1.
Character
In 2010, Vinamilk is the first diary company in Asia to corporate with World Dairy Sustainable
Development Framework (DSF) to carry out a program which assess and identify key aspects of
sustainable development at Vinamilk in particular and in the Vietnamese dairy industry in
general. According to the report in 2020, Vinamilk's CRP score leads the ranking, helping
Vinamilk to become Vietnamese consumers’ most chosen brand for eight consecutive years.
According to the resolution of the 2022 Annual General Meeting of Shareholders of vinamilk,
Mr. Nguyễn Hạnh Phúc, who previously served as a Member of the Central Party Committee,
Head of the Office of the National Assembly, became Chairman of the Board of Directors for the
2022-2026 term. Ms. Mai Kiều Liên as the CEO of Vinamilk for the new term. Ms. Liên
concurrently holds the position of Chairwoman of the Strategy Committee. She has over 25 years
of experience as CEO (since 1992 to present), leading Vinamilk through many period.
2. Capacity
- Vinamilk's financial analysis shows a solid liquidity position, with its liquidity ratio stable
between 2.06 and 2.12 over the past three years, allowing the company to meet short-term debts
effectively
- However, its efficiency ratio has declined from a peak of 10.83 in 2021 to 9.85 in 2023,
signaling a need to improve operational efficiency
- The net profit margin also decreased from 17.45% in 2021 to 14.94% in 2023, likely due to
rising costs or diminished pricing power, though a slight improvement in 2023 indicates potential
cost-saving measures.
- Additionally, the debt-equity ratio rose from 48.76% in 2021 to 50.38% in 2023, reflecting
increased borrowings for expansion, but remains below the 2.0 benchmark, suggesting effective
financial leverage management
Vinamilk is a financially strong and operationally efficient company with good profitability
and significant growth potential. Its liquidity and moderate debt levels ensure that it can manage
its financial obligations and continue investing in expansion. The company has demonstrated
resilience in maintaining profitability amid challenging market conditions, although there is
room for improvement in efficiency as it scales up.`````````````````````````````````````````
