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 US$3 billion 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 VND4 trillion (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 VND21 trillion ($1 billion) a 25 percent year-on-year increase. Profits before tax were VND4 trillion, a 35 percent year-on-year increase. In 2012, it is estimated that Vinamilk’s turnover will be around VND26,500 billion.
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.
The store is located at 344-346 Le Van Viet Street in District 9 in Ho Chi Minh City and offers many processed food items as well as commodities under the price subsidized program such as Vissan pork, Ba Huan eggs, rice and fish sauce, and Tho Viet vegetables.
