MYANMAR March 2019
 
Vinamilk to open its 1st dairy plant in Myanmar
 
Vinamilk is set to open its 1st dairy plant in Myanmar this year to meet growing demand for its products.
This plant will also be its 2nd plant in the ASEAN market after its 1st factory in Cambodia. Meanwhile, another joint-venture is in the drawing phase in Indonesia. Vinamilk is also preparing its entry into the China market this year, with the draft version of the protocol that allows Vietnamese dairy products to be officially exported to China already being prepared by Chinese authorities and is expected to be signed in April 2019.
Not much details are available for the Myanmar dairy plant, except it was known that Vinamilk will cooperate with its local partner, Synchro World, which is currently its distributor for Vinamilk products since 2016.
Myanmar is one of Vinamilk's strategic markets to offset declining revenues in the Iraqi market, which once accounted for 60% of its exports. In 2017, Vinamilk reported falling exports for the first time in 20 years due to political tensions in the Middle East.
To overcome such challenges, Vinamilk is adopting a change in its strategy and will move from traditional exports to intensive collaboration with distribution partners in new key markets, and eventually build production facilities in high potential markets such as Myanmar.
Vinamilk Chief Executive Mai Kieu Lien earlier said Vinamilk will allocate US$750 million for acquisitions, building new facilities and setting up cattle farms between 2017 and 2021. Presently, Vinamilk has 13 plants and 10 dairy farms in Vietnam, a plant each in the US, New Zealand and Cambodia and a subsidiary in Poland. Last year the company paid US$19.7 million to buy a 51% stake in Laotian company Lao–agro Development Xiengkhouang Co., Ltd, to set up a series of hi-tech beef and dairy farms based on Japanese technology. Vinamilk's products are now available in 46 countries and territories, and it recorded sales revenue of Dong 52.6 trillion (US$2.28 billion) in 2018.
 
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