Vinamilk’s top export markets are Iraq and Cambodia

Vinamilk has made ambitious plans after it reported its record results in 2006. Stiff competition and high raw-material costs failed to dampen Vinamilk’s results. It reported profits of $46 million, or a share price of $0.28 (up 20.8 percent over the previous year).

As a result, the processor powdered and condensed milk, fresh milk and yoghurt drinks has set targets of 15-20 percent growth of products in 2007.

Vinamilk says its major export market is still Iraq, where it maintained an average export value of over $80 million. Meanwhile, Cambodia was its fastest-growing market, reaching a business value of $3 million—up 74 percent compared to 2005.