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Vinamilk acquires all of Angkor Dairy Products

Vietnamese dairy giant expanding abroad, chasing $3 billion turnover this year

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Vinamilk products on sale at a Fivimart outlet in Hanoi, the Vietnamese capital.   © Reuters

HO CHI MINH CITY -- Vietnam Dairy Products, or Vinamilk, announced late last week that it has acquired the other 49% of its Cambodian joint venture, Angkor Dairy Products, for $10 million from BPC Trading, its local partner.

The move is part of an ambitious foreign expansion program with Vinamilk chasing annual revenue of $3 billion in 2017 from $2 billion last year. The company told the Nikkei Asian Review that it is on track and market conditions are favorable.

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