Risk Management at Vietnam Dairy Products Joint Stock Company

Enterprise risk management is a business controller that is increasingly important and stakeholders are more concerned about risk. Risk can be a control process of strategic decisions, can be a source of uncertainty within the business or simply risk can be built into the operations of the business. An enterprise-wide approach to risk management allows a business to consider the potential impacts of all types of risks across all processes, activities, stakeholders, products and service. The enterprise risk management system has been effective, helping Vietnam Dairy Products Joint Stock Company (Vinamilk) increase its ability to withstand fluctuations, adapt flexibly, overcome crises and maintain sustainable operations. During the recent epidemic and economic crisis, it has proven the importance of risk management and posed requirements for the need to implement enterprise risk management for Vietnamese businesses. The article focuses on basic content: enterprise risk management, analyzing the content of enterprise risk management in a fluctuating market environment and socio-economic factors, thereby providing solutions. Solutions to strengthen risk management at Vinamilk as well as other businesses in Vietnam.