Vietnam’s largest dairy producer eyes 5-percent revenue growth in 2022

Vinamilk products (Photo: VNA)

Hanoi (VNA) - Vinamilk, Vietnam’s largest dairy manufacturer, has set a targetof the revenue growth of at least 5 percent to over 64 trillion VND (2.8 billionUSD) in 2022, a rise from the 2.2 percent of last year.

From 2023, the rate is expected to rise to 7.7 percent ayear, and the revenue will hit 86.2 trillion VND in 2026.

Last year, the dairy producer earned a total of 61 trillionVND, marking the first time it exceeded the 60 trillion VND mark, but onlyequal to 98 percent of the set target.

Notably, the growth rate in the fourth quarter reachednearly 10 percent – the highest recorded in a quarter in the past five years.

The domestic market continues contributing mostly to thecompany’s performance, with 84 percent of revenue and 83.8 percent of profits.However, its revenue growth rate last year was quite low, at only 0.7 percent.Meanwhile, the foreign market maintained a higher rate, with 10.5 percent. Thecompany’s products are available in 57 countries and territories around theworld./.

VNA