Figure 6: Density of dairy product import by category, 1st quarter 2008

Figure 7: Density of dairy product import by category, 1st quarter 2009

Figure 8: Top 10 dairy exporters to Vietnam in the fisrt 2 months 2009 in terms of value (US$)

Figure 9: Value growth of top 5 dairy exporters to Vietnam in terms of export growth, 1st 2 months 2009/2008 (%)

Figure 10: Average price of fresh ingredient milk in Binh Dinh and Lam Dong provinces, Dec/2008 – Feb/2009 (VND/kg)

Figure 11: Price of Ong Tho condense milk box in Hanoi and Ho Chi Minh 1st quarter 2009 (VND/box)

Figure 12: Correlation between milk prices in domestic and global markets

Figure 13: Exchange rate USD against VND, July 2008 – April 2009

Figure 14: Domestic price of grass by month, 2008-2009 (VND/kg)

Figure 15: Domestic price of straw by month, 2008-2009 (VND/kg)

Figure 16: Price of corn seed in An Giang, Jan 2008 - Apr 2009

Figure 17: Top world milk producers, 1st quarter years 2008-2009 (thousand tons)

Figure 18: Density of global milk consumption by category, 2008 (%)

Figure 19: Density of global milk consumption by area, 2006

Figure 20: Density of global milk consumption by area, 2008

Figure 21: Top 5 whole milk powder exporters of world, 1st quarter 2008-2009, (thousand tons)

Figure 22: Imported dairy volume of top 5 leading importers of world, 1stQ 2008-2009, (thousand tons)

Figure 23: Exported price of some dairy products from Oceania, 1stQ 2009 (USD/ton)

Figure 24: Exported price of some dairy products from Western, 1stQ 2009 (USD/ton)

Figure 25: Projected average price of milk in world market (USD/cwt)

Figure 26: Projected collection milk price in domestic market (VND/kg)

Figure 27: Correlation change between VNM closing price and VN Index, Jan 2008-Apr 2009 (% change)

Figure 28: Some profit items of Vinamilk by quarter, 2008

Figure 29: Stock price of VNM on the listed market, Jan 2008-Apr 2009 (thousand VND)

Figure 30: Correlation change between HNM closing price and VN Index, Jan 2008-Apr 2009 (% change)

Figure 31: Correlation between gross profit and profit after tax of Hanoimilk by quarter, 2008 (million VND)

Figure 32: Stock price of HNM on the listed market, Jan 2008-Apr 2009 (thousand VND)

LIST OF TABLES

Table 1: List of Adjusted MFN Tariffs on some Milk Products (Promulgated with the Finance Ministry’s Circular No.39/2009/TT-BTC of March 03 , 2009)

Table 2: Projected worldwide milk production in 2009 (million tons)

Table 3: Projected export supply of skimmed milk powder (SMP) by biggest exporters, 2009 (thousand tons)

Table 4: Fluctuation tendency of factors impact to milk price in short and mid term

Table 5: Summary of business results in 2007-2008 (billion VND)

Table 6: Business results in summary of Hanoimilk, 2007-2008 (million VND) 42

Table 7: Vietnam dairy cow herd, 2007-2008

Table 8: Productivity and density of production by region, 2008

Table 9: Export price of some dairy products from Oceania, 2008-2009 (US$/ton)

Table 10: Export price of some dairy products from Western, 2009 (US$/ton)

Table 11: World milk consumption, 2004-2008 (thousand tons)

Table 12: Milk production of some major countries, 2008-2009 (thousand tons)

Table 13: Top 4 SMP producers in 2008, 2006-2008 and projected production in 2009 (million tons)

Table 14: Top 5 milk powder exporters, 2004-2009 (thousand tons)

Table 15: The average price of fresh milk on world market and 2009 forecast 50

Table 16: Vietnam dairy import value (million US$) and growth rate (%) by month, Q1/2009

Table 17: Top 10 dairy exporters to Vietnam in terms of value, Q1/2009 (US$)

Table 18: Top 5 dairy exporters to Vietnam in terms of growth rate, Q1/2009 (US$)

Table 19: Some items of business results of Vinamilk by year, 2005-2008 (thousand VND)

Table 20: Some items of business results of Hanoimilk by year, 2005-2008 (thousand VND)