AsemconnectVietnam - Vinamilk's Board of Directors emphasized the strategy of product innovation, technology and user access. Based on expectations of an improved macro situation in 2025, the Company targets 4.3% growth for both revenue and pre-tax profit.

Continue to pay high cash dividends
In 2024, Vinamilk recorded a total consolidated revenue of VND61,824 billion, up 2.2% over the same period in 2023; consolidated after-tax profit reached VND9,453 billion, up 4.8% over 2023. Both domestic and foreign business results regained growth momentum, with the foreign market achieving the highest growth rate in the past 5 years. The fast-moving consumer goods (FMCG) industry in Vietnam in 2024 will grow in value by 2.3% over the same period last year, surpassing the 1.1% increase in 2023.
In 2024, Vinamilk will continue to record impressive results in export activities with net revenue reaching VND5,664 billion, up 12.4% over the same period. Traditional and strategic market groups all contributed positively to this result.
Sharing more at the conference, Vinamilk's General Director said that in early 2025, Vinamilk's export activities showed positive signs when it initially brought condensed milk products to the European market. The export results in the first quarter of 2025 continued the growth momentum of the previous 6 quarters, expected to increase by double digits. Since the start of exporting in 1997, Vinamilk's products have been exported to 63 international markets, with a total cumulative export turnover exceeding USD3.4 billion.
Based on the actual situation and forecasts, as well as strategic goals for 2025, Vinamilk continues to set a target of 4.3% growth in total consolidated revenue, equivalent to VND64,505 billion and a 4.3% increase in pre-tax profit, reaching VND12,102 billion. The expected cash dividend rate is at least 50% of the 2025 consolidated after-tax profit plan. The source of payment will be taken from "Undistributed after-tax profit" on the Company's financial statements published in the most recent quarter before the payment date.
The meeting also approved the full reversal of the current balance of the Development Investment Fund on the audited separate financial statements dated December 31, 2024 on the company's undistributed profit after tax and approved the cessation of the development investment fund allocation from 2025. The meeting also approved the adjustment of the company's charter to be consistent with the cessation of the development investment fund allocation... Regarding the 2024 dividend plan, Vinamilk approved a cash dividend of 43.5%, an increase of 5% (equivalent to VND500/share) compared to the 2023 dividend. The total value of the annual dividend expected to be paid to shareholders is up to more than VND9,091 billion, equivalent to 108% of the after-tax profit allocated to the Company's owners in 2024.
Revenue is changing in a positive direction
Sharing at the Congress, Ms. Mai Kieu Lien, Member of the Board of Directors, General Director of Vinamilk, said that the macro situation in 2025 is witnessing many major fluctuations, Vinamilk will strive to adapt as quickly as possible and provide timely support to customers and consumers to complete the revenue, profit and dividend plans approved by the congress. The basis for this is that Vinamilk in 2024 has completed the fundamental steps in its comprehensive innovation strategy. Clearly from products, services, customer approach, along with the management method, digital transformation of business, as well as investment in technology development, human resources for future projects.
Sharing the concerns of shareholders about the current tariff situation, Ms. Mai Kieu Lien said that the application of tariffs according to the new policy of the countries will have many issues to worry about, not only export but also the maintenance of jobs, so the increasing trend of savings will affect consumption in general and the dairy industry in particular. If this mentality is relieved, consumption will soon be restored.
For the dairy industry, especially the milk segment for children, it is still facing many difficulties. One of the main reasons is the declining birth rate, which has negatively impacted the industry in the past two years. In addition, the policy of allowing mothers to take longer maternity leave also contributes to changing consumption habits: young children are breastfed more, leading to a decrease in demand for formula milk.
“The above practical issues pose an urgent need for dairy businesses to seek new solutions that are suitable for the changing trends and needs of society,” Ms. Lien added.
Responding to a shareholder's question about the business situation in April 2025, Ms. Lien said that the business situation is developing very well compared to the same period in 2024, Vinamilk is seeing a bright future this year.
“In the first quarter of 2025, we have reformed the distribution system, accepting to completely redo it, changing many distributors and recruiting new teams, so from the beginning of April 2025 until now, it has been changing in a very good direction. It is estimated that April this year will grow by double digits compared to April 2024,” Vinamilk CEO added.
Regarding the import of raw materials and the increase in prices of dairy products in the context of increasing input materials as present, according to Ms. Lien, the import of raw materials this year will increase by about 4.2%. "In the first quarter, it increased by 4.5%, but we only increased by more than 2%. It is expected that the prices of goods for the whole year will only increase by about 3%."
N.Nga
Source: VITIC/Tinnhanhchungkhoan