Vinamilk sixth among global milk brands
Vinamilk, Vietnam’s largest dairy firm, 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.

The Vietnamese state currenly holds a 36% stake in Vinamilk. Photo courtesy of the company.
According to the world's leading brand valuation company Brand Finance, the five milk brands ahead of Vinamilk in order are: Yili (China, $10.59 billion); Danone (France, $7.86 billion); Mengniu (China, $5.53 billion); Arla (Denmark, $3.53 billion); and Amul (India, $3.26 billion).
Vinamilk is also placed 24th among the top 100 most valuable and strongest food, dairy and non-alcoholic beverage brands.
For this year's "Food and Beverage" report, the UK-based Brand Finance assessed more than 5,000 brands in 29 sectors in 39 countries, looking at factors like impact of brands, reputation, investment in brands, financial data and market surveys.
According to the "Brand Footprint" 2022 report released July 4 by London-based market research firm Kantar Group, Vinamilk has three outstanding features: the milk brand most chosen by consumers; top 3 producer of fast moving consumer goods (FMCG) most chosen by consumers; and its Ong Tho and Southern Star voted the most chosen brands in the category of sweetened condensed milk.
In 2022, the corporation, in which the state holds a 30% stake, entered Forbes Vietnam's list of 50 best listed companies for the 10th time in a row.
Vinamilk 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.
The company, listed on the Ho Chi Minh Stock Exchange (HoSE) as VNM, saw profit decline for six quarters in a row.
Its net revenue hit VND14,930 billion ($639 million) in the period, down 5%.
In the first half of the year, the dairy firm's consolidated revenue and after-tax profit reached VND28,808 billion ($1.23 billion) and VND4,386 billion ($187.8 million), almost flat and down 20% compared to the same period last year, respectively.
Last year, Vinamilk invested heavily in the Vietnamese Dairy Dream chain, opening 120 new stores and bringing the total number of stores to nearly 600, according to the company's annual report.
It is currently one of 40 largest dairy companies in the world in terms of revenue with a system of 17 factories and 15 domestic and foreign farms, its website says. Its products are present in 57 countries, with many exported to leading markets like the U.S., Japan and South Korea.
In 2022, Vinamilk has set a revenue target of VND64,000 billion ($2.73 billion). It continues to make new investments including a farm complex in Laos, Milk Paradise in Moc Chau district, Son La province, and a dairy factory in Hung Yen province. It is also cooperating with major partners like Japan's Sojitz Corporation and the Philippines' Del Monte to bolster growth.
At the HoSE’s closing session on August 19, Vinamilk’s VNM share price was VND74,400 ($3.18).
- Read More
Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects
Vietnam's leading private conglomerate Vingroup is seeking the government's permission to develop seven renewable energy projects worth $20-25 billion and a $5.5 billion LNG-fired power project from 2025-2030.
Energy - Fri, March 28, 2025 | 1:09 pm GMT+7
While the buzz around a market upgrade is back, who is this milestone for?
A key issue for the Vietnamese stock market is the underdevelopment of the institutional investor base. The dominance of retail investors can create heightened volatility, which, in turn, reduces the incentive for high-quality companies to list on the stock exchange, writes Gary Harron, head of securities services at HSBC Vietnam.
Consulting - Fri, March 28, 2025 | 10:31 am GMT+7
Vietnam's private lender VIB seeks strategic shareholders: chairman
Vietnam International Bank's (VIB) board of directors is now in discussions with banks and investment funds to find suitable partners for the lender, ensuring a mutually beneficial partnership that goes beyond finance.
Banking - Fri, March 28, 2025 | 8:31 am GMT+7
Vietnam tech giant FPT opens semiconductor R&D center in central Vietnam
Vietnam’s leading tech group FPT on Thursday inaugurated its high-tech and semiconductor R&D center at the Danang Software Park No. 2 in the central city of Danang.
Industries - Fri, March 28, 2025 | 8:00 am GMT+7
HCMC's international financial center development to be phased out: city leader
Ho Chi Minh City aims to become an international financial center, with related development plan divided into three phases, said Vo Van Hoan, its Vice Chairman.
Economy - Thu, March 27, 2025 | 11:11 pm GMT+7
Car producers in Thailand postpone export models
Car manufacturers in Thailand have decided to delay making some models for export due to U.S. President Donald Trump's new tariff policy.
Southeast Asia - Thu, March 27, 2025 | 10:17 pm GMT+7
Indonesia approves $7 bln budget for food security in 2025
Indonesia’s Ministry of Finance on Wednesday announced that the government has approved a budget of IRD118 trillion ($7.1 billion) for food security programs in 2025.
Southeast Asia - Thu, March 27, 2025 | 10:14 pm GMT+7
Honda Vietnam rolls out first domestically produced electric scooter
Honda Vietnam has officially launched its first domestically produced electric scooter, the ICON e:, marking a significant step in the company’s electrification and sustainable mobility strategy in Vietnam.
Southeast Asia - Thu, March 27, 2025 | 10:09 pm GMT+7
Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030
The seaport system in the central Vietnam province of Quang Ngai will need about VND10.83 trillion ($423.54 million) in investment by 2030, according to the detailed 2021-2030 development plan for local seaport land and water areas, with a vision to 2050.
Southeast Asia - Thu, March 27, 2025 | 10:06 pm GMT+7
Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant
Hoa Phat Group, Vietnam’s top steelmaker, targets a record-high revenue in 2025, driven by the expected partial operation of a steel and iron complex in the central region this year.
Companies - Thu, March 27, 2025 | 8:10 pm GMT+7
Offshore wind power developer CIP seeks long-term cooperation with Vietnam
Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, is seeking to reach long-term cooperation with Vietnamese businesses in the offshore wind power sector.
Energy - Thu, March 27, 2025 | 4:16 pm GMT+7
Vietnam giant VinFast moves to expand EV service in Philippines
VinFast, Vietnam’s largest electric vehicle (EV) manufacturer, has partnered with MGA.414 Corporation, the operator of the JIGA automotive service chain, to expand its EV service network in the Philippines.
Southeast Asia - Thu, March 27, 2025 | 3:48 pm GMT+7
Vietnam's MobiFone officially launches 5G services
MobiFone, one of Vietnam’s leading telecommunications providers, has officially commercialized its 5G services, becoming the third network operator in the country to do so.
Southeast Asia - Thu, March 27, 2025 | 3:45 pm GMT+7
Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province
Vietnamese automaker Thanh Cong Group officially inaugurated its Thanh Cong Viet Hung automobile manufacturing plant on Wednesday at the Viet Hung Industrial Park in the northern province of Quang Ninh.
Southeast Asia - Thu, March 27, 2025 | 3:32 pm GMT+7
Vietnam willing to open doors to US agricultural products: minister
Vietnam is actively preparing to open its market to U.S. agricultural products such as tangerine, plum, and lemon, Vietnamese Minister of Agriculture and Environment Do Duc Duy said on Wednesday.
Economy - Thu, March 27, 2025 | 3:08 pm GMT+7
S Korea chaebol Lotte eyes hypermarket in northern Vietnam
South Korean conglomerate Lotte is eyeing projects in Thai Nguyen province, an industrial hub in northern Vietnam, firstly a hypermarket.
Industries - Thu, March 27, 2025 | 12:15 pm GMT+7