Vinamilk signs $20 mln Dubai export contract
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Vinamilk has signed a $20 million deal with a distributor in Dubai to supply dairy products from the second quarter of 2020.
Vietnam’s biggest dairy company said in a statement that the deal with the distributor, whom it did not identify, was signed at the Gulfood Dubai 2020 trade exhibition this week.
The Middle East currently accounts for 75 percent of Vinamilk’s exports. Its other major foreign markets are Japan, South Korea, Singapore, and China.
Vinamilk, one of the world’s 50 largest dairy producer, saw its export revenues rise 14.8 percent last year to VND5.17 trillion ($223 million).
Questions & Answers
Q.Which specific dairy products will Vinamilk be supplying under this new $20 million deal?
Which specific dairy products will Vinamilk be supplying under this new $20 million deal?
The article states that Vinamilk will supply "dairy products" to the unnamed distributor in Dubai. It does not specify which particular types of dairy products are included in this contract.
Q.Why did Vinamilk choose to sign this new export contract at the Gulfood Dubai 2020 trade exhibition?
Why did Vinamilk choose to sign this new export contract at the Gulfood Dubai 2020 trade exhibition?
The article simply states the deal was signed at the Gulfood Dubai 2020 trade exhibition this week. It does not provide any specific reasons or motivations behind Vinamilk's decision to sign it there.
Q.Is Vinamilk's $20 million Dubai export deal expected to significantly increase its overall export revenue?
Is Vinamilk's $20 million Dubai export deal expected to significantly increase its overall export revenue?
Vinamilk's export revenues were $223 million last year, rising 14.8 percent. The $20 million deal represents a portion of this, but the article does not explicitly state its projected impact on overall revenue growth.
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