Home Food Dairy Vinamilk gets approval for JV in the Philippines

Vinamilk gets approval for JV in the Philippines

Image by Vinamilk

Vinamilk, Vietnam’s biggest dairy company, said in an announcement that it has received the offshore investment registration license no 202100911 dated 3 February 2021 from the Ministry of Planning and Investment to approve the company to set up a joint venture company in the Philippines.

Vinamilk will hold a 50% stake in the joint venture, while the joint venture partner (unnamed) will contribute the remaining 50% of capital. The total initial investment capital is USD 6 million.

The entry of Vinamilk into the Philippines will be an interesting story to follow. We have seen Dutch Mill from Thailand establishing a name in yogurt/probiotic drink and Aice from China/Singapore in ice cream. Japan’s Asahi has recently entered into the cultured milk space with the Goodday brand.

The key question is which sub-category would Vinamilk be interested to enter in the Philippines. Our take is organic milk as Vinamilk has a complete production chain for organic milk, which will make organic milk more accessible to the masses. At the moment, Arla is active in organic milk in the Philippines.


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