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 - May 18
- Six ideal destinations for green tourism in Vietnam
- Vietnam news in brief - May 16
- Opening of National Assembly session in five days' time
- Russia fully supports Vietnam's entry into BRICS: Ambassador
- Vietnam news in brief - May 15
- Deputy Foreign Minister pledges support for Vietnamese nationals in Warsaw
- Prime Minister Pham Minh Chinh encourages Chinese investment in green economy
- Vietnam news in brief - May 14
- Vietnam news in brief - May 13
Trending
-
Exhibition on Thang Long Imperial Citadel underway in Beijing
-
Hanoi Times Podcast - May 18
-
Pristine white lotus enchants flower lovers in Hanoi
-
Vietnam's central bank to inspect gold trading practices
-
Hanoi's 70th liberation anniversary literary and art contest launched
-
Japanese duo of illusionists to wow audiences in Vietnam
-
Walking tour to experience public arts in the heart of Hanoi
-
Propaganda poster contests launched for Hanoi’s 70th liberation anniversary
-
Bas-reliefs on Hue's nine dynastic urns listed as UNESCO heritage