Good afternoon, ladies and gentlemen, thank you all for taking the time to attend this meeting. My name is Cherry, and I’m here to give a brief presentation on the company, Vinamilk Corporation. Our talk is very short so please keep your questions for the end.
The first part of our presentation is about the company structure of Vinamilk Corporation. The second part looks at the strengths and the present activity of the company in Vietnam, and in the last part we want to talk about our future plans.
First, the structure. Let’s start with the company’s history with some significant events. As you know, in 1976, our company was founded under the name of Southern Coffee-Dairy Company, a subsidiary of the General Food Directorate and had six factories in operation, namely Thong Nhat Dairy Factory, Truong Tho Dairy Factory, Dielac Factory, Bien Hoa Coffee Factory, Bich Chi Powder Factory and Lubico. In 1992, the company was formally renamed Vietnam Dairy Company and came under the direct management of the Ministry of Light Industry after introducing powdered milk, cereal with milk powder at the first time in Vietnam in 1988 and launching UHT milk, spoon yoghurt to Vietnam market in 1991. At this time, we started focusing on the manufacturing and processing of dairy products. Specially, in December 2003, our company was formally converted into a joint stock company and changed its name to Vietnam Dairy Products Joint Stock Company to reflect its change in status. We are the leading producer of dairy products in Vietnam based on sales volume and revenue. Our products range from core dairy products such as liquid and powdered milk, to value-added dairy products such as condensed milk, drinking and spoon yoghurt, ice cream, and cheese. We have the largest and leading distribution network in Vietnam, so we leverage it to introduce new products to the market, such as juices, soya milk, bottled drinking water and coffee, giving us broad access to consumers. Our Head Office...