Vietnamese dairy giant Vinamilk enters South Korean market

	Dairy giants make huge investment as Vietnam ramps up milk production
	Shares in Vietnam’s dairy giant Vinamilk soar by 4 percent after trip to China
	Vietnam dairy giant Vinamilk builds organic milk farm in Laos

Vinamilk products. (Vina Korea-Yonhap)

Accordingly, Vina Korea, a Korean company set up by five local distribution firms for the sale of Vinamilk products, began to sell milk tea, soybean milk and condensed milk-based coffee products in the Korean market through online stores Thursday, Vina Korea Chief Financial Officer Yun Yo-wang in Seoul said by phone.

"Vinamilk decided to advance into Korea as it sees big growth potential in the local premium milk market. Vinamilk products meet high Eurozone hygiene and food safety standards," Yun said.

Vinamilk products are available on online shopping malls, such as 11Street Co. and eBay Korea LLC, Vina Korea said in a statement.

Vinamilk, established in 1976, owns 13 factories in Vietnam and the largest Global Animal Partnership (GAP) certified dairy farm network in Asia. It also runs farms and plants in the United States, New Zealand, Cambodia and Poland.

Vietnam’s biggest dairy company, one of the world’s 50 largest dairy producer, saw its export revenues rise 14.8 percent last year to VND5.17 trillion (USD 223 million), said Vnexpress.

In a statement in February, Vinamilk said it has signed a USD 20 million deal with a distributor in Dubai to supply dairy products from the second quarter of 2020.

The deal with the distributor was signed at the Gulfood Dubai 2020 trade exhibition this week./.

South Korean student cycles across Vietnam Bae Dong Il, a 24-year-old South Korean student, cycled thousands of kilometers from north to south to immerse himself in local landscapes.

Korean football club fined after allegedly filling empty seats with 'sex dolls' The football team FC Seoul has been handed a 100 million KRW (USD 81,300) fine after being accused of placing sex dolls in its stands to ...

South Korean workers approved for exceptional entry to Vietnam Vietnam granted hundreds of South Korean workers exemptions from its coronavirus entry ban with two chartered flights head to Vietnam for their business travels.