News · VnExpress

Nearly three decades of Vinamilk taking its brand abroad

The article traces nearly three decades of Vinamilk taking its brand abroad, now present in 67 countries and territories. Its first step was sending 2 containers of Dielac infant milk powder to Iraq under the UN's Oil-for-Food programme, followed by an order of 300 tonnes delivered on time in March 1997. In 2010 Vinamilk bought 19.3% of Miraka Limited in New Zealand for NZD 12.5 million, as the domestic dairy herd then met only about 30% of demand. In 2013 it invested about USD 7 million for 70% of Driftwood Dairy Holding Corporation in the US, and in 2016, with partner BPC, it opened the Angkormilk factory in Phnom Penh, Cambodia, where Vinamilk holds 51% of a USD 20 million investment.

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Original headline: Gần ba thập kỷ 'đem chuông đi đánh xứ người' của Vinamilk

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exportsmergers and acquisitionsconsumer goods

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MarketVietnam stocks
ExchangeHOSE
SectorFood & Beverage
IndustryFood Production
Market cap118,918 bn VND
P/E10.4
P/B3.45
Close on 11/02/202656.00
Change that session-1.58%
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