HÀ NỘI — Vinamilk will continue expanding its farm network to secure supplies of fresh milk, with current capacity already sufficient to meet demand through 2027.

The information was released at its second-quarter 2026 investor meeting last week, providing updates on the company’s domestic business, exports and expansion plans.

In 2026, existing farms will continue increasing their herd sizes, while two new farms are planned: Tây Ninh 2, with a capacity of 8,000 cows on 678ha, adjacent to the existing 8,000-cow Tây Ninh 1 farm, and a new farm in Bình Định.

Vietcap Securities (VCI) said the investments are expected to secure Vinamilk’s fresh milk supply through 2028.

Vietcap expects Vinamilk’s gross profit margin to remain broadly stable at a level similar to that recorded in the first six months of 2026.

Input prices have been locked in through the end of the year, while increases in production costs remain under control, it said.

Vinamilk implemented a modest 3-4 per cent price increase in early April. The company’s management said it had no plans for further price increases in the second half of the year, as it sought to share the burden with consumers.

Instead, the company aims to drive revenue growth by increasing sales volumes and improving its product mix.

Regarding exports, Vinamilk’s management said disruptions caused by the conflict in the Red Sea had affected shipping operations, forcing the company to adjust maritime routes to maintain deliveries.

The situation, however, has shown signs of easing, and Vinamilk is maintaining its export target for the third quarter.

The company will also continue to use both FOB and CIF trading terms flexibly, depending on individual markets, to optimise margins and share shipping risks with customers.

In Cambodia, Vinamilk’s subsidiary Angkormilk recorded double-digit growth in both revenue and profit in the first half of the year.

Management, however, noted that such growth would be difficult to sustain in the remaining quarters, as the comparison base in the same period of 2025 was already high. — VNS