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Vinamilk exports hit hard by war in the Middle East

Vietnamese SOE marks first decline in overseas sales

A Vinamilk booth at the Gulfood 2016 exhibition held in Dubai

HO CHI MINH CITY -- Vietnam Dairy Products says that its overseas operations were hit by a halt in its exports to the Middle East due to geopolitical conflict there.

Despite recording a 8.9% rise in total sales at 51 trillion dong ($2.23 billion) for 2017, the company, better known as Vinamilk, reported a 14.2% decline in revenue from overseas. It said that net profit grew 9.7% to 10.27 trillion dong.

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