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ENG
VIE ENG
Headquarter
10 Tan Trao, Tan Phu Ward, District 7, Ho Chi Minh City, Vietnam
Fax
(+84.28) 54 161 226
Tel
(+84.28) 54 155 555
Website
www.vinamilk.com.vn www.vuoncaovietnam.com www.youtube.com/user/vinamilk

GENERAL INFORMATION

Company history Business model Summary of financial information Board of Directors and Board of Management

Company History

2017
Vietnam Sugar JSC
The company invested to hold 65% of shares in Vietnam Sugar JSC.
Asia Coconut Processing JSC.
25% of shares in Asia Coconut Processing JSC
2018
Lao-Jagro Development Xiengkhouang Co., Ltd
The company invested to hold 51% of shares in Lao-Jagro Development Xiengkhouang Co., Ltd. in Laos. In 2022, Vinamilk increased its ownership ratio to 87.3% in Lao-Jagro.
2019
GTNFoods JSC
The company invested to hold 75% of shares in GTNFoods JSC, thereby participating in the management of Moc Chau Milk JSC with a herd size of 27,500 cows.
2021
Japan Vietnam Livestock Co., Ltd
Vietnam Livestock Corporation – JSC contributed 51% of the equity capital to establish Japan Vietnam Livestock Co., Ltd.
2022
Vietnam Livestock Corporation (Vilico)
All GTNFoods shares owned by the company were exchanged for shares of Vietnam Livestock Corporation (Vilico) after merging GTNFoods into Vilico.
2023
  • Introduced the new brand identity
  • Vinamilk’s brand value reached 3 billion USD
2003
Vietnam Dairy Joint Stock Company
The company was capitalized and renamed Vietnam Dairy Joint Stock Company
2006
Vietnam Dairy Joint Stock Company
The company was listed on the Ho Chi Minh City Stock Exchange (HOSE).
Vietnam Dairy Cow OneMember Co., Ltd.
Establish the Vietnam Dairy Cow One-Member Company Limited.
2010
Miraka Holdings Limited
The company invested USD 10 million to hold 19.3% of shares in Miraka Holdings Limited in New Zealand and increased to 22.8% in 2015. In 2022-2023, Miraka increased its capital, diluting Vinamilk’s contribution from 22.8% to 17.0% in 2022 and 13.6% in 2023.
2013
Thong Nhat Thanh Hoa Dairy Co., Ltd
The company invested to hold 96.1% of shares in Thong Nhat Thanh Hoa Dairy Co., Ltd., then increased to 100% in 2017;
Driftwood Dairy Holdings Corporation
70% of shares in Driftwood Dairy Holdings Corporation in California, USA, and increased to 100% in 2016.
2014
Angkor Dairy Products Co., Ltd
The company contributed 51% of capital to establish AngkorMilk Company in Cambodia and increased to 100% in 2017.
2016
APIS JSC
The company invested to hold 18.0% of shares in APIS JSC. In 2018, the company increased its ownership ratio to 20.0%.
1976
Vietnam Dairy Joint Stock Company
Vinamilk was established under the name Southern Milk - Coffee Company, taking over 3 milk factories: Thong Nhat, Truong Tho, and Dielac powdered milk.

Vinamilk’s Business Model

Vision, mission and development strategy
Vision
Become the leading symbol of trust in Vietnam for nutritional and health products serving human life.
Mission
To provide the community with top-class nutrition and quality with respect, love and responsibility for human life and society
Five-year development strategy 2022-2026
  • To develop superior products and experiences for consumers.
  • To promote the application of technology in sustainable agriculture.
  • To create new business opportunities.
  • To become a destination for talent.
What we depend on
Stakeholders
Suppliers and partners
We are working closely with thousands of dairy farmers in the country to manage and exploit.
Employees
The whole group has 9,960 employees as of December 31, 2024.
Community
The year 2024 marks the 17th anniversary of the Stand Tall Vietnam milk fund. We continue to accompany the chief nursing club and the elderly across the country, while promoting the implementation of the School Milk project.
Regulators
We are committed to developing the local economy and industry in the spirit of the rule of law.
Shareholders
We are not subject to foreign ownership limit. The shareholder structure remains diversified with the ratio of foreign/domestic investors at 52%/48% and institutional/ individual investors at 90%/ 10% (as of December 27, 2024).
Customer and consumers
We are committed to providing customers and consumers with high-quality, diverse nutritional products suitable for each customer segment through a distribution system of nearly 200,000 points of sale across Vietnam. The cumulative export market covers 60 countries/regions.
Resources
Environment
Our operations depend on renewable and non-renewable resources, especially soil, water and forests.
Product
Product portfolio with 04 main categories including Liquid Milk, Yogurt, Condensed Milk and Formula Milk. There are also Plant-Based Milks, Beverages, Ice Cream, and Beef.
Infrastructure
We are operating a system of 15 high-tech dairy farms and 16 modern factories, and a 10,000-ton chilled beef factory.
Corporate Governance
The Four Pillars of
Corporate Governance
Fairness
Accountability
Transparency
Responsibility
The Value We Create In 2024
Stakeholders
Suppliers and business partners
The total volume of purchased fresh milk reached over 227 thousand tons.
Employees
Maintain employee engagement with a lower turnover rate than the general market in the consumer goods industry.
Community
The Vietnam Milk Fund donated 630 thousand cartons of milk to nearly 8 thousand children. Supporting more than 550 thousand essential nutritional products, equivalent to 3 billion VND and more than 3000 gifts for people and children in storm and flood areas.
Regulators
Contribution to the State budget reached more than VND 4,173 billion. We also gave comments and feedback on the development of legal documents..
Shareholders
Top 10 Corporate Governance Reports (large-cap group) and Corporate Governance Exceeding Compliance in the Listed Company Award. Top 3 IR (large-cap group) activities in the IR Awards.
Customer and consumers
The level of customer satisfaction in supply and delivery of goods reached 97%.
Resources
Environment
The proportion of green energy in production activities reaches 88.77%. There are 3 farms and factories that achieve carbon neutrality according to international standards PAS 2060:2014.
Product portfolio
Launched and relaunched 125 products. Most of the products have been unified in terms of packaging according to the new brand identity.
Infrastructure
13 farms are certified to GlobalG.A.P and ISO 9001:2015, and 2 farms are certified to Organic EU. 15 factories are certified to FSSC 22000 and/or Halal and/or ISO 9000.
Financial health
Total consolidated revenue
0 billion VND
Consolidated profit after tax
0 billion VND
Total assets as of 31st December 2024
0 billion VND
Total equity as of 31st December 2024
0 billion VND
Value Chain
Upstream
Research and Development
Our marketing and R&D teams have a deep understanding of consumers and the expertise to develop products that match their needs.
Raw material area
We work closely with our suppliers to ensure their goods and services meet quality, environmental and social requirements, in addition to our strict internal standards.
Manufacture
We implement a safe, standardized manufacturing process in line with international standards. We also strive to achieve ecoefficient processes that maximize efficiency without polluting the environment.
Downstream
Distribution
An extensive distribution system and network ensures our products are effectively distributed to consumers. We strive to boldly adopt new operation models that meet the needs of domestic production and export quickly, cost-effectively, and in compliance with the law.
Marketing and Sales
We show responsibility to consumers and society by providing better products in terms of quality and more transparency in label information. We also obtain feedback from customers to create sustainable value for both consumers and the Company.

Vinamilk’s Business Model

Vision, mission and development strategy
Vision
Become the leading symbol of trust in Vietnam for nutritional and health products serving human life.
Mission
To provide the community with top-class nutrition and quality with respect, love and responsibility for human life and society
Five-year development strategy 2022-2026
  • To develop superior products and experiences for consumers.
  • To promote the application of technology in sustainable agriculture.
  • To create new business opportunities.
  • To become a destination for talent.
What we depend on
Stakeholders
Suppliers and partners
We are working closely with thousands of dairy farmers in the country to manage and exploit.
Employees
The whole group has 9,960 employees as of December 31, 2024.
Community
The year 2024 marks the 17th anniversary of the Stand Tall Vietnam milk fund. We continue to accompany the chief nursing club and the elderly across the country, while promoting the implementation of the School Milk project.
Regulators
We are committed to developing the local economy and industry in the spirit of the rule of law.
Shareholders
We are not subject to foreign ownership limit. The shareholder structure remains diversified with the ratio of foreign/domestic investors at 52%/48% and institutional/ individual investors at 90%/ 10% (as of December 27, 2024).
Customer and consumers
We are committed to providing customers and consumers with high-quality, diverse nutritional products suitable for each customer segment through a distribution system of nearly 200,000 points of sale across Vietnam. The cumulative export market covers 60 countries/regions.
Resources
Environment
Our operations depend on renewable and non-renewable resources, especially soil, water and forests.
Product
Product portfolio with 04 main categories including Liquid Milk, Yogurt, Condensed Milk and Formula Milk. There are also Plant-Based Milks, Beverages, Ice Cream, and Beef.
Infrastructure
We are operating a system of 15 high-tech dairy farms and 16 modern factories, and a 10,000-ton chilled beef factory.
Corporate Governance
The Four Pillars of
Corporate Governance
Fairness
Accountability
Transparency
Responsibility
The Value We Create In 2024
Stakeholders
Suppliers and business partners
The total volume of purchased fresh milk reached over 227 thousand tons.
Employees
Maintain employee engagement with a lower turnover rate than the general market in the consumer goods industry.
Community
The Vietnam Milk Fund donated 630 thousand cartons of milk to nearly 8 thousand children. Supporting more than 550 thousand essential nutritional products, equivalent to 3 billion VND and more than 3000 gifts for people and children in storm and flood areas.
Regulators
Contribution to the State budget reached more than VND 4,173 billion. We also gave comments and feedback on the development of legal documents..
Shareholders
Top 10 Corporate Governance Reports (large-cap group) and Corporate Governance Exceeding Compliance in the Listed Company Award. Top 3 IR (large-cap group) activities in the IR Awards.
Customer and consumers
The level of customer satisfaction in supply and delivery of goods reached 97%.
Resources
Environment
The proportion of green energy in production activities reaches 88.77%. There are 3 farms and factories that achieve carbon neutrality according to international standards PAS 2060:2014.
Product portfolio
Launched and relaunched 125 products. Most of the products have been unified in terms of packaging according to the new brand identity.
Infrastructure
13 farms are certified to GlobalG.A.P and ISO 9001:2015, and 2 farms are certified to Organic EU. 15 factories are certified to FSSC 22000 and/or Halal and/or ISO 9000.
Financial health
Total consolidated revenue
0 billion VND
Consolidated profit after tax
0 billion VND
Total assets as of 31st December 2024
0 billion VND
Total equity as of 31st December 2024
0 billion VND
Value Chain
Upstream
Research and Development
Our marketing and R&D teams have a deep understanding of consumers and the expertise to develop products that match their needs.
Raw material area
We work closely with our suppliers to ensure their goods and services meet quality, environmental and social requirements, in addition to our strict internal standards.
Manufacture
We implement a safe, standardized manufacturing process in line with international standards. We also strive to achieve ecoefficient processes that maximize efficiency without polluting the environment.
Downstream
Distribution
An extensive distribution system and network ensures our products are effectively distributed to consumers. We strive to boldly adopt new operation models that meet the needs of domestic production and export quickly, cost-effectively, and in compliance with the law.
Marketing and Sales
We show responsibility to consumers and society by providing better products in terms of quality and more transparency in label information. We also obtain feedback from customers to create sustainable value for both consumers and the Company.

Summary of Financial Information

Total asset (billion VND)
48.435
53.332
48.483
52.673
55.049
2020
2021
2022
2023
2024
Net revenue (billion VND)
59.636
60.919
59.956
60.369
61.783
2020
2021
2022
2023
2024
Profit from operations (billion VND)
13.539
12.728
10.491
10.904
11.594
2020
2021
2022
2023
2024
Other profits (billion VND)
195
4
64
6
-21
2020
2021
2022
2023
2024
Net profit before tax (billion VND)
13.519
12.922
10.496
10.968
11.600
2020
2021
2022
2023
2024
Net profit after tax (billion VND)
11.236
10.633
8.578
9.019
9.453
2020
2021
2022
2023
2024
Total dividend (billion VND)
7.836
7.871
8.046
8.046
8.046
2020
2021
2022
2023
2024
Payout ratio
82,2%
79,0%
85,2%
106,0%
101,4%
2020
2021
2022
2023
2024
Major financial indicators
2020
2021
2022
2023
2024
1. Solvency ratio
Current ratio 2,09 2,12 2,06 2,10 2,03
Quick ratio 1,74 1,72 1,70 1,74 1,73
2. Capital structure ratio
Debt/Total assets ratio 15,5% 17,7% 10,2% 16,1% 16,8%
Debt/Owner’s Equity ratio 22,2% 26,4% 15,0% 24,1% 25,6%
3. Operation capability ratio
Inventory turnover 6,47 5,93 5,86 6,14 6,13
Total asset turnover 1,28 1,20 1,18 1,19 1,15
4. Profitability
Profit after tax/Net revenue ratio 18,8% 17,5% 14,3% 14,9% 15,3%
Profit after tax/Total capital ratio 33,4% 29,7% 26,1% 25,8% 26,1%
Profit after tax/Total assets ratio 23,2% 19,9% 17,7% 17,1% 17,2%
Profit from operations/Net revenue ratio 22,7% 20,9% 17,5% 18,1% 18,8%

Board Of Directors (1)

Mr.
Alain Xavier Cany
Mr.
Nguyen Hanh Phuc
Mr.
Lee Meng Tat
Mr.
Le Thanh Liem
Mr.
Hoang Ngoc Thach
Mr.
Michael Chye Hin Fah
Mr.
Do Le Hung
Mrs.
Dang Thi Thu Ha
Mrs.
Mai Kieu Lien
Mrs.
Tieu Yen Trinh
(1): In order from left to right, from top to bottom

Board of Management

During the year, the Board of Directors passed Resolution No. 17/NQ-CTS.TC/2024 to officially appoint Mr. Doan Quoc Khanh as the Executive Director of Raw Material Development. Other members of the Board of Management remain unchanged from the previous year.
Mdm.
Mai Kieu Lien
Chief Executive Officer,
Member of BOD
Mr
Le Thanh Liem
Chief Financial Officer,
Member of BOD
Mrs.
Bui Thi Huong
Executive Director
- HR, Admin and Public Relationi
Mr
Nguyen Quoc Khanh
Executive Director – Research and Development
Mr
Nguyen Quang Tri
Executive Director – Marketing
Mr
Doan Quoc Khanh
Executive Director
– Raw Material Development
Mr
Le Hoang Minh
Executive Director – Production
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Mr.
Nguyen
Hanh Phuc
Independent Chairman
Head of the Nomination Committee
Member of Remuneration Committee
He was born in 1959. He is a member of the Board of Directors of Vinamilk and has been the Chairman since April 2022. He has many years of experience in the field of State management.
PROFESSIONAL QUALIFICATIONS
  • Bachelor of Political Science, Ho Chi Minh National Academy of Politics.
  • Civil Engineer, Hanoi University of Architecture.
EXPERIENCE
  • From 2011 to 2021, he was a member of the National Assembly (XI session, XII session), Member of the National Assembly of the XII, XIII, XIV, and held many other important positions in the National Assembly such as Member of the National Assembly Party Union, Member of the National Assembly Standing Committee, General Secretary of the National Assembly, Chairman of the National Assembly Office (XIII session, XIV), Secretary of the Party Committee of the National Assembly Office, Chief of the Party Office of the National Assembly, Chief of the National Election Council, Chairman of the VietnamAustralia Friendship Parliamentary Group;
  • From 2005 to 2011, he was Secretary of the Provincial Party Committee of Thai Binh Province and held many other important positions such as Deputy Permanent Secretary of Thai Binh Province, Chairman of the Provincial People’s Council, Secretary of the Provincial People’s Committee, Chairman of the Provincial People’s Committee, Head of the XII National People’s Delegation of Thai Binh Province.
  • From 2003 to 2005, he held the positions of Standing Committee of the Provincial Committee, Secretary of the Party Committee, Chairman of the People’s Council of Thai Binh City.
  • Before 2003, he worked as Director of Thai Binh Department of Industry, Deputy Director of Department of Construction, Deputy Director of Construction Management Department, Director of Thai Binh Ceramic Tile Company.
AWARDS
  • Second Independence Medal.
  • First Labor Medal.
  • Third Labor Medal.
  • Great National Unity Medal.
  • Second Freedom Medal of the Lao People’s Democratic Republic.
  • Prime Minister’s Certificate of Merit.
Mdm.
Mai Kieu Lien
Executive BOD member
Head of Strategy Committee
Member of Nomination Committee
Chief Executive Officer
Born in 1953, she has been an Executive Board of Directors member since her first appointment in November 2003 and has been reappointed through terms up to the present.
PROFESSIONAL QUALIFICATIONS
  • Certificate of Economics Management, Leningrad Institute of Engineering and Economics, Russia.
  • Certificate of Government Management, National Academy of Politics, Vietnam.
  • Engineer of Milk Dairy Processing technology, Moscow State University of Applied Biotechnology, Russia.
  • Certificate of Corporate Governance.
EXPERIENCE
  • She has led Vinamilk through various tenures and has held the position of CEO since 1992 until now. She has been honorably awarded many local and international prizes, such as First-class Labour Medal (2006); Asia’s Top 50 Most Powerful Businesswomen awarded by Forbes for 4 consecutive times (2012 – 2015); The Excellent Businesswomen (2014) by Corporate Governance Asia; Nikkei and New Zealand prizes for all her brilliant contributions; and Lifetime Achievement award honored by Forbes for the first time (2018), Third-Class Independence Medal awarded by the State (2023); One of the 100 most powerful women in Asia selected by Fortune magazine (2024).
  • Previously, she had more than 8 years (1984 – 1992) in the role of Deputy CEO – Economics at Vinamilk.
  • From 1976 to 1983, she had experienced many positions in many different departments and then became Deputy Technical Director at Thong Nhat dairy factory in 1982.
POSITIONS AT OTHER ENTITIES
  • Chairwoman, Vietnam Dairy Cow One Member Co., Ltd.
  • Chairwoman, Thong Nhat - Thanh Hoa Dairy Cow One Member Co., Ltd.
  • BOD member, Driftwood Dairy Holding Corporation.
  • Chairwoman, Lao-Jagro Development XiengKhouang Co., Ltd.
  • Chairwoman, Vietnam Livestock Corporation JSC.
  • Chairwoman, Moc Chau Dairy Cow Breeding JSC.
  • Chairwoman of the Board of Members, Del Monte - Vinamilk Dairy Philippines, Inc.
Mr.
Alain
Xavier Cany
Non-Executive BOD member
Member of Strategy Committee
Member of Audit Committee
Born in 1949, he has been a non-Executive BOD member since March 2018 and has been reappointed for an additional term up to the present.
PROFESSIONAL QUALIFICATIONS
  • Baccalauréat – Academie de Paris
EXPERIENCE
  • He held many executive positions at various financial corporations.
  • From 2007 to 2023, he has been Chief Representative – Group Country Chairman of Jardine Matheson Ltd. (Vietnam).
  • From 2000 to 2003, he was Head of European Business Development – Asia Pacific at HSBC Asia Pacific Head Office and then became President and CEO of HSBC Vietnam from 2003 to 2007.
  • From 1969 to 2000, he had held various executive positions at Credit Commercial de France and Banque Worms in France and Hong Kong.
  • In addition, he also held some important positions including Advisor for Foreign Trade to the French Government and Chairman of EuroCham, Vietnam Business Forum and Director of Asia Commercial Bank.
  • He was awarded Officer of The French National Merit Order and Knight of The Legion of Honor by the President of France and the Friendship Medal by the President of The Socialist Republic of Vietnam.
POSITIONS AT OTHER ENTITIES
  • Senior Advisor of Jardine Matheson Ltd. (Vietnam), parent of Jardine Cycle & Carriage Ltd since April 2023.
  • Chairman of the BOD of REE Corporation.
  • Chairman of the Advisory Board of EuroCham.
Mrs.
Dang Thi
Thu Ha
Non-Executive BOD member
Member of Strategy Committee
Member of Nomination Committee
Born in 1973, she has been a non-Executive BOD member since April 2017 and has been reappointed for an additional term up to the present.
PROFESSIONAL QUALIFICATIONS
  • Master of Business Administrations (MBA), Institute of Business Administration.
  • Bachelor of Business Administrations, National Economics University.
  • Bachelor of English Linguistics, Vietnam National University, Hanoi.
  • Certificate of Corporate Finance Consulting, Securities Research and Training Center.
EXPERIENCE
  • She has served as a BOD member in companies since 2013. She is currently a Chairwoman at Hau Giang Pharmaceutical JSC.
  • She has been working in the Investment Department of SCIC since 2008 and has held various positions in the Investment Capital Management Department. She is currently Head of Investment Department No.3.
  • Previously, she had 8 years of working experience in the field of Financial Consulting and Compliance Accounting at Trang An Securities JSC (2007 – 2008) and Mizuho Bank Hanoi (2000 – 2007).
  • She was awarded a Merit Certificate from the Minister of Finance in 2015 and a Merit Award in Finance industry for her achievements in 2016.
POSITIONS AT OTHER ENTITIES
  • Chairwoman, Hau Giang Pharmaceutical JSC.
  • Head of Investment Department No.3, SCIC.
Mr.
Do Le Hung
Independent BOD member
Head of Audit Committee
Born in 1969, he has been an Independent BOD member since April 2017 and has been reappointed for an additional term up to the present.
PROFESSIONAL QUALIFICATIONS
  • Master of Public Finance and Degree of Public Management, National School of Administration, France.
  • Certificate in Treasury Inspection, National Treasury School, France.
  • Bachelor of Finance – Accounting, University of Finance and Accountancy (Vietnam Academy of Finance now), Hanoi.
  • Certificates in Public Financial Management, Accounting, Auditing.
  • Certificates in Advanced Auditing conferred by international organizations.
  • Certificate in Advanced Director Certification Program (DCP) conferred by Vietnam Institute of Directors (VIOD).
EXPERIENCE
  • He had more than 8 years of working experience as Director of Auditing and Internal Control of Big C Vietnam.
  • He had nearly 6 years of working experience as Deputy Head of Accounting – State Treasury of Vietnam – Ministry of Finance.
  • Previously, he had more than 11 years of working at Accounting – State Treasury of Vietnam at Specialist and Executive level.
  • He received merit certificates from the Prime Minister and many from the Ministry of Finance from 1997 to 2006.
POSITIONS AT OTHER ENTITIES
He is currently an independent member of the BOD and Audit Committee of the following companies listed on HOSE:
  • Hau Giang Pharmaceutical JSC (DHG).
  • An Gia Real Estate Investment and Development JSC – An Gia Group (AGG).
  • South Logistics JSC – Sotrans Group (STG).
  • REE Corp (REE).
Mr.
Le Thanh Liem
Executive BOD member
Member of Strategy Committee
Chief Financial Officer cum. Chief Accountant
Born in 1973, he has been an Executive BOD member since April 2017 and has been reappointed for an additional term up to the present.
PROFESSIONAL QUALIFICATIONS
  • Master in Finance and International Business, Leeds Metropolitan University, UK (2012).
  • Bachelor in Economics, University of Finance – Accounting, Ho Chi Minh city, Vietnam (1994).
  • Certificate in Advanced Director Certification Program (DCP) conferred by Vietnam Institute of Directors (VIOD).
  • Certificate of Global Leadership Program (GLP), PACE Institute of Management.
EXPERIENCE
  • He has over 27 years of experience in the field of finance and accounting and has held the position of Chief Financial Officer cum Chief Accountant since 2015.
  • From 2003 to 2015, he held managerial positions at Vinamilk’s Finance - Accounting Division including Deputy Head of Accounting and Chief Accountant.
  • From 1994 to 2003, he held different positions at Finance – Accounting Division of Vinamilk.
POSITION AT OTHER ENTITY
  • BOD member, Vietnam Livestock Corporation JSC (Vilico).
  • BOD member, Del Monte – Vinamilk Dairy, Philippines, Inc.
  • Vice Chairman, Vietnam CFO Club.
Mr.
Lee Meng Tat
Non-Executive BOD member
Member of Strategy Committee
Member of Nomination Committee
Born in 1963, he has been a non-Executive BOD member since September 2016 and has been reappointed for two additional terms up to the present.
PROFESSIONAL QUALIFICATIONS
  • Master in Business Administration (MBA), Imperial College, London (1997).
  • Bachelor of Engineering (Mechanical), National University of Singapore (1988).
  • Advanced Management Programme (AMP), Harvard Business School (2005).
  • International Directors Programme (IDP), INSEAD (2017).
  • Senior Accredited Director, Singapore Institute of Directors (SID) (2024).
EXPERIENCE
  • He has many years of experience in corporate and economics management at both private and public institutions.
  • In 23 years (1999 – 2022), he held top management roles at consumer goods and tourism companies such as Fraser & Neave Ltd, Heineken-APB (China), Management Services Co. Ltd, Asia Pacific Breweries Ltd, Wildlife Reserves Singapore Group.
  • From 1994 to 1996, he was Deputy Director, Regional Tourism, Singapore Tourism Board.
  • Previously, he was Assistant Head, International Business Development, Singapore Economic Development Board from 1993 to 1994.
POSITIONS AT OTHER ENTITIES
  • Chairman, Singapore Cancer Society.
  • Chairman, Delfi Limited.
  • Chairman, Rotary Club of Singapore West.
Mr.
Michael
Chye Hin Fah
Non-Executive BOD member
Member of Audit Committee
Member of Remuneration Committee
Born in 1959, he has been a non-Executive BOD member since April 2017 and has been reappointed for an additional term up to the present.
PROFESSIONAL QUALIFICATIONS
  • MBS (with Distinction in Accounting and Finance) and BBS (with First Class Honors in Accounting and Finance), Massey University, New Zealand.
  • Fellow of Singapore Institute of Directors (SID) since 2013.
  • Member of Institute of Chartered Secretaries & Administrators (ACIS) since 1990.
  • Associate Member of Chartered Secretaries Institute of Singapore (CSIS).
EXPERIENCE
  • He has many years of experience as a company director. He is currently a member of the Board of Directors, Audit Committee and Sustainability and Risk Management Committee of Saigon Beer- Alcohol-Beverage Corporation. He is also an Alternate Director at Fraser and Neave Limited and a director of many companies in ThaiBev Group.
  • For over 22 years, he held senior positions at several financial and investment companies and has extensive international experience in many Asian countries.
  • Prior to these roles, he was a university lecturer in New Zealand.
POSITIONS AT OTHER ENTITIES
  • Member of Board of Directors at four joint-stock companies: F&N Dairy Investments Pte. Ltd., F&NBev Manufacturing Pte. Ltd., F&B Alliance Investment Joint Stock Company Vietnam, Saigon Beer – Alcohol – Beverage Corporation.
  • Capital representative for other companies within the F&N group.
Mr.
Hoang
Ngoc Thach
Non-Executive BOD member
Member of Audit Committee
Member of Remuneration Committee
Born in 1975, he has been a non-executive BOD member since April 2021 and has been reappointed for an additional term up to the present.
PROFESSIONAL QUALIFICATIONS
  • Bachelor of Accounting - Hanoi University of Commerce.
  • Master of Business Administration - Solvay School of Economics and Management, University of Brussels (Belgium).
EXPERIENCE
  • From 9/2021 - present: Head of Investment Division 5, SCIC.
  • From 12/2016 - 9/2021: Deputy Head of Risk Management Division, SCIC.
  • From 11/2009 - 11/2016: Specialist, Investment Division 5 - State Capital Investment Corporation (SCIC).
  • From 9/1999 - 10/2009: Specialist, Enterprise Equitization, Power Company 1.
POSITIONS AT OTHER ENTITIES
  • Capital representative for SCIC at Vietnam National Seafood Corporation - Seaprodex.
Ms.
Tieu Yen Trinh
  • Non-executive BOD member
  • Head of Remuneration Committee
Born in 1974, she has been a non-executive BOD member since April 2021 and has been reappointed for an additional term up to the present.
PROFESSIONAL QUALIFICATIONS
  • Bachelor.
EXPERIENCE
  • From 11/2007 - present: Founder & CEO of Connecting Human Resources JSC (Talentnet Corp).
  • From January 1996 to September 2007: Senior Manager of Human Resources Consultancy Department at PricewaterhouseCoopers Vietnam (PwC).
POSITION AT OTHER ENTITIES
  • Independent BOD member at Phu Nhuan Jewelry JSC.
  • CEO, Founder of Talentnet Corporation.
Mrs.
Bui Thi Huong
Executive Director – HR, Admin and Public Relation
Born in 1962, she joined Vinamilk in 2005.
PROFESSIONAL QUALIFICATIONS
  • Bachelor of Russian language, major in interpretation, Orion Linguistics University, former Soviet Union (1985).
  • Bachelor of Economics – Business Administration and Trade Union, Trade Union University (2000).
EXPERIENCE
  • She has been Executive Director – HR, Admin and Public Relations since 2015.
  • During over 10 years working at Vinamilk (2005 – 2014), she had held such positions as Public Relations Manager, Public Relations Director.
  • Prior to joining Vinamilk, she had been working more than 17 years at Dien Quang Lamp Joint Stock Company, holding different executive positions such as Deputy Head of Material Planning Department, Head of Sales Department, Executive Director – Sales, Vice President of Sales, and a BOD member.
Mr.
Nguyen
Quoc Khanh
Executive Director – Research and Development
Born in 1964, he joined Vinamilk in 1988.
Professional Qualifications
  • Engineer of Food and Chemistry, Ho Chi Minh city University of Technology, Vietnam (1987).
  • Bachelor of Business Administration, University of Economics, Ho Chi Minh city, Vietnam (1997).
  • Bachelor of English Linguistics and Literature, University of Social Science and Humanity, Ho Chi Minh city, Vietnam (2001).
EXPERIENCE
  • Since 2015, he has been Executive Director – Research and Development.
  • Over 10 years (2009 – present), he has held many senior management positions at Vinamilk, such as Executive Director – Supply Chain, Executive Director – Production and Research and Development, and Executive Director – Research and Development.
  • Previously, in 22 years of working (1988 – 2009), he experienced different positions at Vinamilk’s factories, for instance: Thong Nhat Dairy Factory, Can Tho Dairy Factory and became Director of Can Tho Dairy Factory in 2004.
POSITIONS AT OTHER ENTITIES
  • BOD member, Asia Coconut Processing JSC.
  • BOD member, Driftwood Dairy Holding Corporation.
  • Independent BOD member, Binh Thanh Import Export Production & Trade JSC (GILIMEX).
  • Independent BOD member, Bamboo Capital JSC.
Mr.
Nguyen
Quang Tri
Executive Director – Marketing
Born in 1971. He joined Vinamilk from 2009 to 2014 before returning and being appointed as the Chief Marketing Officer in July 2021.
PROFESSIONAL QUALIFICATIONS
  • Doctor of Business Administration at the Asian Institute of Technology.
  • Master of Business Administration at the University of Queensland, Australia.
  • Chemical & Food Engineer at Ho Chi Minh City University of Technology, Vietnam.
EXPERIENCE
  • He has been appointed as the Chief Marketing Officer since July 2021.
  • From 2019 to June 2021, he was the Marketing Director at Masan Meatlife JSC.
  • From 2014 to 2016, he was the Marketing Director at Masan Nutri-Science JSC.
  • From 2009 to 2014, he was the Category Marketing Director at Vinamilk.
  • Before 2009, he held various positions such as Marketing Director at Masan Food Company, Category Marketing Manager at Dutch Lady Vietnam, and Brand Assistant at P&G.
POSITIONS AT OTHER ENTITIES
  • Member of BOD, Moc Chau Dairy Cattle Breeding JSC.
Mr.
Doan
Quoc Khanh
Executive Director – Dairy Farm Development
Born in 1974, he joined Vinamilk in 1999.
PROFESSIONAL QUALIFICATIONS
  • Engineer in Automation, Moscow State University of Applied Biotechnology (1998).
  • He belonged to the first batch of international students sent by Vinamilk to study under the training program and prepare the team.
EXPERIENCE
  • He has been appointed to the position of Executive Director – Dairy Farm Development from September 2023.
  • From 2016 to 2023, he is the CEO of Angkormilk, a subsidiary 100% owned by Vinamilk in Cambodia, and has helped Angkormilk achieve impressive growth for many consecutive years.
  • Previously, from 1999 to 2016, he held various positions at factories and projects including: Project leader of Angkor Dairy Factory in Cambodia; Head of Technical Department, Head of Electrical Team - M&E Department and coordinate the project of installing powdered milk filling line at Dielac Dairy Factory; in charge of engineering, procurement, installation, putting into operation equipment of Saigon Coffee Factory project.
POSITIONS AT OTHER ENTITIES
  • Member of BOD and CEO, Vietnam Livestock Corporation - JSC (Vilico).
  • Member of BOD, AngKor Milk Co., Ltd.
  • Member of BOD, Moc Chau Dairy Cattle Breeding JSC.
Mr.
Le Hoang
Minh
Executive Director – Production
Born in 1964, he joined Vinamilk in 1992.
PROFESSIONAL QUALIFICATIONS
  • Mechatronics Engineering– Control and Automation, Ha Noi University of Science and Technology.
EXPERIENCE
  • He has been appointed as Executive Director of Production since February 2022.
  • From 2009 to 2022, he has experienced in management positions at Vinamilk such as: Technical Director of Factory, Asset Management Director, Technical and Construction Director of Production Department, Technical Director of Project Department, Production Planning Director and Director of Factory.
  • From 1992 to 2009, he had held many different positions in the Production Department and Project Department such as: Technical Engineer, Production Assistant Manager, Project Manager of Tien Son Dairy Factory expansion project.
POSITIONS AT OTHER ENTITIES
  • BOD member, Moc Chau Dairy Cattle Breeding JSC.