Vietnam dairy giant joins Asian Corporate Governance Association

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Vinamilk's factory in New  Zealand

Vietnam Dairy Products JSC, known more commonly as Vinamilk, has become first Vietnamese member of the Asian Corporate Governance Association, news website VnExpress reported December 21.

A Vinamilk spokesperson said being on the 94-member of the Hong Kong-based ACGA would provide a great opportunity for the firm to promote its growth in Asia and the world.

With 11 factories in Vietnam and one in New Zealand, Vinamilk exports products to 23 countries, including the US, Australia, Canada, Russia, Japan, Thailand, and the Philippines.

The firm targets total revenues of VND26.5 trillion (US$1.3 billion) this year, a 30 percent rise from last year.

ACGA, founded in 1999, is an independent, non-profit organization whose members include financial institutions, educational institutions, and accounting and law firms across the Asia-Pacific, Europe, and North America.

It provides information and analysis about corporate management in Asia and works with investors and companies to promote dialogues among commercial groups.

It also offers consultancy to governments on management issues.

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