Enterprise

“Dairy Giant’s Daily Contribution to State Coffers: An Impressive $500,000”

As the world's most promising dairy brand, Vinamilk has not only asserted Vietnam's position on the global dairy map but also made significant contributions to the state budget. Since its privatization, the company has contributed over VND 98,300 billion to the state budget, including tax payments and dividends from the state's capital.

Administrator

28 August, 2025

Contributing 70% of the dairy industry’s budget

The 2025 PRIVATE 100 ranking recognizes private enterprises that contribute to the state budget from VND 100 billion ($4.3 million) upwards. In the food and beverage (F&B) industry, Vinamilk maintains its position in the Top 2, with a contribution of up to VND 4,569 billion ($197 million), an increase of 11.3% compared to 2023.

This figure means that Vinamilk (HOSE: VNM) alone contributed nearly 30% of the Top 10 F&B private enterprises’ total contribution and about 70% of the entire dairy industry’s contribution. Since its equitization in 2003, the company has contributed over VND 62,000 billion ($2.6 billion) to the state budget.

On average, Vinamilk contributes approximately VND 12.5 billion ($538,000) to the state budget daily – Photo: Minh Anh.

In parallel, the Vietnamese dairy giant brings in about VND 2,800-3,000 billion ($120-129 million) in cash dividends to the state annually. The cumulative realized dividends of state shareholders reached VND 36,306 billion, equivalent to about $1.57 billion.

If we consider both dividends and budget contributions, Vinamilk has contributed more than VND 98,300 billion ($4.2 billion) to the state budget since its equitization. This is a testament to the company’s commitment to transparency, compliance with laws, and sustainable governance orientation in its development journey.

Where does the strength come from?

Maintaining its position in the Top 2 F&B enterprises in terms of budget contribution stems from a solid financial foundation. Overcoming challenges in a competitive market and cautious consumer psychology, Vinamilk recovered in Q2/2025. The company reported consolidated revenue of VND 16,745 billion ($721 million), the highest quarterly revenue Vinamilk has ever recorded.

In Q2/2025, export revenue reached VND 1,887 billion ($81.5 million), up 8.5% over the same period, marking the eighth consecutive quarter of growth. In the first six months, exports reached VND 3,507 billion ($151 million), a surge of 15.5%. This success results from Vinamilk’s strategy of continuously expanding its international market presence – now in 65 countries, with export revenue surpassing 20% of consolidated revenue for the first time.

With the message “We change for you,” Vinamilk demonstrates its adaptability to new consumer trends. In the first half of 2025, the company launched over 70 new products, far exceeding its plan. The focus on research and development is paying off, as some new products already contribute 10% of the revenue in their respective product lines.

In parallel with its product strategy, Vinamilk’s approach to consumers is also tailored to different customer segments. Besides expanding and upgrading its retail system, Vinamilk optimizes its “touchpoints” with consumers by building a youthful and friendly brand image on social media platforms, collaborating with KOLs in livestreams, and having a strong presence on domestic and international e-commerce platforms.

The launch of a new product, HAYDAY carbonated Kombucha tea, by Vinamilk, attracted the attention and lively comments of young people on social media – Photo: Minh Anh.

Kim Ngan

– 10:52 27/08/2025