) is the largest shareholder with 36%, followed by F&N Group with 20.39% (including F&N Dairy Investments Pte with 17.69% and F&N BEV Manufacturing Pte.Ltd with 2.7%), and Platinum Victory Pte.Ltd with 10.62%.
The ownership ratio of domestic investors is 44.35%, while foreign investors account for 55.6%, according to its annual report for 2022.

SCIC is the largest shareholder of VNM with a 36% stake. Photo courtesy of VNM.
Vinamilk, listed on the Ho Chi Minh Stock Exchange (HoSE) as VNM, posted net revenue of VND59.96 trillion ($2.56 billion) in 2022, down 1.58% year-on-year, and after-tax profit of VND8.578 trillion ($365.8 million), down 19.3%.
According to the firm, Vietnam’s dynamic dairy industry is worth $5 billion. Dairy consumption hit 21.8 kilograms per capita in 2019, below the regional average of 26.7 kilograms. It quoted data from market researcher AC Nielsen as saying that the country’s dairy industry grew 5% in value in the first 11 months of last year, while volume remained unchanged, attributing these changes to higher prices amid rising production costs.
Last year, the company opened nearly 40 new Vinamilk stores in a move to ensure sustainable distribution solutions. As of end-2022, Vinamilk’s distribution system reached more than 230,000 points nationwide, including nearly 650 Vinamilk stores.
Early this month, Vinamilk and Japanese company Sojitz broke ground on a $500-million complex for raising cows and supplying beef in northern Vietnam, a project expected to advance Vietnam’s livestock industry. The project, a 49-51 joint venture between Sojitz and Vinamilk subsidiary Vilico, will cover almost 76 hectares in Tam Dao district of Vinh Phuc province bordering Hanoi.
On the Ho Chi Minh City Stock Exchange, the VNM share price hit VND74,400 ($3.16) at Wednesday's close.
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