Vinamilk was established on August 20, 1976 with 3 Factories Thong Nhat, Truong Tho, Dielac.
Launched children’s powdered milk and nutrition powder for the first time in Vietnam.
Initiated the “White Revolution”, and pioneered the building of dairy material areas.
Introduced UHT Sterilized and Yoghurt for the first time in Vietnam market.
Established the “Vinamilk - Nurturing young Vietnamese talent” scholarship fund.
Successfully equitized and officially renamed to Vietnam Dairy Products Joint Stock Company.
Tuyen Quang Dairy farm - - the first dairy farm into operation.
Obtained the Environmental Management System Certificate according to ISO 14001 standard.
Accompanied the National School Milk program.
Established "Stand Tall Vietnam Milk Fund".
Established health nutrition counseling centers across the country.
Used Biomass steam in production.
Promulgated Code of Conduct, established and communicated the Core Values.
Developed Corporate Governance Regulations, set up and maintained operational structure and corporate governance principles according to advanced practices.
Obtained the Energy Management
System Certiticate according to
ISO 50001
standard.
Officially applied and published the Sustainable Development Program according to GRI standard.
Used energy from CNG compressed air in production.
Nghe An Dairy Farm was the first farm in Southeast Asia as well as one of three farms in Asia to qualify the GlobalG.A.P GlobalG.A.P standard.
Obtained the Food Safety Certificate according to FSSC 22000 standard.
Obtained the Occupational Health and Safety Management Certificate according to OHSAS 18001/ ISO 45001 standard.
Da Lat Dairy Farm was the first farm in Vietnam certified by Control Union to meet European organic standards.
Officially launched Vinamilk’s Six Cultural Principles.
Launched the first 100% Organic Fresh Milk product in Vietnam.
Vinamilk was honored as Top 10 Sustainable Enterprises in Vietnam in the Manufacturing segment.
Started to install and use solar energy systems for farm systems.
Pioneered to launch the first 100% A2 Fresh Milk product in Vietnam.
Promulgated the Regulation on anti-fraud and anti-corruption and established a Compliance Committee.
Launched the first Organic Powered Milk and Nutrition Power Products in Vietnam.
Accomplished the goal of planting over 1.1 million trees in Vietnam.
Topped for the 3rd continuous time at Top 100 Vietnam Best Places to Work (Anphabe).
Won the first place in the category of Best Corporate Governance company (large cap group).
- Launched the Green Farm – an eco friendly model.
- Cooperated in implementing a project on Sustainable Development under the Global Dairy Sustainability Framework (DSF).
- Become The Partner of Anphabe, promoting a good working environment in the business community.
- Top 8 most valuable dairy brands in the world (valued at USD 2.4 billion-according to Brand Finance - UK).
- Top 27 most valuable brands in the global food industry (according to Brand Finance - UK).
- Top 40 dairy companies with the highest revenue in the world (according to Plimsoll - UK).
- Enterprise with Best Community Progamme and Enterprise with Best Community product (Global CSR Awards 2021 - ACES Awards).
- Asia’s Best Community Centric Company Of The Year ( Asia corporate excellence & sustainability awards 2021- ACES Awards 2021).
- Ranked Top 10 Sustainable Development Enterprises in the manufacturing sector in Vietnam for 6th consecutive years.
- First prize in Sustainable Development Report 2021 ((Vietnam Institute of Directors - VIOD). ((Vietnam Institute of Directors - VIOD).
| ASPECTS | KEY AREAS | SUSTAINOGRAM | RESULTS 2021 | SDGs |
|---|---|---|---|---|
| Economy | ||||
| Economic performance | Sustainable growth | $ Total consolidated revenue (VND billion) | 61,012 |  |
| $ Consolidated profit before tax (VND billion) | 10,633 | |||
| Value brought to shareholders and investors | $ Value paid to shareholders and investors (VND billion) | 7,524 | ||
| Value brought to the government | $ Contribution to the state budget through taxes (VND billion) | 5,322 | ||
| Salary and welfare | $ Employee welfare (VND billion) | Over 1,000 | ||
| Indirect economic impact | Value traded with suppliers | $ Transaction value with supplier (VND billion) | 33,206 | |
| Create sustainable jobs | # Jobs created at VNM | 7,933 | ||
| Develop local economy | # Amount of milk purchased from farmer (tons) | 193,526 | ||
| Society | ||||
| Labor and employment | Salary and welfare | % Employees satisfy with the working environment | 85.9 |  |
| GCohesion and loyalty | % Rate of resignation | 3.9 | ||
| Occupational safety and health | % Rate of work-related injuries (IR) | 0.07 | ||
| % Rate of work-related ill health (ODR) | 0.10 | |||
| # Workers covered by an occupational health and safety management system” | 7,933 | |||
| Training and development | # Number of training courses held | 597 | ||
| # Number of participants in training courses | 25,536 | |||
| # Average training hours - Manager level | 26.5 | |||
| # Average training hours - Staff level | 41.1 | |||
| # Average training hours - Male | 42.1 | |||
| # Average training hours - Female | 33.5 | |||
| Diversity, equality and open communication | % Percentage of women in management | 27.7 | ||
| % Percentage of female leaders in the executive board | 40 | |||
| Labor relations | % Employees participating in collective bargaining agreements | 100 | ||
| Product responsibility | Safe and quality products | % Products that rated for safety and quality | 100 |  |
| # Number of product recalls | 0 | |||
| % Products manufactured under the FSSC 22000 certified system | 100 | |||
| Transparent labeling | % Product labels controlled for information | 100 | ||
| Responsible communication and marketing | # Number of misconduct incidents related to Responsible marketing and communications | 0 | ||
| Satisfy customers | % Satisfy domestic customershàng nội địa | 97.7 | ||
| % Satisfy international customers | 98.4 | |||
| Environment | ||||
| Raw Materials | Sustainable raw material source and circular economy | # Initiatives on 3R (Reduce - Reuse - Recycle) | 69 |  |
| $ Value of savings from initiatives (VND billion) | 6.5 | |||
| Energy | Efficient energy usage | # Energy consumed / ton of product (KJ/ ton of product) | Page 188 | |
| Modern technology 4.0 and green energy | % CNG/ total energy use ratio | 23.59 | ||
| % Biomass/ total energy use ratio | 65.58 | |||
| Soil | Sustainable soil management | $ Value of trees planting to creat green patched and prevent erosion (VND billion) | >3.2 | |
| Water | Responsible, efficient and recirculated water usage | % Percentage of water recovered | 5.4 | |
| % Water used / ton of product | Page 188 | |||
| Waste and effluents | Waste and effluent control and circular economy | # Total amount of wastewater by source (m³) | 3,560,789 | |
| # Total amount of waste by type and disposal method | Page 189 | |||
| # Total amount of water consumption (m³) | 3,626,674 | |||
| # Incidents related to the environment | 0 | |||
| Emissions | Reduce CO2 emissions | # CO2 emission / ton of product | Page 189 | |
| Climate change resist | ||||
| Industry Standards | ||||
| Animal welfare | Cow welfare | # Number of EU Organic certified farms | 3 |  |
| # Number of China Organic certified farms | 2 | |||
| # Number of farms certified to GlobalG.A.P standard | 13 | |||
| Health and nutrition | Appropriate and quality nutrition source | % Percentage of fat reduced products | 0.15 | |
| % Percentage of sugar reduced products | 6.16 | |||
| % Percentage of products without added sugar | 11.32 | |||
| % Percentage of plant-based products in the product structure | 1.07 | |||
| % Percentage of vitamin and minerals supplement products | 80.00 | |||
| % Percentage of soluble fiber supplement products | 11.54 | |||
| % Percentage of probiotic supplement products | 4.48 | |||
| % Percentage of naturally fermented products | 16.64 | |||
| Green, clean and organic products | % Percentage of organic products | 0.21 | ||
| Diversify products | Products meet diverse needs | # Innovation and diversifying products | 21 new products 28 innovative products |
|
Consolidate the leading position in Vietnam’s dairy industry
Accelerate research and development of new products, aiming to serve comprehensive nutritional needs
Put consumer experience at the heart of developing omnichannel outreach and distribution strategies
Apply Internet of Things, big data, automation and robotics technologies, thereby improving transparency, efficiency, and biodiversity of farming, livestock, and exploitation activities
Develop the largest international-standard certified dairy farm system in Vietnam
Implement international standards on sustainable development, increased use of green energy, circular economy, preservation of water and land resources
Exploit business opportunities in new markets through M&A, JV, or venture capital activities
Support and invest in start-up projects in accordance with the Company’s growth strategy
Continue to strengthen conventional export markets while seeking opportunities to invest in local production
Continue to build a corporate culture towards innovation and creativity
Establish a working and training environment for employees to grab new opportunities for transformation
