Vietnam’s oldest dairy firm Moc Chau okayed to list shares on main bourse
Moc Chau Dairy Cow Breed JSC, popularly known as Moc Chau Milk, has received approval from the Ho Chi Minh Stock Exchange (HoSE) to float 110 million shares on the bourse.
A cow herd of Moc Chau Milk resting on the Moc Chau plateau, Son La district, northern Vietnam. Photo courtesy of the company.
The approval was given last Friday, after the firm filed an application in September 2023.
Moc Chau Milk started trading on the Unlisted Public Company Market (UPCom) as MCM in December 2020.
MCM closed on Tuesday at the upper band of VND50,000 ($1.96) apiece, with 2.34 million shares changing hands. At this price, the firm has a market cap of VND5.5 trillion ($216 million).
Vietnam Livestock Corporation JSC, or Vilico (UPCoM: VLC) now controls a 59.3% stake in Moc Chau Milk, while Vietnam Dairy Products JSC, aka Vinamilk (HoSE: VNM), holds 8.85%. Vinamilk owns nearly 69% in Vilico.
Mai Kieu Lien, CEO of Vinamilk, the largest dairy firm in Vietnam by market value, is chairperson of Moc Chau Milk.
Established in 1958 under the army, Moc Chau Milk produces fresh milk, yogurt, and other dairy products. Researchers with brokerage house SSI have estimated that Moc Chau Milk commands a 2.7% share of Vietnam’s dairy market.
Moc Chau Milk earned a net profit of VND374.42 billion ($17.7 million) on revenue of VND3,135.4 billion last year, up 8% and 0.1% year-on-year, respectively.
In Q1/2024, the dairy firm made a net profit of VND49.95 billion ($1.96 million) on revenue of VND625.4 billion, down 50.7% and 14.8% year-on-year, respectively. Its total assets stood at VND2,605.3 billion ($102.3 million) at end-March, unchanged from end-2023.
For this year, Moc Chau Milk is aiming for a net profit of VND332 billion ($13 million) and revenue of VND3,367 billion, down 11% but up 7% from 2023, respectively.
- Related News
- Read More
Vietnam welcomes US investment in energy, technology, telecom infrastructure: Prime Minister
Vietnam will create the most favorable conditions and accelerate reforms to help U.S. businesses expand and succeed in the country, Prime Minister Le Minh Hung said during a Thursday meeting with 52 leading American companies.
Economy - Sat, April 18, 2026 | 3:12 pm GMT+7
Sun Group proposes $1.1 bln administrative hub project in Ho Chi Minh City
A unit of Vietnam's leading real estate developer Sun Group has proposed a nearly VND29.59 trillion ($1.12 billion) investment to develop a new administrative center and central square in Ho Chi Minh City's Thu Thiem new urban area, marking one of the most ambitious urban governance projects in the metropolis in recent years.
Real Estate - Sat, April 18, 2026 | 12:44 pm GMT+7
Moc Chau Milk's Q1 profit jumps 68% as margin gains signal strong start to 2026
Moc Chau Milk (HoSE: MCM), the oldest dairy firm in Vietnam, reported a sharp rebound in profitability in the first quarter of 2026, with net profit rising 67.7% year-on-year to VND80.1 billion ($3.04 million), driven by improved margins and stronger core operations.
Companies - Sat, April 18, 2026 | 10:07 am GMT+7
Firms with hundreds of thousands of shareholders signal strong expansion of Vietnam’s stock market
A sharp rise in investor participation is not only reflected in a surge of new brokerage accounts, but also in the rapidly expanding shareholder bases of listed companies.
Finance - Sat, April 18, 2026 | 8:00 am GMT+7
Gemadept, CMA CGM start work on phase 2 of flagship port in HCMC
Vietnam’s leading port and logistics operator Gemadept (HoSE: GMD) and its strategic French partner CMA CGM have broken ground on phase two of the Gemalink deep-water port in Ho Chi Minh City, as cargo volumes and vessel sizes continue to expand.
Infrastructure - Fri, April 17, 2026 | 9:14 pm GMT+7
Hoang Anh Gia Lai Group to pay cash dividends only, plans to downsize charter capital
Hoang Anh Gia Lai (HoSE: HAGL) will not issue new shares and plans to buy back shares to reduce its charter capital to VND9 trillion ($341.77 million), chairman Doan Nguyen Duc said, adding the company will only pay dividends in cash going forward.
Companies - Fri, April 17, 2026 | 3:44 pm GMT+7
NovaGroup names Bui Cao Nhat Quan as chairman in leadership transition
Vietnam’s NovaGroup, which operates in real estate development, tourism and entertainment, has appointed Bui Cao Nhat Quan as chairman, succeeding his father Bui Thanh Nhon, as part of a broader leadership reshuffle aimed at supporting its restructuring and next growth phase.
Companies - Fri, April 17, 2026 | 2:09 pm GMT+7
FPT signs multi-million-dollar AI deal with global materials group
FPT Corporation, a leading technology company, has signed a contract worth tens of millions of U.S. dollars with a leading global materials manufacturer, marking a new step in its strategy to expand AI services in Europe.
Companies - Fri, April 17, 2026 | 1:19 pm GMT+7
Masan High-Tech Materials bets on tungsten rally to deliver up to $95 mln profit in 2026
Masan High-Tech Materials (UPCoM: MSR), a leading industrial mineral producer in Vietnam, is positioning for a sharp earnings rebound in 2026 as surging tungsten prices, driven by AI demand and tightening global supply, reshape the outlook for one of the world’s largest tungsten producers outside China.
Companies - Fri, April 17, 2026 | 7:36 am GMT+7
FPT chairman says company undergoing strong 'rebirth'
FPT Corporation (HoSE: FPT), a leading technology firm in Vietnam, is undergoing a strong “rebirth” as it positions to master core technologies and compete with leading global digital transformation and artificial intelligence firms within the next decade, chairman Truong Gia Binh said on Thursday.
Companies - Fri, April 17, 2026 | 7:31 am GMT+7
Energy, high-tech industries key pillars of future Vietnam-US cooperation: deputy minister
Energy security, anchored by LNG and renewable energy, alongside high-tech industry development, digital infrastructure, e-commerce, logistics, healthcare, agriculture, and market management will form the backbone of future cooperation between Vietnam and the U.S.
Economy - Thu, April 16, 2026 | 5:11 pm GMT+7
HCMC seeks IFC support for capital markets, green finance, fintech development
Ho Chi Minh City has called on the International Finance Corporation (IFC) to provide policy advisory support and share international experience in developing capital markets, green finance, fintech, and digital infrastructure to help operate the Vietnam International Financial Center in the city.
Finance - Thu, April 16, 2026 | 4:50 pm GMT+7
Southern Vietnam province fines several foreign firms for investment compliance breaches
Authorities in Dong Nai province have imposed administrative penalties on several foreign-invested companies, underscoring a broader push to tighten investment oversight in one of Vietnam's key industrial hubs.
Companies - Thu, April 16, 2026 | 4:36 pm GMT+7
Quang Ngai Sugar bets on biofuel, accelerates $65 mln ethanol project
Quang Ngai Sugar JSC (QNS) is accelerating development of a VND1.7 trillion ($64.57 million) ethanol plant as it positions for Vietnam’s planned transition to E10 biofuel from 2028.
Industries - Thu, April 16, 2026 | 3:25 pm GMT+7
Vietnam poised for double-digit growth on boom of new industries, reforms: Standard Chartered exec
With breakthrough reforms and strong digital transformation, a double-digit growth scenario in peak years is entirely achievable for Vietnam, said Standard Chartered Vietnam CEO Nguyen Thuy Hanh on sidelines of the “40 years of reform: The leading role of economic groups” conference organized by The Investor on Monday.
Executive Talk - Thu, April 16, 2026 | 11:56 am GMT+7
Vietnam textile-garment industry remains cautious despite order recovery
Vietnam’s textile and garment industry is targeting $50 billion in export turnover in 2026, but rising costs driven by U.S. tariff shifts and geopolitical tensions in the Middle East are keeping businesses cautious, even as orders show signs of recovery.
Economy - Thu, April 16, 2026 | 11:38 am GMT+7
