Vinamilk signs $20M Dubai export contract

Vinamilk products are seen at a factory in Binh Duong Province. Photo by VnExpress/Quynh Tran. Sketched by the Pan Pacific Agency.

HANOI, Feb 23, 2020, VN Express. Vinamilk has signed a $20 million deal with a distributor in Dubai to supply dairy products from the second quarter of 2020, VN Express reported.

Vietnam’s biggest dairy company said in a statement that the deal with the distributor, whom it did not identify, was signed at the Gulfood Dubai 2020 trade exhibition this week.

The Middle East currently accounts for 75 percent of Vinamilk’s exports. Its other major foreign markets are Japan, South Korea, Singapore, and China.

Vinamilk, one of the world’s 50 largest dairy producer, saw its export revenues rise 14.8 percent last year to VND5.17 trillion ($223 million).

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