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 · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export

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Page 1:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 2:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 3:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 4:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 5:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 6:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 7:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 8:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 9:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 10:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 11:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 12:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 13:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 14:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 15:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 16:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 17:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 18:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 19:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 20:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 21:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 22:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 23:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 24:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 25:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 26:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 27:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 28:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 29:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 30:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 31:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 32:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 33:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 34:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 35:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 36:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 37:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 38:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 39:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 40:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 41:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 42:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 43:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 44:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 45:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 46:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 47:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 48:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 49:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 50:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 51:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 52:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 53:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 54:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 55:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 56:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 57:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 58:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 59:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 60:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 61:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 62:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 63:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 64:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 65:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 66:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 67:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 68:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 69:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 70:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 71:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 72:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 73:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 74:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 75:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 76:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 77:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export
Page 78:  · powder costs, tweaks to Vinamilk's product mix (focusing on high margin categories such as powdered milk and yoghurt) helped to offset the additional costs. Meanwhile, export