Dairy giant Vinamilk gained VND20 trillion (US$952.4 million) in revenue in the first nine months of this year, up 25 per cent compared to figures posted at the same time last year.

The revenue increase was extremely pleasing considering the current difficult financial climate, the company said, adding that it aimed to earn approximately VND26.5 trillion ($1.26 billion) over the course of the whole year.

Vinamilk is targeting to generate $3 billion in revenue by 2017, becoming one of the top 50 dairy companies in the world. Currently, the company ranks 53rd.