Analyst Pin-board: Vinamilk – Seeking Opportunities in New Export Markets
With the local demand for dairy products slowing down, large firms such as Vinamilk, are faced with one-digit organic growth over the next few years. Hence they are seeking opportunities to add products as well as expand in international markets. This is ceratinly a step which VNM must take to avoid facing the general decline in the domestic market. In VNM Result Update that Rong Viet Securities published recently, we mentioned that VNM is looking for opportunities to expand sales in markets such as Myanmar and Indonesia through the establishment of Joint venture with local companies. Why did VNM choose these two markets? Is this the right strategy? Traditional products such as condensed milk, powder milk and yoghurt are the main products that VNM is promoting internationally.
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