Hanoimilk rebounds from tainted milk scandal

Hanoi (VNA) - The Hanoi Milk Joint Stock Co (Hanoimilk) would make increasing
efforts to regain its share of the milk market despite lingering impacts from the
melamine scandal, said chairman of its management board Tran Dang Tuan.

Consumers should have confidence in the quality of Hanoimilk's products after the
Ministry of Health's official announcement that the 25 samples of the company's milk
tested negative for the poisonous substance, said Tuan.

The chairman made this comment during a ceremony on Dec. 30 to receive a melamine
tester machine and begin trial operations for its milk pilot line, an investment by
the company worth 5 billion VND (286,000 USD), making it the first milk enterprise
to install equipment used for discovering melamine.

Before the melamine scandal, Hanoimilk shares were priced at 22,000 VND each. Now
the price has fallen to 9,700 VND, and the company announced that it had reduced its
purchases from household producers by 50 percent.-Enditem