Vinamilk Leads the Pack: Top Contributor to the Dairy Industry’s Budget
CafeF has released its PRIVATE 100 rankings for 2025, recognizing private enterprises with budget contributions exceeding 100 billion VND. Within the food and beverage (F&B) sector, Vinamilk maintains its position in the Top 2, with an impressive contribution of 4,569 billion VND, reflecting an 11.3% increase from 2023.
This figure alone accounts for nearly 30% of the Top 10 F&B private enterprises’ contributions and approximately 70% of the entire dairy industry’s contribution in the PRIVATE 100 rankings for 2025. Since its privatization in 2003, Vinamilk has contributed over 62,000 billion VND to the state budget.
Vinamilk contributes approximately 12.5 billion VND to the state budget daily (Photo: Minh Anh)
Moreover, the Vietnamese dairy giant remits approximately 2,800–3,000 billion VND in cash dividends to the state annually. The cumulative dividend income received by the state shareholder stands at 36,306 billion VND, equivalent to about 1.57 billion USD.
Combining dividend payments and budget contributions, Vinamilk has contributed more than 98,300 billion VND to the state budget since its privatization. This remarkable achievement underscores the company’s commitment to transparency, compliance, and sustainable governance in its development journey.
Unraveling Vinamilk’s Success:
Vinamilk’s consistent ranking as one of the top budget contributors in the F&B industry stems from its solid financial foundation. Despite intense market competition and cautious consumer sentiment, Vinamilk demonstrated resilience and reported a recovery in the second quarter of 2025. The company announced consolidated revenue of 16,745 billion VND, the highest quarterly revenue in Vinamilk’s history.
In the second quarter of 2025, export revenue reached 1,887 billion VND, an increase of 8.5% from the previous year, marking the eighth consecutive quarter of growth. For the first six months, exports totaled 3,507 billion VND, a significant surge of 15.5%. This success is a testament to Vinamilk’s strategic expansion into international markets, now present in 65 countries, with export revenue surpassing 20% of consolidated revenue.
Embracing the philosophy, ” We Change for You,” Vinamilk showcases its adaptability to evolving consumer trends. In the first half of 2025, the company launched over 70 new products, far surpassing its initial plans. This product innovation strategy is paying off, with new offerings contributing up to 10% of revenue within their respective product lines.
In the first half of 2025, Vinamilk introduced 70 new products to the market (Photo: Minh Anh)
In tandem with its product strategy, Vinamilk’s consumer engagement approach is tailored to diverse customer segments. Alongside expanding and upgrading its retail network, Vinamilk excels in optimizing consumer touchpoints. This is evident in their youthful and approachable brand voice on social media, collaborations with KOLs in livestreams, and strong presence on domestic and international e-commerce platforms.
Vinamilk’s new product launch event for its gazed kombucha tea, HAYĐẤY, garnered significant attention and lively discussions among young consumers on social media (Photo: Minh Anh)
PRIVATE 100 – Recognizing private enterprises with budget contributions exceeding 100 billion VND
VNTAX 200 – Acknowledging enterprises with budget contributions exceeding 200 billion VND in the fiscal year
This list is compiled by CafeF based on publicly available information or verifiable data. It reflects the actual budget contributions of enterprises, encompassing taxes, fees, and other mandatory payments. By aggregating transparent and accurate data, CafeF not only acknowledges the financial contributions of these enterprises but also promotes their social responsibility and affirms their standing in the national economy.
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