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研究生: 陳光
QUANG - TRAN
論文名稱: Competitive Strategy of Vietnamese Dairy Industry-A Case Study of Vinamilk Company
Competitive Strategy of Vietnamese Dairy Industry-A Case Study of Vinamilk Company
指導教授: 劉代洋
Day-Yang Liu
口試委員: 曾盛恕
Seng-Su Tsang
扈永安
扈永安
學位類別: 碩士
Master
系所名稱: 管理學院 - 管理學院MBA
School of Management International (MBA)
論文出版年: 2012
畢業學年度: 100
語文別: 英文
論文頁數: 130
中文關鍵詞: Vinamilk in Vietnamese MarketCompetitive StrategyCompetitive AdvantagesVietnamese Dairy Industry
外文關鍵詞: Vinamilk in Vietnamese Market, Competitive Strategy, Competitive Advantages, Vietnamese Dairy Industry
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The Vietnam Dairy Products Joint Stock Company (Vinamilk) was established in 1976 and it has grown to become the leading corporation of the dairy industry. The company currently has 75% market share of milk in Vietnam. Vinamilk always provides with the quality products, most nutritious and delicious for health. Vinamilk also satisfies and responsible for customers by diversifying products and services, quality assurance, food hygiene and safety with competitive prices, business ethics of respect and obeying the law.
The purpose of this case study is to analyze the competitive situation of dairy industry followed by the “Competitive Strategy” theory structure of Porter (1985) and this case study is based on Vinamilk Group. Vinamilk has been so successful and kept leading position in dairy industry by strategy and market forecast success. According to the case study, there are some results after Vinamilk implemented the new strategy to compete with other competitors. The results are shown as below:
1.The improvement of organization’s branding is advantageous to compete against competitors.
2.By executing suitable strategies, the company created its own value and earn market share much aggressively in recent years.
3.Specific strategy of national distribution is able to enhance the overall performance of the company.


The Vietnam Dairy Products Joint Stock Company (Vinamilk) was established in 1976 and it has grown to become the leading corporation of the dairy industry. The company currently has 75% market share of milk in Vietnam. Vinamilk always provides with the quality products, most nutritious and delicious for health. Vinamilk also satisfies and responsible for customers by diversifying products and services, quality assurance, food hygiene and safety with competitive prices, business ethics of respect and obeying the law.
The purpose of this case study is to analyze the competitive situation of dairy industry followed by the “Competitive Strategy” theory structure of Porter (1985) and this case study is based on Vinamilk Group. Vinamilk has been so successful and kept leading position in dairy industry by strategy and market forecast success. According to the case study, there are some results after Vinamilk implemented the new strategy to compete with other competitors. The results are shown as below:
1.The improvement of organization’s branding is advantageous to compete against competitors.
2.By executing suitable strategies, the company created its own value and earn market share much aggressively in recent years.
3.Specific strategy of national distribution is able to enhance the overall performance of the company.

COVER........................................................................................................................i APPROVAL SHEET ..................................................................................................ii COMMITTEE LIST................................................................................................. ..iii ABTRACT...................................................................................................................iv ACKNOWLEDGEMENT...........................................................................................v TABLE LIST ..............................................................................................................ix FIGURE LIST..............................................................................................................x CHAPTER I: INTRODUCTION......................................................................1 1.1Motivation ....................................................................................1 1.2Purpose of Study…. .....................................................................2 1.3Research Content and Flowchart ................................................3 CHAPTER II: LITTERATURE REVIEW ......................................................7 2.1Forces That Shape Competition...................................................8 2.2Dairy Industry .............................................................................19 2.3Strategic Decisions.......................................................................26 CHAPTER III: RESEARCH METHODOLOGY ...........................................30 3.1Research Design ..........................................................................30 3.2Case Interview..............................................................................33 3.3Data Analysis................................................................................35 CHAPTER IV: INDUSTRY ANALYSIS........................................................36 4.1Back Ground of Industry……….. ..........................................................36 4.2.1History of the Dairy Sector in Vietnam.............................36 4.2.2 Cows number and milk production in Vietnam after 1990.40 4.2A brief description of Vietnamese Dairy Industry..................................41 4.2.1Dairy Industry during China’s Melamine Crisis ...............41 4.2.2Dairy Enterprises Confront "Whirlwind" Melamine…….43 4.2.3 Attractiveness of Vietnam’s dairy industry……………….45 4.2.4 Market Share Outlook.........................................................47 4.3Company Analysis .................................................................................49 4.3.1Overview of Business Activities…………………………49 4.3.2 Vinamilk Group’s History …… ........................................51 4.3.3Company’ Organizational Structure..................................54 4.3.4Vinamilk’s Main Competitors...........................................58 4.3.5Vinamilk’s SWOT Analysis..............................................65 4.4 Michael Porter’s Five Forces Analysis.................................................68 CHAPTER V: CASE STUDY ANALYSIS ...................................................70 5.1 Identifying Market Opportunit……………………………………..70 5.1.1The rapid growth of Vietnam’s economy..........................70 5.1.2Milk Consumption & Demand…………………………...74 5.2Competitive Advantages of Vinamilk Group………………………….77 5.2.1 Powerful Brand Name and Long Operating History……...77 5.2.2 Diversified Product Mix…………………………………..77 5.2.3 Extensive Distribution Capabilities……………………….79 5.2.4 Aggressive Brand Management and Promotion……….….80 5.3 Organic Growth…………………………………………………………82 5.4 Main Competitive Strategies………………………………………….86 5.4.1 Extend Distribution Network……………………………..86 5.4.2 Develop R&D and Implement Strategic Alliance with Reputed Organizations.................................................................88 5.4.3 Development and Diversification Products……………….89 5.4.4 Enhance Corporate Governance..........................................91 5.4.5 Innovate Internal Audit: More Transparency in Group…...93 5.4.6 Calling More Investments from Overseas………………...96 5.5 Reinforce Vinamilk’s Image in Environment & Community Activities...97 5.5.1 Sustainable Development…………………………………97 5.5.2 Innovations in Saving Energy…………………………….98 5.5.3 Contribution to Economy and Society……………………99 5.6 Strategic Competitiveness Outcomes......................................... 104 5.7 Thoughts for Future: Next Development Period..........................106 5.8 Reinforce 4P Marketing Strategy As Company’s Competitive Advantage…………………………………………………………………….108 CHAPTER VI: CONCLUSION AND RECOMMENDATION ...................111 6.1Conclusion .................................................................................111 6.2Recommendation........................................................................113 6.3Research Limitation and Further Research...............................115 REFERENCES..........................................................................................................116

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