Thai Tycoon Increases Vinamilk Investment
Thailand's TCC Group subsidiary F&N raises its Vinamilk stake to 18.69%, betting on Vietnam's consumer market for the long term.
[Thai Tycoon Increases Vinamilk Investment]
Vinamilk is Vietnam's largest dairy company, commanding over 50% of the domestic market and actively expanding overseas.
As Southeast Asia's leading dairy firm, Vinamilk's products are sold in more than 50 countries. Its stable revenue and generous dividends have attracted significant foreign investment.
▍ F&N Keeps Buying
F&N Dairy Investments recently announced it had increased its stake in Vinamilk to 18.69%.
F&N is a subsidiary of the TCC Group, controlled by Thai billionaire Charoen Sirivadhanabhakdi. Since its initial investment in 2005, F&N has steadily accumulated shares. This latest move signals long-term confidence in Vietnam's consumer market and a desire to influence Vinamilk's strategic direction.
▍ Expanding International Partnerships
Beyond Thai capital, Vinamilk has been actively building international partnerships.
The company works with global nutrition leaders including Switzerland's DSM, Denmark's CHR Hansen and Japan's Kanematsu to improve product quality. It has also entered the Chinese market through local distributors to strengthen brand presence.
Beyond dairy, Vinamilk recently announced a joint venture with Japan's Sojitz Corporation to set up a cattle farm and beef processing plant in Vinh Phuc province in northern Vietnam, betting on the country's growing demand for beef.
▍ From Dairy to Diversification
These moves show Vinamilk is aggressively pursuing internationalization, expanding not just its market reach but also its product value and brand image.
The author has visited Vinamilk's headquarters in Phu My Hung. Though a semi-state-owned enterprise, the company has cultivated an innovative culture. In recent years, it has boldly redesigned its product packaging to appeal to younger consumers.
