Vinamilk Essay

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Annual Report 2009 Belief in TRUE VALUES FOR THE BRIGHT FUTURE OF THE NEXT GENERATION Contents 04 Message 06 06 07 08 Vision Mission Core values Message from the Chairwoman 12 Report of the Executive Board 14 20 21 22 26 Business review Business strategy Distribution network Competitive advantages Product portfolio 34 Financial highlights 36 Outstanding performances 38 Corporate profile 40 44 46 48 50 53 Company introduction Company introduction Organization and management structure Board of Management Executive Board Inspection Committee 54 Corporate governance 56 66 68 70 Governance report Risk management Investor’s relations Community activities 72 Financial statements 01 02 03 04 08 09 10 12 Corporate information Statements by Board of Directors Independent auditor’s report Consolidated balance sheet Consolidated statement of income Consolidated statement of changes in equity Consolidated statement of cash flows Notes to the consolidated financial statements Vinamilk Annual Report 2009 - www.vinamilk.com.vn 40 Company’s address 42 Address of factories MEssAGE ũ ũ ũ ũ Vision Mission Core Values Message from the Chairwoman A true FLAVoR VIsION - MIssION - CORE VALUEs VIsION “To become the leading Vietnamese trusted brand on nutrient and healthy products for human life and to be positioned one of 50 biggest dairy companies over the world“ MIssION “Vinamilk commits to bring the communities the best-quality nutrition source that conveys our respectability, love and responsibilities for the people, life and society” 6 CORE VALUEs 1. Integrity Integrity, transparency and morals can be found in whatever we do. 2. Will We dare to think, to do, to take responsibilities and to overcome challenges to realize the committed targets. 3. Creativity We always highly appreciate the passion, unique discovery and

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