Vinamilk, Vietnam's largest dairy producer and on the waiting list to becoming Asia’s 50 best public traded companies in the Asia-Pacific region, is building two dairy processing factories in the southern province of Binh Duong which will be operated by robots.
The Hanoitimes - Vinamilk, Vietnam's largest dairy producer and on the waiting list to becoming Asia’s 50 best public traded companies in the Asia-Pacific region, is building two dairy processing factories in the southern province of Binh Duong which will be operated by robots.
Vinamilk said that as it is striving to become one of amongst the top 50 largest dairy enterprises in the world with turnover of 3 billion USD in 2017, the company must construct factories whose operations are hi-tech. Currently Vinamilk is standing at 53rd position in the globe.
The total investment for the milk processing factory will be around 4 trillion USD (nearly $200 million). In the first phase, the factory will produce 400 million litres of milk in a year and in the second phase it will produce 800 million litres.
The second factory will make formula Dielac, producing 54,000 tons a year.
According to Vinamilk, the company revenues in the first nine months stood at 21 trillion VND ($1 billion) a 25 percent year-on-year increase. Profits before tax were 4 trillion VND, a 35 percent year-on-year increase. In 2012, it is estimated that Vinamilk’s turnover will be around 26,500 billion VND.
In 2010, Vinamilk also received the Forbes Asia 2010 Best Enterprise Award among Top 200 Best Enterprises in Asia, while its CEO and chairwoman, Mai Kieu Lien, was among the 50 path-breakers on the list of
In related news, the food processing company VISSAN opened its 98th convenience food store in the country, as part of its strategy to expand in the domestic market.
Other News
- Vietnam news in brief - December 22
- Memories and Faith" features war memorabilia
- Vietnam news in brief - December 21
- Vietnam Days Abroad: Projecting Vietnam in Latin America and the Middle East
- Vietnam news in brief - December 20
- Vietnam news in brief - December 19
- Hanoi boosts health screenings amid DR Congo malaria outbreak
- Vietnam news in brief - December 18
- Vietnam news in brief - December 17
- Vietnam news in brief - December 16
Trending
-
Hanoi holds grand ceremony for 80th anniversary of Vietnam People's Army
-
Vietnam news in brief - December 22
-
Wandering around Hoan Kiem District via young singer's music video
-
Vietnam Defense Expo 2024 secures $286.3 million in deals
-
Memories and Faith" features war memorabilia
-
Smart solutions - Key for Hanoi tourism in 2025
-
HABECO – The spirit of Vietnam rising
-
Bia Ha Noi brings you golden luck in Lunar New Year
-
Quintessence of Tonkin: Modern approach to experiencing Vietnamese culture