Circular economy helps businesses optimize value chains: Vinamilk executive
Developing circular economy is critical to businesses as it helps them optimize their value chains, says an executive from Vinamilk, the largest dairy company in Vietnam.

Banner advertisement of a Vinamilk organic dairy farm. Photo courtesy of the company.
Nguyen Quoc Khanh, executive director of research & development at Vinamilk, shared the view in a talk with The Investor.
The EU defines that a circular economy aims to maintain the value of products, materials and resources for as long as possible by returning them into the product cycle at the end of their use, while minimising the generation of waste. The fewer products we discard, the fewer materials we extract, the better our environment is, according to him.
Khanh said Vinamilk's circular economy and value chain development started from investing in environmentally friendly technology, minimizing the amount of raw materials used, and harmonizing benefits with other stakeholders…to R&D and sustainable livestock farming and clean production. Vinamilk's factories do not use BO oil and FO oil-fired boilers, reduce waste, and optimize value chains.

Nguyen Quoc Khanh, executive director of research & development at Vinamilk. Photo by The Investor/Trong Hieu.
He also emphasized the importance of applying AI technology in the goods distribution process, minimizing excess costs and energy used inefficiently during the distribution process.
Regarding waste management, Vinamilk has always been looking for solutions to minimize adverse impacts on the environment and effectively use resources to minimize waste discharged into the environment, Khanh said, citing that all of the company’s waste is classified, collected and delivered to contractors for transportation and treatment and 100% of wastewater from production activities meets standards before being discharged into the environment.
In addition, the biogas system is used in Vinamilk farms, thus reducing emissions and greenhouse gases into the environment.
Thanks to these efforts, Vinamilk has reduced the amount of plastic used by 9% and saved 968,412 kg of plastic materials.
However, in the implementation process, the Vinamilk official said the firm still faced a lot of difficulties such as high costs, consumers refusing to pay additional costs if any, and an incomplete optimization process for application of circular economy.
Therefore, the company recommends authorities increase activities to raise awareness of circular economy, especially among children. The government should promptly issue green policies and specific regulations to promote circular economy development.
Vinamilk is promoting communication campaigns for consumers’ increasing awareness of environmental protection, reducing the demand for plastic packaging, and coordinating with other parties to improve the capacity of collecting and recycling plastic packaging, according to Khanh.
In addition to the farms owned by Vinamilk, linked farms and farmer households will be encouraged to apply the circular economy model, he added.
Vinamilk, listed on the HCM Securities Exchange (HoSE) as VNM, has a brand value of $2.8 billion, up 18% over 2021, and ranks sixth among the top 10 most valuable milk brands in the world, according to the world's leading brand valuation company Brand Finance.
It has also been placed 24th among the top 100 most valuable and strongest food, dairy and non-alcoholic beverage brands.
In the first half of the year, the dairy firm's consolidated revenue and after-tax profit reached VND28.8 trillion ($1.23 billion) and VND4.38 trillion ($187.8 million), almost flat and down 20% compared to the same period last year, respectively.
- Read More
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7