Giới thiệu vnm
About Vinamilk • Founded: 1976 – officially Vietnam Dairy Products Joint Stock
Company.
• Main activities: Produces, processes, and distributes dairy products such as milk,
yogurt, condensed milk, powdered milk, and ice cream. • Scale: Owns modern
factories and dairy farms across Vietnam.
• Export: Products are distributed in over 50 countries.
• Social responsibility: Focuses on sustainability, child nutrition programs, and
improving rural living standards.
Vinamilk’s Organizational Structure
• Operates as a joint stock company under a centralized parent-subsidiary model.
• Parent company: Vinamilk – controls and manages several subsidiaries in
Vietnam and abroad.
• Main subsidiaries:
• Vietnam Dairy Cow One Member Co., Ltd.
• Driftwood Dairy (USA) • Angkor Dairy (Cambodia)
• Moc Chau Milk (Vietnam) • Centralized structure advantages:
• Ensures consistent strategy, quality, and brand reputation
. • Enables efficient management, cost control, and quick decision-making
. • Supports innovation and global expansion.
• Conclusion: This structure is key to Vinamilk’s success and international growth.
Đánh giá công ty dựa trên hiện tại
Overview:
- Have 17 sustainable development’s activities, related to United Nation’s goals:
+) Eradicate poverty: provides works to more than 9.243 workers
+) Quality education: donate 200 million vnd to Nguyễn Thị Bé high school
…
- Market share in VietNam: 49,5%, high position
- Export products to more than 60 nations
- Multi- range milk’s product
This is a competent and reputable company. Moreover, its sustanability is
noticeable.
Finacial Statement’s Analyzation
- Owner Equity: 36,174 billion VND in 2024
- Fixed Assets: 55,049 billion VND in 2024
Both have an slight increase momentum.
- It has a good dividend policy, about 7% per shares from 2022 to 2024, and 4%
in 2025.
- Revenue and profit momentum is uptrend.
- P/E: 15,49 and P/B: 4.18
- Total debt to total access ratio: 0.35, that’s an ideal ratio, insure that VNM is
able to pay its debt.
- However, its ROE and ROIC have been decreased year to year, although its
high ratio: 26,55% and 20,68%
It is noticeable that VNM is a defensive company, have a large amount of
stocks’ liquidity. Additionally, it is prospective and trustable to invest, consume
its products,… because of its slow but sure development policy.
Đánh giá tương lai
1. Innovation & Sustainable Development
• Vinamilk has announced its “Care to Change” strategy, which is built around
four strategic directions: Future Generations, Better Nutrition, Customer
Experience, and a Sustainable Future.
• Aiming for Net Zero, reducing emissions, developing eco-friendly farms that
meet green standards, and using clean and renewable energy sources.
• Environmentally friendly products, including organic items, reduced-sugar,
and low-fat options — aligning with consumer trends favoring healthier
products. [Link] Expansion and Distribution System Enhancement
• Developing new factories (e.g., the Hung Yen factory), relocating or
upgrading existing facilities to improve production efficiency.
• Strengthening traditional distribution channels and recruiting young talent for
the domestic sales team.
• Expanding online sales and proprietary retail networks, such as the
“Vietnamese Milk Dream” store system, to get closer to consumers.
2. Enhancing Management Efficiency & Productivity
• Improving corporate governance, strengthening the capabilities of
subsidiaries, and optimizing the raw material value chain.
• Focusing on technology, automation, and production processes to control
costs, improve quality, and ensure food safety.
3. International Development
•Exporting or expanding into international markets is a strategic direction to
seek new growth opportunities, especially when the domestic market faces
limitations such as population size, consumer behavior, or market saturation.
• International cooperation, adherence to global quality standards, export
licenses, and certifications such as “clean label” and organic are essential
requirements to enhance international market access.