VIỆT NAM’S BUSINESS PIONEERS – Vinamilk

Nguyen Phuong Dung, a resident of HCM City, says her family drinks fresh milk produced by local companies. Brands such as Vinamilk, Dutch Lady, TH True Milk, Nutifood, Hanoi Milk, Ba Vi Milk, Moc Chau Milk, and Long Thanh Milk are gaining a bigger share of the domestic market. Nielsen Vietnam reports that by July 2013, the milk market was dominated by Vinamilk (48.7%), FrieslandCampina Vietnam (25.7%), and TH True Milk (7.7%). Its research concurs with other expert forecasts of a promising project for production in Vietnam. FireslandCampina Vietnam’s Legal and Corporate Affairs Manager Truong Van Toan says per capita consumption in Vietnam is still relatively low, just at 15 litres a year, compared to 21 litres in Thailand and 25–27 litres in China. Against this backdrop, several local businesses are focused on building and expanding milk factories to meet quality control, food safety and hygiene, and environmental protection standards. Vinamilk’s (Vietnam Dairy Products Joint Stock Company) My Phuoc 2 Industrial Park “super factory” in the southern province of Binh Duong, has just got off the ground, with an initial capitalization of VND2.4 billion. In the first phase of operation, it has an annual capacity of 400 million litres of milk, equal to Vinamilk’s existing nine factories combined. Production capacity is expected to grow to around 800 million litres per year in the second phase. Vinamilk Chairman and CEO Mai Kieu Lien says the factory will help Vinamilk increase its annual milk output by 10% and raise its domestic market…... [read more]

Of the 680 companies listed on the two national stock exchanges, only 5% are under management of female CEOs. Yet, the market cap of these women-led companies accounted for VND260 trillion (US$11.6 billion), 20% of Vietnam's total market capitalization. Some of the biggest firms in Vietnam, like dairy giant Vinamilk (VNM), real estate developer VinGroup (VIC), Refrigeration Electrical Engineering Corp (REE), FLC Group (FLC) and Kinh Bac City Development Share Holding Corp (KBC) are run by female CEOs. Nguyen Van Quy, an analyst of FPT Securities Co, said unlike some of their male counterparts, they were more likely to run a tight-ship, especially careful and detail-oriented in planning their business strategies. One of these outstanding female leaders, Mai Kieu Lien, has worked in the industry for almost four decades and has served as Vinamilk's CEO since 1992. "Mai Kieu Lien is one of the most powerful businesswomen. She has built a reputation for her decisiveness and care for employees and investors," Quy said. Lien has made it onto Forbes' Asia's Power Businesswomen list for several years and under her leadership, Vinamilk has recorded consistent growth in revenue and profit since listing in 2006. Vinamilk is the biggest company on Vietnam's stock market with a market cap of over $6 billion yesterday. Its shares have rallied 39% this year. "It's very hard for women to be successful in their careers in Vietnam since they are expected to take on two big positions; perhaps as a manager at company, but also as…... [read more]

Germany wants to transfer milk processing technology to Vinamilk Kieu Lien is placed 25th on the list. Born in France and educated in Moscow, Kieu Lien returned to Vietnam in 1976 and joined Southern Milk, helping to modernize the old state-run dairy collective. After privatization in 2003, she became chairwoman and has built it not only into one of Vietnam's most profitable brands, but also a respected name across Asia. On the list, 12 power businesswomen come from China, 8 from India, 5 from Singapore, 4 from the Republic of Korea, 4 from Indonesia, 3 from Japan, and 2 from Australia. In Southeast Asia, the Philippines, Thailand and Vietnam each have one representative on the list. The youngest is Ekta Kapoor, a Bollywood TV and movie producer, who is 36 years old. The oldest is Yochiko Shinohara, a 77 year-old who leads the temporary staffing industry in Japan.... [read more]

Mai Kieu Lien listed among Asia’s top 50 Power Businesswomen Vinamilk CEO wins Asia honour Forbes said Vinamilk, is the only Vietnamese representative out of the 12 companies which has “the tools to appear in the Fab 50 in the near future.” Asia’s Fab 50 includes companies chosen from a pool of 1,295 that had at least US$3 billion in annual revenue or market cap, the biweekly finance magazine said on its website. As of September 9, Vinamilk’s market cap fetched around $2.8 billion, and its revenues stood at VND15.65 trillion in July, or $750 million, a 28 percent year-on-year increase. In 2010, Vinamilk also received the Forbes Asia’s 2010 Best Enterprise award among the Top 200 best enterprises in Asia, while its CEO and chairwoman, Mai Kieu Lien, was included among the 50 noteworthy path-breakers in the list of Asia's 50 Power Businesswomen, released by Forbes last March.... [read more]

On February 18, Vinamilk Board of Presidents approved a resolution to establish its subsidiary company and named CEO Mai Kieu Lien as its legal representative in Poland. In 2013, Vinamilk expanded its overseas operation through the opening of its subsidiaries in Cambodia, New Zealand and the US. In December 2013, Vinamilk invested US$7 million in the US-based Driftwood Dairy Holding Corporation to hold its 70% stake. Driftwood Dairy specialises in producing and supplying dairy products, fruit juices and fast food. Early this year, Vinamilk contributed 51% of a US$23 million project to build dairy products processing factory in Phnom Penh, Cambodia.... [read more]

The ceremony, co-organised by the Ministry of Health, the Ministry of Industry and Trade, and the Ministry of Agriculture and Rural Development aimed to recognize superior brands that contribute to the nation’s health and domestic food and agriculture industries. At the event, Deputy Prime Minister Nguyen Xuan Phuc and Health Minister Nguyen Thi Kim Tien also named Mai Kieu Lien, the company’s CEO, as the Vietnamese entrepreneur who most contributed to the health of the nation over the past year. As one of the country's leading brands in the field of nutrition and health, Vinamilk seeks to produce the highest of quality products, satisfying the desires of Vietnamese consumers, said Lien in accepting the award. According to figures published recently by the market research firm Nielsen, Vinamilk ranks first in Vietnam in terms of sales and production in the segment group fresh milk brands.... [read more]

Hoa Phat Group, owned by Tran Dinh Long, one of the best known businessmen, is expected to havev good news to tell shareholders at the upcoming meeting. This year’s shareholders’ meeting is believed to be quite different from the last year’s dull meeting. Hoa Phat gained revenue growth rate of 8% compared with 2014 amid massive imports of Chinese low-cost steel products which caused many other steel manufacturers to suffer. With revenue of VND28 trillion, or US$1.25 billion, Hoa Phat is listed among the limited number of companies with revenue of over US$1 billion. A lot of Vietnamese businessmen nurture plans to ‘do big business’ Masan Group of Nguyen Dang Quang, one of the top 100 stock millionaires, made a big leap in 2015 with turnover soaring to VND32 trillion, or US$1.4 billion, from VND18 trillion in 2014. Masan makes money from investments in many business fields. Consumer goods alone brought VND14 trillion, while minerals brought VND2.7 trillion. The Gioi Di Dong, the largest computing device distribution chain of Nguyen Duc Tai, a newly emerging businessman, has reported revenue of VND25 trillion, or US$1.1 billion, which represents a growth rate of 62%. Vinamilk, the nation’s leading dairy producer managed by Mai Kieu Lien, is a member of the ‘billion dollar club’ for the fifth consecutive year. The company had turnover of VND36 trillion, or US$1.6 billion in 2015, higher than VND32 trillion in the year before. Like Vinamilk, Truong Gia Binh’s FPT Group, the largest information technology group, got VND38.6…... [read more]

Thanks to its correct integration policy, Vietnam has established its diplomatic relations with 187 countries out of 193 members of the UN. It has built a network of strategic partnerships with 15 countries and comprehensive partnerships with 10 countries, including 5 permanent members of the UN Security Council. At the 29th diplomatic conference, Deputy Prime Minister and Foreign Minister Pham Binh Minh told VOV “We have established relations with many countries. Over 15 years, strategic or comprehensive partnership relations have been established. Within only 5 years, an additional 8 countries became Vietnam’s strategic partners.” Vietnam’s admission to ASEAN in July 1995 was a milestone in Vietnam’s integration process. Vietnam joined the Asia-Europe Meeting (ASEM) one year later and the Asia-Pacific Economic Cooperation (APEC) in 1998. The country’s membership of the World Trade Organization (WTO) in January 2007 marked Vietnam’s full integration in international institutions. In 2015, Vietnam and other ASEAN members formed an ASEAN Community. Former UN Resident Coordinator in Vietnam, Pratibha Mehta, said at the 29th diplomatic conference “I think the integration agenda of Vietnam is very strategized and clear. It’s pursuing integration very strategically and systematically. Vietnam is globally integrated. It’s already integrated in ASEAN and has joined so many groups like APEC. It has many robust agreements. Vietnam has the peacekeeping forces and has set up peacekeeping training centers. These are every important indications of the desire to prove Vietnam’s responsibility to the world community”. Vietnam has signed 12 Free Trade Agreements (FTAs) with 56 countries. Danish…... [read more]

A. Hello and welcome to VOV. I’m Ngoc Huyen B. I’am Nhat Quynh A. New Year 2017 is approaching, just a few hours left. B. Yes, we are saying good bye to 2016. At this very important moment, what can we say about our country Vietnam in retrospect? A. Good question. Was it a difficult, but fruitful year? It should mark the achievements of Vietnam’s integration process. B. Integration connects Vietnamese people with the world community. This has been significant for Vietnam during its 30 years of renewal. A. This means we will tell the story of Vietnam’s international integration in the last broadcast of the year 2016. B. Yes. We will look back at the harsh obstacles Vietnam has faced, and the pros and cons of international integration. B. Vietnam’s international integration began in 1986 when the Communist Party of Vietnam convened a national congress and initiated the renewal policy. Over the past 3 decades, Vietnam’s integration has undergone various stages: expanded cooperation, integration into the world economy, and proactive economic and integration. A. Vietnam has moved from integrating in the region into the world, from unilateralism to multilateralism, and from economics to all areas. B. Foreign friends have been impressed by Vietnam’s expanded integration in international institutions and its bilateral and multilateral diplomacy. Coming up next a story entitled “Enhancing Vietnam’s stature in an indefinite world” by Anh Huyen. Thanks to its correct integration policy, Vietnam has established its diplomatic relations with 187 countries out of 193 members…... [read more]

The Hanoitimes - Many Vietnamese enterprises have branched out to the world and made contribution to bringing Vietnamese brands closer to international consumers. Quality improvement, joint-venturing or direct investment in constructing plants, merger & acquisition, etc. are strategies that domestic enterprises are applying to branch out to the world.Products “made in Vietnam” sold in U.S. supermarkets In late June, at the Summer Fancy Food Show (New York, United States), Vietnam Dairy Products Joint Stock Company (Vinamilk) introduced two dairy products manufactured in Vietnam, including condensed milk and creamer in the United States. Immediately after the Fair, the two products were present in supermarkets in Arizona and California State, marking a new progressive step in the plan to bring dairy products “made in Vietnam” to the world market. To be able to bring dairy products “made in Vietnam” to supermarkets in one of the world's dairy powers, Vinamilk has utilized its subsidiary company - Driftwood Dairy in California State. The acquisition of a dairy manufacturing plant in the United States (Driftwood) surprised many people because the United States is a power in manufacturing and processing dairy products with thousands of brands and fierce competition. That a dairy company of Vietnam acquires a U.S. dairy brand which has existed for hundreds of years and is suffering loss is an adventurous investment. According to the leaders of Vinamilk, the time when this Company purchased 70% of the share of Driftwood Dairy at US$ 7 million in 2013 was when this company encountered financial…... [read more]




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