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 Asia's 50 Most Powerful Businesswomen. Two months later she also appeared o­n the list of best CEO’s in Asia as compiled by the Hong Kong-based Corporate Governance Asia Journal.

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.