Mai Kieu Lien

Mai Kieu Lien leads Vinamilk as CEO, having built Vietnam's largest dairy company over more than four decades — one of the longest CEO tenures in Asia. Under her leadership, Vinamilk transformed from a small state-owned enterprise into Vietnam's most iconic consumer brand, commanding over 50% of the domestic dairy market with products ranging from liquid milk and yogurt to infant formula and condensed milk. Vinamilk operates 13 dairy farms (including organic farms meeting European standards) and 14 manufacturing facilities, with exports reaching over 60 countries. The company has invested heavily in building a domestic dairy farming infrastructure in a country that historically imported most of its milk supply — reducing import dependence and ensuring supply chain control. Vietnam's dairy market has strong growth fundamentals: per capita dairy consumption remains well below regional averages, income growth is driving premiumization and increased dairy intake, and a young population with improving nutritional awareness supports long-term demand. Key stock drivers include domestic dairy market growth and market share, raw milk prices and input costs, new product launches and premiumization, export market expansion, competition from international dairy brands, farm development and organic product portfolio, and Vietnam's overall consumer spending trajectory.