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Vietnam’s biggest dairy company Vinamilk has acquired a majority stake in Moc Chau Milk, entrenching its market dominance. Vinamilk, formally Vietnam Dairy Products Jsc, has increased its ownership in GTNfoods from 43.17 percent to 75 percent, the dairy giant…
Two Singaporean investors in Vinamilk have failed repeatedly to increase their stake in the dairy giant by one percent. In the latest instance, investment firm Platinum Victory has once again failed to increase its stake, Vinamilk said Monday. The…
Vietnam will export milk for the first time to China in October to make up a shortfall there. China has given export permits to five Vietnamese companies — Vinamilk, TH True Milk, Moc Chau Milk, NutiFood, and Hanoimilk — Tong Xuan Chinh, deputy head of the…
AirAsia Thailand recently introduced bubble milk tea in their in-flight menu – much to the delight of customers. There’s even a poster that says that passengers can now enjoy Boba milk tea 35,000 feet in the air. You’ve probably come across articles on how…
Vinamilk’s bid to acquire a 49 percent stake in GTN Foods, which owns 51 percent of Moc Chau Milk, has been rejected. The board of GTN Foods passed a resolution turning down the public offer made by Vinamilk, Vietnam’s largest dairy company. It would have…
Dairy Farm Group has warned shareholders that its restructure will take five years to complete. “There are few ‘quick fixes’ and no ‘silver bullets’,” CEO Ian McLeod told shareholders in the company’s results filing last week. “Continuous improvement against…
FMCG major Nestle India has lined up nearly two-three dozen products that it plans to launch in calender year 2019 across categories in the country to drive its aggressive growth plans, Chairman and Managing Director Suresh Narayanan said. According to a…
Vietnam’s biggest dairy company plans to open a plant in Myanmar this year and is preparing to enter Indonesia and China. The Myanmar factory will be Vinamilk’s second in Southeast Asia after acquiring its first in Cambodia. It is in discussion for one joint…
Milk delivery startup Milkbasket Wednesday said it plans to hire 2,500 people over the next two years and announced the launch of its services in Bengaluru. According to a report, the company said it will hire people to support the operations and growth in…
Fonterra Future Dairy Pvt Ltd, a new joint venture between global dairy nutrition company Fonterra Co-operative Group and new age FMCG company Future Consumer Limited, announced the appointment of Ishmeet Singh as its CEO, effective from January 7, 2019.…
A Singaporean shareholder in Vinamilk is seeking to increase its stake in Vietnam’s largest dairy firm. Jardine Cycle & Carriage Ltd has registered to buy 17.41 million shares between January 9 and February 7 through its wholly-owned local subsidiary,…
Taiwanese milk tea brand Ten Ren to open first Vietnam store next month via a franchise agreement with The Coffee House. Nguyen Hai Ninh, co-founder and CEO of coffee chain, says Ten Ren will open 40 stores by the end of 2018. “At first, we will sell…
Forbes Vietnam on Monday announced the Vietnam Dairy Products Joint Stock Company (Vinamilk) topped the 40 most valuable companies in the country with a value of more than US$1.7 billion. This is the second time Vinamilk has reached the top in the Forbes…
Abbott is widely known as a formula milk supplier, and bagged more than $1 billion in sales from 2014-2016 in Vietnam. Abbott, a U.S.-based global healthcare company, said its net sales in Vietnam last year jumped 31 percent from 2015 to $434 million, ranking…
According to HSC, Vinamilk’s shares are valued at VND152,000 ($6.7), higher than the current price of VND130,000 ($5.7). A representative from HSC, however, told that its price is only a forecast based on the price of raw milk and may change. Vinamilk owns…
Yakult Indonesia Persada, one of the major producers of fermented milk products, still relies on imported raw materials for its production in Indonesia. Yakult Indonesia vice president and director Hiroyuki Kawada said the company had to import ingredients…
