Vinamilk sets new record revenue this year

16:49 | 08/04/2024 Vietnamese Brands Follow Ven.vn on

The largest dairy company in Việt Nam targets a revenue of more than VNĐ63.16 trillion (US$2.5 billion) this year.

Customers purchase Vinamilk products at a supermarket in Hà Đông District, Hà Nội. — VNS photo: Ly Ly Cao

HÀ NỘI — Vinamilk said it will seek shareholder approval for its ambitious business plan for 2024 at the Annual General Shareholders' Meeting, scheduled to take place on April 25.

The largest dairy company in Việt Nam targets a revenue of more than VNĐ63.16 trillion (US$2.5 billion) this year and a after-tax profit of nearly VNĐ9.4 trillion, up 4.4 per cent and 4 per cent year-on-year, respectively.

If successful, Vinamilk will surpass its previous record revenue achieved in 2021 and positive profit growth for the second year in a row.

Last year, Vinamilk exceeded over 95 per cent of its annual revenue target, reaching nearly VNĐ60.5 trillion. The after-tax profit also saw a 5 per cent year-on-year rise, surpassing the set goal by 5 per cent to reach over VNĐ9 trillion.

The company plans to propose a cash dividend plan of 38.5 per cent for 2023. They have already disbursed interim dividends totalling more than VNĐ6.06 trillion, equivalent to 29 per cent of the total dividends.

The final dividend instalment will be 9.5 per cent per share, requiring an additional allocation of nearly VNĐ2 trillion.

The specific dates for registration and payment will be determined by the Board of Directors, within a timeframe of six months from April 25.

It also plans to maintain a dividend rate of 38.5 per cent for 2024. Over VNĐ8 trillion will be allocated for dividend payments, representing about 95 per cent of the projected 2024 profit.

The State Capital Investment Corporation (SCIC), holding a 36 per cent stake, is expected to receive nearly VNĐ2.9 trillion. The F&N Group, with a 20.4 per cent stake, is expected to receive more than VNĐ1.6 trillion, while Platinum Victory Pte. Ltd, a major foreign shareholder with a 10.62 per cent stake, will receive around VNĐ855 billion.

On the stock market, shares of Vinamilk are traded at VNĐ67,500 per share at 9:50 (local time) on Monday morning.

Source: vietnamnews.vn

See more news

Vietnamese products rise from villages to global markets

20:26 | 01/03/2025 Vietnamese Brands

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

Quang Nam to urgently complete project on developing Ngoc Linh ginseng

09:38 | 25/02/2025 Vietnamese Brands

(VEN) - Considered the “Hidden medicinal plant” of the Xo Dang ethnic group on the Ngoc Linh mountain peak of Quang Nam and Kon Tum provinces, Ngoc Linh ginseng has become an important livelihood to help ethnic minorities escape poverty.

Vietnamese OCOP products gain global recognition

17:09 | 24/02/2025 Vietnamese Brands

According to the Central Coordination Office for New-style Rural Development, 48 out of 79 5-star OCOP products, equivalent to 60.7%, have successfully entered high-standard markets such as the US, Europe, and Japan.

Vietnamese goods gain competitive edge in Dutch market

16:44 | 24/02/2025 Vietnamese Brands

Trade Counsellor Vo Thi Ngoc Diep noted that the Netherlands is currently Vietnam’s largest European investor and second-largest export market. Conversely, Vietnam is one of the Netherlands' top Asian trading partners and among its 20 largest goods suppliers.

Decoding Imexpharm's high growth momentum in 2025

09:00 | 20/02/2025 Vietnamese Brands

The long-term growth prospects of Vietnamese pharmaceutical companies are on the rise as they establish their position in the high-tech product segment, competing in both domestic and international markets.

Vietnamese businesses to join world's leading beverage trade fair in Germany

15:25 | 19/02/2025 Vietnamese Brands

Through Drinktec, the Vietnamese beverage industry can update digital techniques and technologies as well as green and circular technology transformations, while strengthening connections with partners and expanding the markets.

Vietnam promotes organic agricultural product trade at world's leading fair

21:40 | 12/02/2025 Vietnamese Brands

Last year, Vietnam-Germany trade volume reached 11.7 billion USD, with Vietnam exporting 7.43 billion USD worth of products, making it Germany’s largest trading partner in ASEAN.

Hanoi’s craft villages to make entry into global creative network

17:10 | 10/02/2025 Vietnamese Brands

This achievement reinforces Hanoi’s position on the world cultural map while opening new opportunities for the villages to enhance their competitive edge, preserve traditional values, expand market reach, bolster international cultural exchange, and foster sustainable development.

Vietnam Coffee Roasting Competition 2025 launched

10:54 | 09/02/2025 Vietnamese Brands

The Vietnam Coffee Roasting Competition 2025 has officially been launched to find and honour high-quality coffee beans while affirming the value and potential of Vietnamese coffee in the international market.

Nearly 60 Vietnamese enterprises participate in Ambiente Frankfurt 2025

10:50 | 09/02/2025 Vietnamese Brands

Roughly 60 Vietnamese enterprises are showcasing their range of products at Ambiente 2025, a world-renowned exhibition fair on consumer goods and gifts, which opened in Frankfurt, Germany on February

Latest Most Read

Digitization key to tourism breakthroughs

09:15 | 24/04/2025 Tourism

(VEN) - The increasing competitive pressure is forcing businesses in the tourism industry to innovate their business models and enhance service quality to keep up with current trends, focusing on key criteria, such as safety, personalized experiences, and technological convenience.

Vietnam steadily marches into new era of growth

16:35 | 21/04/2025 Society

(VEN) - Half a century has passed since the historic moment of April 30, 1975, when Vietnam was reunified. The nation, united in joy, is steadily marching into a new era of growth with national aspiration.

Petrovietnam: New milestone - New vision for sustainable development

16:21 | 21/04/2025 Vietnamese Brands

Workers proactively enhance productivity in new era

15:32 | 21/04/2025 Society

(VEN) - In the context of a rapidly transforming economy driven by the 4th Industrial Revolution, improving labor productivity is not only an urgent requirement for every business, but also a personal responsibility for each worker.

Party chief attends grand art performance celebrating national reunification

15:25 | 21/04/2025 News and Events

Party General Secretary To lam, who is also Secretary of the Central Military Commission, attended a grand art performance programme held in Ho Chi Minh City in the evening of April 20 as part of nationwide celebrations marking the 50th anniversary of the liberation of the south and national reunification (April 30, 1975 – 2025).

Deputy PM calls for elevating Vietnam-Uzbekistan relations

10:22 | 08/04/2025 Cooperation

Vietnamese Deputy Prime Minister Tran Hong Ha held talks with his Uzbekistani counterpart Jamshid Khodjaev in Tashkent on April 7, calling for the two countries to maximise their potential and deepen bilateral ties in line with their people’s interests and aspirations, contributing to regional and global peace, cooperation, and development.

Vietnam to seek US tariff postponement to serve negotiations

10:29 | 08/04/2025 News and Events

Prime Minister Pham Minh Chinh chaired a meeting with ministries and sectors on late April 7 to discuss the development of balanced and sustainable trade with the US.

Vietnam’s wood exports surge in early 2025, but face mounting headwinds

11:29 | 08/04/2025 Trade

Generating tens of billions of dollars in export revenue, Vietnam’s wood industry is now bracing for a tariff storm, as the United States is set to impose a 46% reciprocal tariff on Vietnamese goods.

Vietnam takes swift, proactive actions in response to new US tariff policy

16:49 | 08/04/2025 Policy

Since April 3, right after US President Donald Trump’s announcement, Party and State leaders have engaged in various meetings, working sessions, and phone calls to discuss and find solutions to remove the tariff barriers imposed by the US government, and ensure the harmonisation of interests for both sides.

Symposium seeks solutions for Vietnamese rice amidst market challenges

16:56 | 08/04/2025 Economy

Vietnam aims to improve the quality and value of export rice by reducing the proportion of low and medium-grade white rice while increasing the share of aromatic, Japonica, and specialty rice varieties.

Multimedia

Video Longform Infographic Photo

Proposed names for 34 provincial-level administrative units after mergers

16:42 | 16/04/2025 Infographic

On behalf of the Party Central Committee, on 12 April 2025, Party General Secretary To Lam signed and issued Resolution No. 60-NQ/TW of the 11th plenum of the 13th Party Central Committee. The Central Committee agreed on a policy to restructure provincial-level administrative units across the country, reducing the total to 34 units, comprising 28 provinces and 6 centrally governed cities.

Vietnam-China Comprehensive Strategic Cooperative Partnership

15:55 | 14/04/2025 Infographic

General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping is paying a State visit to Vietnam from April 14-15. This marks his fourth State visit to Vietnam as General Secretary and President of China, and his second visit within the same term. The visit coincides with the 75th anniversary of diplomatic relations between the two countries. It aims to strengthen the Vietnam-China Comprehensive Strategic Cooperative Partnership and elevate bilateral ties to a new height.

Vietnam's economy thrives in Q1 2025

16:45 | 12/04/2025 Infographic

In the first quarter of 2025, Vietnam’s economy showed signs of recovery, with several key indicators recording strong growth despite ongoing global uncertainties.

Infographic: Gold prices fluctuate following US retaliatory tariff announcement

21:45 | 04/04/2025 Infographic

On April 4, global gold prices fluctuated significantly, trading at 3,085 USD per ounce after US President Donald Trump announced new retaliatory tariffs on goods from different countries. In the domestic market, SJC gold bars and rings both saw a decline, trading at 101.3 million VND and 101.2 million VND per tael respectively.

Seven key missions of the National Data Association

20:07 | 30/03/2025 Infographic

The National Data Association has made its official debut and successfully held the 1st National Congress (2025-2030 term)in Hanoi recently.

Policy

14th National Party Congress’s draft documents more revolutionary, action-oriented, highly feasible: PM

16:31 | 16/04/2025 Policy

In the political repor, along with adding the learned lessons and forecasting the context and situation, it highlights the following viewpoints: ensuring development for stability, and stability for rapid and sustainable development of the country; promoting the comprehensive building and improvement of institutional frameworks for fast and sustainable development; addressing bottlenecks and obstacles in a timely and decisive manner; and unlocking all resources and mobilising all drivers of growth.

Party chief requires no disruptions to operations throughout restructuring process

16:12 | 14/04/2025 Policy

Party General Secretary To Lam noted that priority will be given to finalising guiding documents, amending the 2013 Constitution, and improving legal institutions and regulations to establish a robust legal framework for effective organisational apparatus streamlining.

District-level local governments to cease operations from July 1: draft law

16:53 | 13/04/2025 Policy

Vietnam's local government model will be restructured from a three-tier system to a two-tier one, with the district level eliminated.

Australian scholar praises Vietnam’s remarkable 50-year transformation

16:28 | 12/04/2025 Policy

Vietnam must always be able to evaluate its own strengths and weaknesses while pursuing a long-term strategic vision. The country can learn from other countries, but it must always pursue its national interests. This requires unity among the population, political stability, constant adaptability and critical innovation.

Industry & Trade

Hanoi to develop 254-million-USD industrial cluster

21:13 | 19/04/2025 Industry

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.

Vietnam sets ambitious targets in revised national power development plan

18:56 | 17/04/2025 Industry

The Vietnamese government has officially revised the eighth national power development plan, setting bold targets for electricity production and renewable energy adoption through 2050.

Prime Minister urges COMAC to support Vietnam in developing aviation industry

17:12 | 14/04/2025 Industry

The PM said that the Party and State of Vietnam always encourage major enterprises, representing high levels of science and technology of China, to participate in new investment projects and expand investments in the fields of road, railway and aviation infrastructure in Vietnam.

Steel industry seeks solutions amid tariff "shock"

17:12 | 13/04/2025 Industry

In the midst of the United States’ tariff “storm”, Vietnamese steel has been excluded because it has been already subjected to a 25% tariff since 2018. Nevertheless, over-optimism is ill-advised, as other countries facing barriers to the US market may redirect their low-priced steel to Asia and Vietnam, creating significant pressure on domestic steel.

Investment

Ho Chi Minh City’s FDI rebound attracts high-tech giants

21:23 | 19/04/2025 Investment

Foreign direct investment (FDI) in Ho Chi Minh City has recently rebounded after a period of stagnation, with several major high-tech companies unveiling plans to invest in the southern hub, driven by the city's improved investment climate.

Korean firms encouraged to invest more in Vietnam’s energy sector

16:31 | 15/04/2025 Investment

The NA Vice Chairwoman praised KEPCO’s ongoing contributions to Vietnam’s energy landscape and encouraged the company to continue its role as a major investor, supporting the country’s technological advancement and energy development.

Public investment aimed to drive Vietnam’s economic growth

10:48 | 15/04/2025 Investment

(VEN) - Vietnam’s public investment disbursement in Q1/2025 showed positive signs, yet achieving the 95-percent disbursement target for the year remains a challenge.

Hue calls for investment in the Chan May – Lang Co Economic Zone

23:36 | 11/04/2025 Investment

The central city of Hue is calling for investment in many key projects within the Chan May – Lang Co Economic Zone for the period of 2025–2026, aiming to give a facelift to its important southern economic region.

Finance-Banking

Remittances to HCM City reach over 2.41 billion USD in first quarter

08:21 | 20/04/2025 Finance-Banking

Remittances to Ho Chi Minh City maintained a positive growth rate in the first three months of 2025, reaching over 2.41 billion USD, accounted for 25.3% of the total for the entire year 2024 and marking an increase of 19.6% compared to the previous quarter.

National committee meets to accelerate ODA, concessional loan disbursement

14:43 | 15/04/2025 Finance-Banking

Deputy Prime Minister Bui Thanh Son has underscored the need to improve processes, streamline procedures, and capitalise on financial resources to support national development.

Vietnam accelerates rollout of 500 trillion VND credit package for infrastructure and technology firms

15:36 | 12/04/2025 Finance-Banking

The State Bank of Vietnam (SBV) held a meeting in Hanoi on April 10 to implement the Government’s directive on lending to businesses investing in infrastructure and digital technology.

Hong Kong paves way for Vietnam–China finance link

19:25 | 10/04/2025 Finance-Banking

Hong Kong (China) is stepping up its role as a vital financial conduit between Vietnam and China, leveraging its global financial hub status to deepen cross-border cooperation, said Robert Lee, a financial expert and Legislative Council member of Hong Kong.

Environment

Vietnam's carbon market: Prudent approach to avoid costly outcomes

08:53 | 18/04/2025 Environment

According to experts, to ensure a harmonious balance between greenhouse gas (GHG) emissions reduction and economic development, it is essential to explore and assess different scenarios of design and governance options for Viet Nam’s carbon market.

Moc Chau Milk centers on green development and growth

16:06 | 17/04/2025 Environment

(VEN) - The Moc Chau high-tech dairy processing plant operates with a closed-loop production system, comprehensively integrating Industry 4.0 technologies in management and operations. This approach meets international standards, which helps protect the environment, conserves resources, and ensures sustainable development criteria.

Extra efforts requested to address forest fire consequences in Quang Ninh

16:56 | 16/04/2025 Environment

From the night of April 12 to the morning of April 13, two forest fires occurred in Ha Long city's Dai Yen ward, and Binh Lieu district's Binh Lieu town, damaging over 40 hectares of forests.

Hanoi to host major green growth summit this month

16:44 | 11/04/2025 Environment

Vietnam's hosting the fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit reflects its push to meet climate commitments, slash emissions, and shift its growth model with global support.

Science - Technology

PM applauds youth entrepreneurship at National Startup Day for Students

21:40 | 20/04/2025 Science - Technology

Since its inception seven years ago, Project 1665 has achieved significant milestones. All universities, academies, colleges, vocational schools, and 63 provincial/municipal Departments of Education and Training now have actionable plans to support student entrepreneurship.

Nuclear energy development to facilitate green transition: Conference

22:10 | 18/04/2025 Science - Technology

Deputy Prime Minister Nguyen Chi Dung emphasised that developing atomic energy, including nuclear power, is essential to achieving double-digit economic growth and supporting Vietnam’s green and digital transitions.

HCM City seeks stronger hi-tech cooperation with US, Japan, RoK

16:47 | 15/04/2025 Science - Technology

At the meeting, Director of HCMC C4IR Le Truong Duy shared the city’s vision to establish a world-class public-private technology exchange platform. This hub will serve as a gateway for cutting-edge technologies from the US, Japan, and the Republic of Korea to enter Vietnam, enabling collaborative innovation and creating valuable tech products for the global market.

Da Nang, RoK to train next generation of Vietnamese software experts

13:24 | 11/04/2025 Science - Technology

The collaboration between Vietnam – Korea University of Information and Communication Technology (VKU) and the Korea SMEs and Startups Agency (KOSME) leverages the robust infrastructure and networks of both sides to advance software talent development in Vietnam.

Society

Vietnam steadily marches into new era of growth

16:35 | 21/04/2025 Society

Workers proactively enhance productivity in new era

15:32 | 21/04/2025 Society

Can Tho-Ca Mau expressway project must be completed by December 19: PM

21:49 | 20/04/2025 Society

The expressway, spanning over 110 km, connects Can Tho city with Hau Giang, Bac Lieu, Kien Giang, and Ca Mau provinces, complemented by 25.85 km of connecting routes.

HCM City makes strides in sustainable poverty reduction

16:49 | 13/04/2025 Society

HCM City reduced the number of poor and near-poor households by 69,914, or 2.7% of the total households during 2021-2025 period, said Nguyen Thi Hong Ha, Chief of the Office of the city’s Steering Committee for Sustainable Poverty Reduction.

Vietnamese Brands

Petrovietnam: New milestone - New vision for sustainable development

16:21 | 21/04/2025 Vietnamese Brands

Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

22:18 | 10/04/2025 Vietnamese Brands

Vietnamese enterprises float products at world's largest startup fair in India

21:59 | 05/04/2025 Vietnamese Brands

Philosophy 3C and story of smart consumption

09:15 | 22/03/2025 Vietnamese Brands

Culture

Vietnamese cultural values introduced to international friends in Mexico

20:55 | 30/03/2025 Culture

Diverse and distinctive cultural values of Vietnam are promoted at the "Vietnam Culture Day" event held from March 29-30 in Mexico City, attracting representatives from diplomatic corps and local authorities, international friends, and local residents.

Hung Kings’ Festival 2025: a grand celebration of culture and heritage

15:21 | 30/03/2025 Culture

According to the organising committee, these two major events will feature various unique activities that embody the heroic spirit of the Hung Kings era while maintaining a connection to contemporary society.

Vietnam works to seek UNESCO status for Binh Dinh martial arts

18:00 | 29/03/2025 Culture

Deputy Prime Minister Mai Van Chinh has approved the submission of a proposal to the UNESCO for the inclusion of "Binh Dinh Traditional Martial Arts" in the Representative List of the Intangible Cultural Heritage of Humanity.

Nghe An to host ASEAN exhibition this May

16:47 | 24/03/2025 Culture

The beauty of ASEAN’s people and landscapes will be on show from May 10 to May 20 at an exhibition held in Nghe An province.

Tourism

Digitization key to tourism breakthroughs

09:15 | 24/04/2025 Tourism

Highland products, soul of Son La’s community-based tourism

09:34 | 17/04/2025 Tourism

(VEN) - Son La Province – a majestic land in the Northwestern highlands of Vietnam – captivates visitors not only with its pristine natural beauty, but also with its distinctive local specialties. However, amid the flourishing wave of community-based tourism, there are still gaps in integrating highland products as essential parts of the tourist journey.

Vietnam’s scenic landscapes attract Hollywood filmmakers

15:15 | 30/03/2025 Tourism

With its breathtaking landscapes, filmmaker-friendly policies, and a clear strategy for industry growth, Vietnam is poised to become a major hub for film tourism.

Positioning unique tourism products to enhance attractiveness of Vietnamese cities

17:56 | 29/03/2025 Tourism

The meeting provided a valuable opportunity for Vietnamese members to share experience and best practices in tourism management while enhancing collaboration with international counterparts. By hosting this prestigious event, Hanoi reaffirmed its proactive role in driving connectivity and sustainable tourism growth.

Vinamilk sets new record revenue this year

See also

See more news

Multimedia