Singaporean firms go back on plan to buy more Vinamilk shares

Singaporean firms go back on plan to buy more Vinamilk shares

Singapore-based Platinum Victory Pte. Ltd. and F&N Dairy Investments Pte. Ltd. have failed to buy more shares of leading Vietnamese diary firm Vinamilk after registering to do so.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vinamilk looks to net zero by 2050

Vinamilk looks to net zero by 2050

Vietnam's leading dairy corporation Vinamilk has announced the Vinamilk Pathway to Dairy Net Zero 2050 project, underwhich the company will reduce its greenhouse gas (GHG) emissions by 15% in 2027 and 55% in 2035, before reaching net zero by 2050.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dairy giant Vinamilk looks to milk new growth cycle

Dairy giant Vinamilk looks to milk new growth cycle

Vietnamese dairy giant Vinamilk is poised to transform itself and reverse the slowdown it has experienced in recent years despite continued domination of the domestic market.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan's Sojitz wholly acquires Vietnam's food wholesaler New Viet Dairy

Japan's Sojitz wholly acquires Vietnam's food wholesaler New Viet Dairy

Japan’s multi-sector business Sojitz Corporation and its subsidiaries Sojitz Asia Pte. Ltd. and Sojitz Vietnam Company Ltd. have acquired the full ownership at Dai Tan Viet JSC (New Viet Dairy), a major food wholesaler in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

TH Group plans four hi-tech agri projects in central Vietnam

TH Group plans four hi-tech agri projects in central Vietnam

TH Group JSC, a leading Vietnamese dairy firm, has received approval to invest VND2,253 billion ($94.6 million) in four projects in Thanh Hoa province’s Thuong Xuan district.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Two Korean-Thai dairy products make Vietnam debut

Two Korean-Thai dairy products make Vietnam debut

Two food supplements made by a collaboration of leading South Korean confectioner Orion and Thailand’s top dairy firm Dutch Mill have made their debut in Vietnam’s dairy market.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam dairy firm IDP eyes $26 mln share sale to Singapore stakeholder

Vietnam dairy firm IDP eyes $26 mln share sale to Singapore stakeholder

Vietnam’s International Dairy Products JSC (IDP) expects to sell more than 2.4 million shares over the next few months to Singapore’s Daytona Investments Pte. Ltd. for almost VND611 billion ($26 million).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese dairy firm IDP dissolves real estate subsidiary

Vietnamese dairy firm IDP dissolves real estate subsidiary

International Dairy Products JSC (IDP), a Vietnamese dairy company, has announced the dissolution of its subsidiary Green Light Investment JSC to restructure its investment portfolio.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vinamilk targets 5.5% revenue growth in 2023

Vinamilk targets 5.5% revenue growth in 2023

Vietnam’s largest dairy manufacturer Vinamilk is targeting VND63.38 trillion ($2.7 billion) in consolidated revenue for 2023, a year-on-year increase of 5.5%, said CEO Mai Kieu Lien.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore’s Growtheum to invest $100 mln in Vietnam dairy firm IDP

Singapore’s Growtheum to invest $100 mln in Vietnam dairy firm IDP

Growtheum Capital Partners has agreed to pay around $100 million for a stake in Vietnam’s International Dairy Products JSC (IDP) as the Singapore-based private equity firm looks to tap the region’s growing dairy market.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan milk producer Morinaga spends $4.5 mln on acquiring Vietnam distributor

Japan milk producer Morinaga spends $4.5 mln on acquiring Vietnam distributor

Morinaga Milk Industry Company, a popular Japanese formula milk producer, has spent VND105.98 billion ($4.5 million) on acquiring a 51% stake of Morinaga Le May Vietnam JSC, a major distributor of Japanese goods in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Leading dairy firm Vinamilk's 2022 profit falls 19% to $366 mln

Leading dairy firm Vinamilk's 2022 profit falls 19% to $366 mln

Post-tax profit of Vinamilk, Vietnam’s leading dairy producer, dropped 19.3% year-on-year to VND8,578 billion ($365.8 million) in 2022, fulfilling 88% of its target.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam becomes attractive powder milk market for South Korea

Vietnam becomes attractive powder milk market for South Korea

Vietnam is becoming a more and more attractive power milk market for South Korea and the export revenue for Korean firms could exceed $20 million in 2023, South Korean media reported.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese consumers seek out low-sugar products

Vietnamese consumers seek out low-sugar products

Vietnamese people are paying greater attention to low-sugar products, with 1.55 million discussions on social media in 2020-2022, according to a report by Kompa, a local social listening firm.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Highlands province inaugurates 20-mln-liter milk factory

Central Highlands province inaugurates 20-mln-liter milk factory

The Central Highlands province of Lam Dong inaugurated Thursday the VPMilk Eco Farm milk factory with an annual processing capacity of 20 million liters, the fifth in the province.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vinamilk sixth most valuable dairy brand in the world

Vinamilk sixth most valuable dairy brand in the world

Vinamilk, Vietnam’s leading dairy manufacturer, has reached a new milestone by ranking sixth among the world's top 10 most valuable dairy brands identified by Brand Finance.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vinamilk to build 14th dairy plant in Hung Yen

Vinamilk to build 14th dairy plant in Hung Yen

Vinamilk, Vietnam’s largest dairy company, will begin construction of a VND4,600 billion ($196 million) dairy factory in the northern province of Hung Yen in late December.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese dairy firm IDP to milk real estate sector

Vietnamese dairy firm IDP to milk real estate sector

International Dairy Products JSC, a Vietnamese dairy company, has spent VND500 billion ($21.3 million) on setting up a real estate consulting and trading company.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vinamilk after-tax profit drops 6 quarters in a row

Vinamilk after-tax profit drops 6 quarters in a row

Vinamilk, Vietnam’s largest dairy company, recorded an after-tax profit of VND2,102 billion ($90 million) in the second quarter of 2022, down 26.5% year-on-year, as inflation impacted purchasing power and prices of input materials surged.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vinamilk builds dairy complex in northern Vietnam

Vinamilk builds dairy complex in northern Vietnam

Vietnam’s largest dairy company Vinamilk and its subsidiary Moc Chau Dairy Cattle Breeding JSC have commenced construction of a major dairy complex on Moc Chau Plateau, northern Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vinamilk's pre-tax profit likely to drop for 2nd year in a row

Vinamilk's pre-tax profit likely to drop for 2nd year in a row

Vietnam’s leading dairy company Vinamilk estimates its profit before tax this year might drop 7% year-on-year to VND12 trillion ($525 million), after a 1% decrease in 2021.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7