Vinamilk

Update news Vinamilk

SCIC, board of directors battle for right to control Vinamilk

SCIC, representing the State, a major shareholder in Vinamilk, and the SCIC board of directors, representing shareholders, are in a behind-the-scenes battle for the right to manage Vinamilk, the country’s biggest dairy production company.

FPT Corp tops VN30 in revenues

 Among the top 30 largest firms in terms of capitalisation and equity, the FPT Corporation (FPT) had the top revenue, which increased by 22 per cent over 2013 to VND50.3 trillion (US$2.4 billion).

Heads of two Vietnamese dairy firms among Asia’s Power Businesswomen

 VietNamNet Bridge - This year's Forbes list includes the female leaders of two leading dairy companies of Vietnam: Mai Kieu Lien, chairman and CEO of Vinamilk, and Thai Huong, chair of TH Group.

Vinamilk plans purchase of French company

 Vinamilk (VNM) is planning to acquire a French business, aiming at expanding production and export to the European market, a source from the company said.

VN dairy producers pour money into liquid milk projects

VietNamNet Bridge – Dairy producers are planning to pour more money into liquid milk products as the powdered milk market is dominated by foreign firms.

Dairy companies magnets for foreign investors

VietNamNet Bridge – A series of merger and acquisition (M&A) deals have been made recently, which show the attractiveness of the dairy production sector.

BUSINESS IN BRIEF 30/1

Nearly 7,000 businesses established in January; TISCO to get $63.2 million to expand production; State Bank calls for lending interest rates to be lowered; Vinamilk announces export plan; 41 Vietnamese firms join billion dollar club

BUSINESS IN BRIEF 8/12

Yanmar launched joint venture on agricultural machinery; Vietnam sees eleventh petrol price cut; Customs budget revenue exceeds annual target; Local banks continue to cut interest rates; Oil import tax raised as global prices fall

Vinamilk named in top ASEAN 100

VietNamNet Bridge – The Vietnam Dairy Products Joint Stock Company (Vinamilk) is one of the five Vietnamese firms named in the Top ASEAN 100, which features the 100 most powerful and influential companies around Asia.

BUSINESS IN BRIEF 9/11

 Forbes Vietnam: Vinamilk a top 50 company; About 1,000 Vietnam brand names registered overseas; Chinese investors eye VN factories; Minister supports special zone plans; HCM City aims to complete SOE equitization by 2017

Vinamilk holds 50 percent share of liquid milk market

 The Vietnam Dairy Products Joint Stock Co. (Vinamilk) is now the largest dairy producer in Vietnam, holding half of the liquid milk market share, according to the company’s CEO Mai Kieu Lien.

BUSINESS IN BRIEF 18/10

 Spanish interested in PPP deals; Vinamilk suffers 16% fall in net profit; VN to pilot individual e-tax payment next year; Vinacco raises VND14.7 billion from IPO; Foreign retailers grow the fastest; Banking sector lacks skilled execs

BUSINESS IN BRIEF 2/10

Vinamilk expands its herd with 400 cows from Australia; Property market shows positive signal; Wood and timber exports hit US$4.41 billion; Investors return to stock market; Electric bike with iPhone link sold for $4,285; ANZ bids SSI farewell

Two VN groups among top 100 ASEAN enterprises

Vietnam-based property developer Vingroup and Vietnam Dairy Products Joint Stock Company have been listed among ASEAN enterprises’ top 100 by Standard & Poor's Ratings Services, a world leading provider of credit ratings.

BUSINESS IN BRIEF 26/8

August CPI growth hits 9-year low; PetroVietnam becomes largest Ha Noi stock; Thai investor buys Vinamilk shares; Foreign accounts rise in first seven months; Local company joins South East Asia’s largest law firm

Advertising deals surge despite downturn

VietNamNet Bridge – The advertising market has bucked the economic trend, remaining strong, with both Vietnamese and foreign advertising agencies seeing a consistent increase in the number of huge deals with large corporations.

Thai billionaire seeks controlling interest in Vinamilk

 Fraser & Neave Dairy Investments Pte Ltd, owned by Thai billionaire Charoen Sirivadhanabhakdi, has tendered an offer to acquire an additional 15 million shares of Vietnam Dairy Products Joint Stock Company (Vinamilk).

Dairy companies resume production of condensed milk

 VietNamNet Bridge – Dairy producers have stepped up production of condensed milk following a slowdown in growth from 2009 to 2014.

BUSINESS IN BRIEF 8/5

Toyota to recall 43,000 cars in Vietnam; Heightened costs cut into Vinamilk profits; Banks target growth in consumer lending; Firms plan to issue convertible bonds; Number of new firms up by more than 8%

State proposes price ceiling for milk products

The Prime Minister approved the Ministry of Finance's proposal on applying a price ceiling on milk products for children.