Comparison between Vinamilk and TH True Milk
In general, TH True Milk just has launched recently, it
is difficult to have an official statistics on the business
performance of the company. So we need to consider
the other factors before saying that TH Milk can be a
rival of Vinamilk or not.
a. Retail prices
In terms of cost, the fresh milk of TH Milk has higher
prices than Vinamilk, an average of 26,500 dong / 4
cyclone box 180 ml. Meanwhile, the price of Vinamilk
is 22,500 VND / 4 cyclone box 180 ml. However,
Director General of TH Milk said that TH Milk milk
prices may come to a reasonable level when the
company’s operation more stable and the raw milk
production of the company is expected to more than 3
- 4 times of total market in the next 4 years.
Competitive Positioning:
TH True milk
8
b. Retail system
Vinamilk owns more than 140,000 retail locations
while TH Milk could also be available in major retail
systems such as Co.opMart, Big C, and MAXIMARK.
To catch up with Vinamilk which is one of the strongest
corporations in Vietnam for a long time, TH Milk
surely need more time. In the near future, the company
has shown the determination of building 20 TH True
Mart stores chain.
c. Factoring scales
Considering the factories scale, vinamilk not only
focus on fresh milk but also many other items such as
cheese, yogurt, and beverage. Most of the production
lines of fresh milk of Vinamilk has a stable operation
with maximum power. Meanwhile, TH Milk dairies,
despite the large investment, cannot be exploited at full
capacity.
d. Communications perspective
Vinamilk has a great coverage and continuity on many
publications and TV channels. But one thing should be
noticed that immediately after the vinamilk advertising
milk, always appears TH Milk's milk ad. Moreover, in
many Co.op Marts, it will always be seen TH Milk
products right next to Vinamilk dairy products. It is
believed that the two companies are in a strong position
in the marketing line.
e. Stocks
When analyzing Vinamilk stocks, the Thang Long
Securities Company, Apec or Vietstock all say that, the
most notable opponent for Vinamilk is TH Milk. No
one knows in the future how far TH Milk will grow or
if they can overcome vinamilk or not. But TH Milk
participation will enrich the fresh milk market in
Vietnam
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