STP
STP
STP Strategy
1. Definition
1.1. Segmentation
1.2. Targeting
1.3. Positioning
2. STP Strategy
2.1. Segmentation
Overview of variables:
Nationality Vietnam
Lifestyle Likes to hang out with Children like to Vinamilk can focus on its
friends; many activities go out with customer segments,
to satisfy their desires; friends, heading to thereby identifying their
busy, creative, flexible, outdoor activities lifestyle and making
outdoors, while young products related to the
health-conscious, health- people are busy lifestyle of that customer
conscious, focusing on because there are group.
improving physical and many things to do, + For the children
mental health, seeking lots of activities to segment: Vinamilk can
peace satisfy their focus on rehydration and
desires, and adults mineral rehydration
are often busy, products combined with
creative, flexible, nutrient enhancement
facing the when children are active
outdoors. In outdoors.
addition, middle- + For the youth, adult and
aged women are middle-aged women
often busy or free, segments: Vinamilk can
care about health, focus on products such as
while elderly quick
people are well breakfast/lunch/dinner for
organized, health- busy people but still
conscious, focus ensure nutrients
on improving + For the elderly segment:
physical and Vinamilk can focus on
mental health, and products to strengthen
seek peace. resistance, prevent
osteoporosis, ..
User Status First time users Today, children, Therefore, Vinamilk can
Regular users adults and the focus on the consumer
Potential/Daily users elderly use it segment that is often used
Potential users often, young by children, adults and the
Long time users people and elderly with products rich
middle-aged in nutrients, delicious
women have first- flavors, and diverse
time users or products. In addition,
haven't used it. Vinamilk can focus on
developing new products,
targeting the tastes of a
part of young people and
middle-aged women so
that they can use the
product for the first time,
thereby impressing them
with the quality of the
product. volume and turn
them into regular users
User rate Light, medium, and Children and Therefore, Vinamilk can
heavy product users middle-aged focus on the high-use
women have high segment of children and
levels of use, middle-aged women for
while adolescents products of good quality
and adults have (combined with the
moderate and high variable of benefits
levels of use, and sought).
adults have
moderate levels of
use.
Accessible: The market segments can be effectively reached and served. Specifically,
Vinamilk can effectively reach and serve market segments.
Actionable: Effective programs can be designed for attracting and serving the
segments. Specifically, Vinamilk can design effective programs to attract and cater to
different segments.
Benefits
sought: Good
for body
growth,
recharge –
Quality
2.2. Targeting
Objective: to become one of the Top 30 largest dairy companies in the world in terms
of revenue
Potential: Currently, Vinamilk is the only Vietnamese company in the Top 50 largest
dairy companies in the world in terms of revenue
a. Differentiated marketing
For the children segment (under 14 years old), Vinamilk has products such as:
Regarding powdered milk, there are: Dielac Grow Plus Bird's Nest,
YOKO GOLD, Optimum Gold, Dielac Alpha Gold IQ, Dielac Alpha
Regarding yogurt, there are: Vinamilk SuSu yogurt, Vinamilk Hero fruit
milk drink
About ice cream, there are: Kid Ice Cream (Strawberry, Green Bean,
Coconut, ..)
Regarding cheese, there are: Vinamilk Cheese, Vinamilk Cheese - Pate
Đối với phân khúc bà mẹ đang mang thai, Vinamilk có các sản phẩm như:
For the pregnant mother segment, Vinamilk has products such as:
For the segments of youth (15 - 25 years old), adults (26 - 44 years old),
middle-aged women (40 - 60 years old), Vinamilk has products such as:
b. Concentrated marketing
When using a concentrated marketing (or niche marketing) strategy, a firm goes
after a large share of one or a few smaller segments or niches. Vinamilk has
successfully applied a marketing strategy to effectively dominate the high-income
segment:
For the segment of children under 14 years old, specifically: 0 - 6 months old, 6
- 12 months old, 12 months old, over 3 years old.., Vinamilk has products such
as:
About the line of Organic nutrition products - super premium formula products
for children such as nutritional products, VINAMILK ORGANIC GOLD
weaning powder
For the segments of youth (15 - 25 years old), adults (26 - 44 years old),
middle-aged women (40 - 60 years old), Vinamilk has products such as:
2.3. Positioning
Through the map, we can see that Meadow Fresh has the highest price and contains
the most calcium. While Dutch Lady has the lowest price compared to other milk
brands. Besides, Vinamilk has an appropriate price for most Vietnamese consumers
today.
When conducting a survey on a sample of 154 people and asking: ''Do you think
Vinamilk products are different from other products on the market (in terms of price,
quality, ..)?", there were 76 .6% said that they found Vinamilk products to be different
from other products on the market, while the remaining 23.4% said that they did not
find Vinamilk products to be different from other products on the market. school.
In addition, when asked ''Is the difference between Vinamilk products compared to
other products on the market (in terms of price, quality, ..) that benefits you?'', there
were 77, 3 % think that the difference between Vinamilk's products and other products
on the market (in terms of price, quality, ..) is beneficial to them. However, 22.7%
think that the difference between Vinamilk's products and other products on the
market is not beneficial to them. After reviewing the survey results and commenting
on the company's competitive advantages. We made the following recommendations:
• Product
In addition, the survey mentioned above once again emphasizes: In all product groups,
quality is one of the prerequisite factors influencing the purchasing decision of
Vietnamese consumers.
• Services
Vinamilk can differentiate itself by the services associated with that product such as
fast delivery, customer care support, etc.
First, according to Deloitte's Vietnam Consumer Survey: Resilient to Difficulties in
February 2021, we find that ''Priority channels by city 2018 - 2020'' are as follows:
In the above four cities, accessibility and preference for modern trade channels are
strongly correlated. Specifically, in Hanoi and Ho Chi Minh City. In Ho Chi Minh
City, which has a larger number of supermarkets and convenience stores, the
preference for modern trade channels is higher than in Can Tho and Da Nang.
For Hanoi and Ho Chi Minh City and Da Nang's transformation to a modern trade
channel: Due to the larger number of supermarkets and convenience stores, and the
complicated epidemic situation, consumers are limited. get out as much as possible.
Therefore, Vinamilk can link up with supermarkets and convenience stores to provide
delivery services, such as: Fast delivery, free delivery when buying 1-2 cartons of
milk, etc. . to stimulate consumption and build an advantage over competitors
• Channels:
Internal Market:
Currently, Vinamilk has 3 main branches in Hanoi, Da Nang and Can Tho and a head
office in Ho Chi Minh City.
The "Vietnamese Milk Dream" system of this enterprise has surpassed 500 stores
nationwide, covering 63 provinces and cities with many attractive promotions. In
addition, the e-commerce website "Vietnamese Milk Dream" built by Vinamilk since
2016 is also promoting its effectiveness, especially during the period of social
distancing due to Covid-19.
Foreign markets:
Up to now, Vinamilk's products have been exported to more than 40 countries around
the world, including Southeast Asia, the Middle East, Africa and other countries with
the following products: powdered milk, milk condensed milk, nutritional powder, soy
milk, liquid milk, beverage
• Image
First of all, we realize that Vinamilk is clearly really successful in building an image
in the hearts of consumers.
Specifically, in 2020, Vinamilk is in the top 3 most chosen FMCG brands in all 4
cities and rural areas
Vinamilk has media campaigns that have left a deep impression on its image in the
hearts of consumers such as:
https://nhandan.vn/tin-tuc-kinh-te/vinamilk-chinh-phuc-thi-truong-trung-quoc-
371627
https://www.vinamilk.com.vn/vi/tin-tuc-su-kien/2309/doanh-thu-quy-2-dat-muc-
cao-ky-luc-nho-dong-luc-tu-thi-truong-xuat-khau-and-phuc-hoi-tu-thi-truong-
noi-dia
https://theleader.vn/nganh-sua-tang-truong-nho-thi-truong-nong-thon-
1633510656889.htm
https://www.dmspro.vn/thi-truong-fmcg-nua-dau-nam-2021/
https://nielseniq.com/global/vi/insights/commentary/2021/da-den-luc-thiet-lap-
lai-cac-chien-luoc-quang-cao-va-dinh-gia-fmcg-cua-chau-a/
http://nguyenthiminhkhai.phuyen.edu.vn/tin-tuc-su-kien/nhung-dac-diem-noi-
bat-cua-dan-so-viet-nam.html
https://suckhoedoisong.vn/chuyen-gia-giai-thich-ve-nuoc-dien-giai-tot-cho-suc-
khoe-nhat-la-benh-da-day-169166896.htm
https://baotainguyenmoitruong.vn/thu-nhap-binh-quan-cua-viet-nam-khoang-4-
2-trieu-dong-nguoi-thang-327235.html
https://eastasiabr.wordpress.com/2016/05/06/34/
https://ladigi.vn/chien-luoc-marketing-cua-cong-ty-vinamilk