Vinamilk eyes 80 trillion VND revenues by 2021
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Vinamilk eyes 80 trillion VND revenues by 2021

Economy, Vietnam, Vietnam Finance News

VNA
Sunday, July 16, 2017 – 16:53:00 Print

 

Vinamilk’s European-standard organic dairy farm in Da Lat (Photo: VNA)
Hanoi (VNA) – The
Vietnam Dairy Products Joint-Stock Company (Vinamilk) sets a goal of earning 80
trillion VND (3.52 billion USD) in total revenue in 2021, according to its General
Director Mai Kieu Lien.

Revenue from the domestic market is expected at
61 trillion VND (2.68 billion USD), making up of 75 percent of the total, while
the remaining at 19 trillion VND (866 million USD) is hoped to come from overseas
markets.

The company’s annual revenue growth rate in the
domestic market is projected at 10 percent, she said.

In 2017 only, Vinamilk targets total revenue of
51 trillion VND (2.26 billion USD), up 8 percent against the previous year and
a post-tax profit of over 9.7 trillion VND (438.6 million USD), a year-on-year
increase of 4 percent. 

To achieve the goals, Lien said the company has
given priority to enhancing milk quality by opening an organic dairy farm in Da
Lat city, the Central Highlands province of Lam Dong in the first months of
this year. 

With total investment of over 200 billion VND
(8.8 million USD), the farm has more than 500 cows in the initial stage, which
will increase in the coming time. It is also Vietnam’s first organic dairy farm
to be certificated with European standard. -VNA

QBCA

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