At the seminar and ceremony to honor 50 typical enterprises and units with key brands and products of Ho Chi Minh City on the occasion of the 50th anniversary of the Liberation of the South and National Reunification with the theme "Journey of Creation - Reaching Out", Vinamilk General Director, Ms. Mai Kieu Lien shared about the enterprise's journey from zero to become the 6th largest dairy brand in the world and the 36th largest dairy enterprise in the world in terms of revenue.

On that journey, Vinamilk's milestones have gone hand in hand with the city's innovation and transformation.

Thanks to the policy of innovation, determination and autonomy - Vinamilk grows up with the city

This is how Ms. Mai Kieu Lien started her speech at the event, as a leading enterprise in the city. With the mission of overcoming malnutrition in post-war children and taking care of the diverse nutritional needs of all people, Vinamilk was established in 1976 on the basis of taking over 2 factories that were "shelved" in the area.

During this period, Vinamilk understood the difficulties that the city had to go through in the early days after liberation, especially the shortage of raw materials for production. With specialized knowledge of milk processing trained in Russia, Ms. Lien and her colleagues were creative, finding ways to maintain operations to ensure the lives of staff and workers.

In the early stages of Vietnam's renovation - with its origins in Ho Chi Minh City - Vinamilk also began to develop. Notably, with a very slow starting point for the Vietnamese dairy industry, Vinamilk had a strategic vision of being self-sufficient in raw materials for fresh milk production from domestic dairy cows. Together with Ho Chi Minh City, Vinamilk launched the white revolution in the early 1990s, starting the dairy farming movement in Cu Chi, Hoc Mon and then spreading to other provinces and cities across the country.

The "captain" of Vinamilk proudly shared that the Vietnamese dairy industry originated from Ho Chi Minh City. Because that livestock movement and the first factories here were the initial foundation for Vinamilk to develop a network of 15 large-scale, modern dairy farms and a system of 16 factories meeting international standards at home and abroad. Not only the model, financial resources... but also human resources such as a team of engineers and dairy experts were trained by Vinamilk in Ho Chi Minh City to develop the dairy industry nationwide.

A special milestone mentioned by Ms. Lien showing the close cooperation between Vinamilk and Ho Chi Minh City is the initial stage of enterprise equitization. In 2003, with the determination and vision of the board of directors under the leadership of Ms. Mai Kieu Lien, Vinamilk was equitized. Then, in 2006, the stock code "VNM" was officially listed on the Ho Chi Minh City Stock Exchange (HOSE), with an estimated capitalization value of nearly half of the total value of the floor at that time.

It can be said that this is not only a meaningful milestone for Vinamilk but also a successful example of the innovative "decisions" of Ho Chi Minh City. By the end of 2024, Vinamilk's capitalization reached 5.2 billion USD, an increase of more than 50 times compared to the valuation when listed at 100 million USD. The enterprise has contributed more than 19,750 billion VND to the Ho Chi Minh City budget, out of a total of 63,712 billion VND contributed to the national budget from the time of listing to the first quarter of 2025. In 2023 and 2024 alone, the budget contribution to Ho Chi Minh City will reach over 1,000 billion VND per year.

"In 50 years of development, it can be said that Ho Chi Minh City is the cradle of dynamism and creativity. Many policies and mechanisms from Ho Chi Minh City's leadership have been later applied nationwide to untie and innovate, creating great opportunities for businesses to develop. It is thanks to that innovation, determination and autonomy that there is a multinational enterprise Vinamilk today," Ms. Lien affirmed.

Shared vision of becoming "better and better"

Also at the event, representing more than half a million businesses in the area, Vinamilk was proud to be voted as one of 50 typical businesses and units of Ho Chi Minh City on the occasion of the 50th anniversary of the Liberation of the South.

Talking about the honored enterprises, Mr. Nguyen Van Duoc - Chairman of the Ho Chi Minh City People's Committee assessed: "More and more enterprises in the city are reaching out and participating in key projects; small and medium enterprises are striving to become large enterprises; large enterprises are growing larger, with scale, potential, high competitiveness and initially leading a number of key and key industries and fields and reaching international level. You are the fulcrum that inspires and strongly spreads to the city's business community".

In these aspects, Vinamilk is one of the large, pioneering enterprises with a spirit of innovation, creativity, inspiring the determination to "renew oneself", transforming strongly with Ho Chi Minh City and the country at the milestone of entering a new era.

"Like the city, Vinamilk's burning desire is to do better and better every day. Better in terms of business efficiency, brand, employee life and to contribute more to the country. We pass that flame on to the current young generation of Vinamilk, to make the brand shine brighter and brighter, both domestically and internationally," Ms. Lien emphasized.

A typical example is the impressive transformation of the billion-dollar brand starting in 2023. Not only completely renewing the brand and packaging, Vinamilk also innovated the way it approached consumers, bringing the world's leading standards and technologies to Vietnam, creating a "new playground" for the nutritional products market.

With these impressive innovations, Vinamilk is proud to bring the "Vietnamese milk" brand to conquer 63 international markets, building a dairy industry that is self-sufficient by Vietnamese people and recognized by the world.

Source: https://baohatinh.vn/vinamilk-duoc-vinh-danh-la-doanh-nghiep-tieu-bieu-nhan-ky-niem-50-nam-thong-nhat-dat-nuoc-post286861.html