Vinamilk
Vietnam's largest dairy company and one of the country's best-known consumer food brands.
Last updated November 4, 2026
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Overview
Vinamilk, formally Vietnam Dairy Products Joint Stock Company, is Vietnam's largest dairy producer and one of the country's most prominent listed consumer companies. The business was created in 1976 when the Vietnamese state nationalized and combined three dairy facilities in southern Vietnam: the Thong Nhat factory, the Truong Tho condensed-milk facility, and the Dielac powdered-milk plant. Its early operations were conducted under a state-owned food-industry structure, and the company subsequently passed through several reorganizations as Vietnam moved from a centrally planned economy toward the renovation and market-reform period. The company adopted the name Vietnam Dairy Company in the early 1990s and was converted into a joint-stock company in 2003. Its public-market development culminated in a listing on the Ho Chi Minh City Stock Exchange in January 2006 under the ticker VNM. The listing helped transform Vinamilk from a state dairy enterprise into a widely held consumer-goods company with substantial domestic and foreign institutional investment. The company remains closely associated with Vietnam's state-capital system, although its shareholder structure has included major foreign investors and other Vietnamese shareholders. Vinamilk's portfolio spans liquid milk, condensed milk, infant and nutritional powders, yogurt, ice cream, cheese, soy beverages, fruit juice, coffee, and other milk-derived foods. Core brands and product families include Vinamilk, 100%, Green Farm, Probi, Optimum, Dielac, Ong Tho, Southern Star, Sure, Susu, and Moc Chau Creamery. The company's offerings cover mass-market household staples as well as organic, high-protein, probiotic, A2, and other premium or specialized propositions. A central part of Vinamilk's expansion strategy has been the development of an integrated manufacturing, farm, logistics, and distribution network. It expanded from southern factories into northern and central Vietnam, built facilities in Hanoi, Can Tho, Nghe An, Da Nang, Binh Dinh, and Binh Duong, and developed dairy farms and high-technology agricultural projects. The Vinamilk Organic Da Lat Farm, inaugurated in 2017, was described as Vietnam's first organic dairy farm. Subsequent projects included high-technology dairy complexes in Thanh Hoa and Laos and additional farms in Tay Ninh and other provinces. The company also expanded outside Vietnam through investments and partnerships. Its international footprint has included Angkor Dairy Products in Cambodia, Driftwood Dairy in California, European operations in Poland, and a Philippine joint venture. Vinamilk products, particularly powdered and condensed milk, have been exported to markets including Cambodia, the Philippines, Australia, and the Middle East. In 2016, it entered a strategic cooperation arrangement with Chr. Hansen concerning probiotic development, while earlier it had formed a joint venture with SABMiller that launched the Zorok beverage brand. Brand building has been a major element of Vinamilk's identity. The company has sponsored Vietnamese television programs and children's entertainment, used successive corporate slogans including "A Beautiful Life," "Vietnam's Trust," and "Reaching Higher, Vietnam," and refreshed its visual identity several times. In July 2023, it introduced a new brand identity accompanied by the slogan "Do it all - Just for you." This repositioning sought to present Vinamilk as a contemporary, broad-based nutrition and lifestyle brand while retaining its strong association with Vietnamese families and everyday dairy consumption. Vinamilk is positioned primarily as an accessible, trusted, large-scale dairy and nutrition company, with premiumization through organic milk, farm-origin products, probiotics, A2 milk, and other differentiated lines. Its principal competitors in Vietnam have included Dutch Lady Vietnam, Nestle Vietnam, Abbott, Mead Johnson, Friso, and Nutifood. The company's scale, distribution reach, domestic brand recognition, manufacturing infrastructure, and agricultural investments remain central to its competitive profile.
History
Vinamilk originated in the nationalization of three southern Vietnamese dairy facilities in 1976. The Thong Nhat, Truong Tho, and Dielac plants had previously been associated with different private or foreign-linked operators. The resulting enterprise was initially known as the Southern Milk and Coffee Company and operated within the state food-industry system. In 1978, the enterprise was renamed United Enterprises of Milk Coffee Cookies and Candies. In 1982, it was transferred to the Ministry of Food Industry and became Milk-Coffee-Confectionery Union Enterprise I. The organization also incorporated additional food-production assets, including the Lubico confectionery factory and the Bich Chi nutritional-powder factory. The company entered a new phase during Vietnam's renovation period. In March 1992, it was renamed Vietnam Dairy Company and operated under the Ministry of Light Industry. In 1993, the company was formally established under that name. Expansion beyond the southern base followed. A Hanoi dairy factory was constructed in 1994 to serve northern consumers, while a joint venture in Binh Dinh in 1996 supported penetration of central Vietnam. A Can Tho dairy factory and logistics operation were developed around the turn of the century, with the Can Tho plant inaugurated in 2001. In 2003, the company became Vietnam Dairy Products Joint Stock Company and adopted Vinamilk as its trading name. It acquired Saigon Dairy Joint Stock Company in 2004 and later obtained the remaining interest in the Binh Dinh dairy joint venture. The Nghe An Dairy Factory was inaugurated in 2005. The same period saw Vinamilk enter a joint venture with SABMiller Asia to create SABMiller Vietnam, whose Zorok product was launched in 2007. Vinamilk was listed on the Ho Chi Minh City Stock Exchange in January 2006. The listing expanded access to capital and increased the company's visibility among domestic and international investors. In 2006, Vinamilk also opened the An Khang Clinic in Ho Chi Minh City and began building a more direct relationship between its dairy business and nutrition or health services. It acquired the Tuyen Quang Dairy Farm later that year, beginning a more prominent phase of farm development and supply-chain integration. The company continued to develop its brand and national distribution system. In 2006 it introduced a revised logo, and in 2007 it acquired a controlling interest in Lam Son Dairy Company and adopted the slogan "A Beautiful Life." From 2008 through 2013, it sponsored the children's singing program Do Re Mi. Its slogans later changed to "Vietnam's Trust" and then "Reaching Higher, Vietnam." By 2009, the company reported a distribution network of approximately 135,000 agents and nine factories. Between 2010 and 2012, Vinamilk invested in large liquid-milk and powdered-milk facilities in Binh Duong, as well as a beverage factory. A Da Nang dairy factory began operations in 2011. In 2012, the company refreshed its logo again. In 2013, the first phase of the Vietnam Dairy Factory, a large-scale facility in Binh Duong, began operation with stated annual capacity of 400 million liters of milk. International and agricultural expansion accelerated during the following decade. The Angkormilk Dairy Factory in Cambodia was inaugurated in 2016. In 2017, Vinamilk opened its Organic Da Lat Farm and established the Cu Chi Fresh Raw Milk Centre. In 2018, it inaugurated the first farm of the Thanh Hoa High-Tech Dairy Farm Complex and began construction of an organic dairy complex in Laos. It also became the first company identified in the reference material as producing A2 milk in Vietnam. The Tay Ninh Dairy Farm followed in 2019. Vinamilk's international activities have included Angkor Dairy Products in Cambodia, Driftwood Dairy Holding Corporation in California, Vinamilk Europe in Poland, and a joint venture in the Philippines. Its products have been exported to a range of markets, with condensed and powdered milk among the principal export categories. The brand has received Vietnamese state honors and repeated recognition in business rankings. It was included in Forbes Asia's 200 Best Under A Billion list in 2010 and appeared in other regional and global company rankings in later years. In July 2023, Vinamilk launched a new brand identity and the slogan "Do it all - Just for you," marking another effort to modernize its presentation while reinforcing its broad product and consumer focus.
- 2023
New brand identity launched
[1]Vinamilk introduced a refreshed identity and the slogan "Do it all - Just for you."
- 2017
Organic Da Lat Farm inaugurated
[1]Vinamilk opened its Organic Da Lat Farm, described in the reference material as Vietnam's first organic dairy farm.
- 2016
Angkormilk factory inaugurated
[1]Vinamilk expanded its regional manufacturing presence through the inauguration of the Angkormilk Dairy Factory in Cambodia.
- 2013
Vietnam Dairy Factory began operations
[1]The first phase of the large Binh Duong facility began operations with stated annual production capacity of 400 million liters.
- 2006
Stock-market listing
[1]Vinamilk was listed on the Ho Chi Minh City Stock Exchange under ticker VNM.
- 2003
Conversion into a joint-stock company
[1]The company became Vietnam Dairy Products Joint Stock Company and began using Vinamilk as its trading name.
- 1994
Expanded into northern Vietnam
[1]Vinamilk constructed a dairy factory in Hanoi to serve the northern market.
- 1992
Adopted the Vietnam Dairy Company name
[1]The enterprise was reorganized and renamed Vietnam Dairy Company during Vietnam's renovation period.
- 1978
Renamed as a milk, coffee, confectionery, and candy enterprise
[1]The enterprise adopted the name United Enterprises of Milk Coffee Cookies and Candies.
- 1976
Creation through nationalization of southern dairy factories
[1]The Southern Milk and Coffee Company was formed after the state took over and combined three dairy facilities in southern Vietnam.
Products and positioning
A trusted, mass-market Vietnamese dairy and nutrition company with increasingly visible organic, farm-origin, probiotic, A2, and premium product segments.
Liquid milk
Vinamilk 100%
A core liquid-milk range built around the brand's basic fresh-milk proposition. It represents Vinamilk's mainstream household offering and emphasizes everyday dairy consumption at national scale.
Organic dairy
Vinamilk Organic
An organic dairy line associated with Vinamilk's farm investments and premiumization strategy. The range connects branded milk products with organic production and higher-value nutrition positioning.
Fresh milk
Green Farm
A farm-oriented milk brand within Vinamilk's portfolio. It supports the company's effort to communicate provenance, agricultural integration, and a more contemporary premium image.
Probiotic beverages
Probi
A probiotic product family developed within Vinamilk's functional-nutrition portfolio. The line reflects the company's interest in products positioned around digestive and nutritional benefits.
Powdered milk and nutrition
Dielac
A long-standing powdered-milk and nutritional-products brand originating from the Dielac facility incorporated into the company's predecessor structure. It serves infant, child, and broader nutritional segments.
Condensed milk
Ong Tho
A condensed-milk brand associated with Vinamilk's traditional dairy business. It is part of the company's established shelf-stable portfolio and reflects the importance of condensed milk in Vietnam's dairy market.
Nutritional milk
Optimum
A nutritional milk line positioned toward consumers seeking added nutrition and differentiated formulation. It broadens Vinamilk's offering beyond standard liquid and condensed milk.
Dairy products
Moc Chau Creamery
A dairy brand included among Vinamilk's major brands. Its inclusion expands the group's brand architecture and links Vinamilk with a broader set of regional dairy products.
Marketing campaigns
- 2023Corporate identity refresh
Vietnam · International markets
Vinamilk introduced a new visual identity and the slogan "Do it all - Just for you" to modernize the brand and present a broader consumer proposition.
Outcome. Repositioning toward a contemporary, consumer-centered nutrition and lifestyle brand.
- 2008Do Re Mi sponsorship
Vietnam
Vinamilk sponsored the children's singing program Do Re Mi from the 2008 season through the end of the 2013 season.
Outcome. Strengthened family and child-focused brand associations.
- 2006Tam Sao That Ban sponsorship
Vietnam
Vinamilk sponsored the Vietnamese television program Tam Sao That Ban as part of its broader entertainment and mass-media marketing activity.
Outcome. Continued national consumer-brand exposure.
- 2005Khởi Nghiệp sponsorship
Vietnam
Vinamilk and VPBank co-sponsored the Vietnamese startup-themed television game show Khởi Nghiệp on VTV3.
Outcome. Brand visibility through television sponsorship.
Brand decisions
2018
High-technology and regional farm expansionStrategyBackground
Vinamilk continued to integrate milk production with controlled agricultural supply and pursue regional growth.
Action taken
The company inaugurated the first farm of its Thanh Hoa High-Tech Dairy Farm Complex and began construction of an organic dairy complex in Laos.
Aftermath
The projects extended Vinamilk's farm platform and international agricultural footprint.
2017
Organic dairy strategyStrategyBackground
Vinamilk was expanding beyond mass-market dairy into higher-value and differentiated nutrition categories.
Action taken
The company inaugurated the Vinamilk Organic Da Lat Farm and developed organic dairy products.
Aftermath
Organic farming became a visible part of Vinamilk's premium and farm-integrated brand proposition.
2013
Large-scale dairy manufacturing expansionGeneration changeBackground
Growing national demand required higher production capacity and more automated manufacturing infrastructure.
Action taken
Vinamilk began operating the first phase of its Vietnam Dairy Factory in Binh Duong.
Aftermath
The facility added substantial liquid-milk capacity to the company's national production network.
2005
Joint venture with SABMillerM&ABackground
Vinamilk sought to broaden its beverage activities through cooperation with an international drinks company.
Action taken
Vinamilk entered a joint venture with SABMiller Asia to establish SABMiller Vietnam Joint Venture Company.
Aftermath
The venture launched the Zorok brand in 2007.
2003
Conversion into a joint-stock companyStrategyBackground
The state dairy enterprise was being adapted to Vietnam's market-oriented economic reforms.
Action taken
Vinamilk was converted into Vietnam Dairy Products Joint Stock Company and prepared for public-market development.
Aftermath
The change created the corporate structure under which Vinamilk later became one of Vietnam's most prominent listed consumer companies.
Recent events
- Unconfirmed
Vinamilk launches fresh milk products in China[3]
Reported:
Vinamilk launched organic milk at the 2021 FHC Global Food Trade Show in Shanghai and also introduced skimmed milk and pasteurized milk there. The launches marked the brand's first exports of fresh milk, including organic milk, to China.
- Unconfirmed
Joint venture and Vinamilk agree on rooftop solar installations[4]
The joint venture announced its first rooftop solar project with Vinamilk. Under their agreement, the venture will install a combined 25 MW of rooftop solar across Vinamilk's nine factories and seven farms.
Vinamilk begins selling in South Korea[5]
Reported:
Vinamilk began selling its products in South Korea through online stores on Thursday. Five local distribution firms established Vina Korea to sell the products.
Weekdays and relative dates follow the original report; their exact calendar dates have not been verified.
Vinamilk donates to COVID-19 response[6]
Reported:
Vinamilk donated 10 billion VND (nearly USD 430,000) to authorities for the purchase of medical equipment needed for rapid coronavirus testing.
Vinamilk completes purchase of GTNFoods shares[7]
Reported:
Vinamilk completed the purchase of 79.5 million GTNFoods shares, increasing its holding to 75 per cent and making GTNFoods its parent-company subsidiary. The transaction gives Vinamilk an indirect 51 per cent stake in Moc Chau Milk.
- Unconfirmed
Vinamilk completes acquisition of GTNFoods shares[8]
Reported:
Vinamilk completed the purchase of 79.5 million GTNFoods shares, raising its holding to 75 per cent and indirectly giving it 51 per cent of the voting shares in Moc Chau Milk.
Sources8 sources
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