Vietnamese Vinamilk goes abroad

Vinamilk is currently negotiating with two partners to buy a dairy factory in Europe. However, the deal is yet to materialise so Vinamilk has not submitted it before shareholders for approval, according to Mai Kieu Lien, chairman of the management board at Vinamilk Co.

Currently, Vinamilk has invested capital in four companies, including buying a 70 per cent stake in the U.S. dairy firm Driftwood, a 51 per cent stake in Cambodia’s Angkor Dairy Products, a 19.3 per cent stake in New Zealand’s Miraka Limited and a 15 per cent stake in Viet Nam’s Asia Sai Gon Food Ingredients JS Co.

Lien said, ”Vinamilk will explore multiple ways to grow, including M&A deals in foreign markets and exports. However, whatever the company does, the important thing is maintaining market share and capturing greater market share from rivals.”

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