Established in 1976, Vietnam Dairy Products Joint Stock Company (VINAMILK) has since grown strongly and become the leading business of the milk processing industry, now occupying 75% of the milk market share in Vietnam. In addition to strong domestic distribution with a network of 183 agencies throughout all 64 of 64 provinces. Vinamilk products are also exported to Iraq. In most western countries it does not meet the local hygiene standards and is therefore not allowed to be imported. VINAMILK is a state owned company so that in Vietnam no competition to VINAMILK exists. This monopol situation enables VINAMILK to very high profits based on a high pricing of their products in the locla market.
Also several joint ventures, such as the $45 million-dollar venture with SABMiller PLC to build a brewery in the Binh Duong province.