return icon Vietnamnet.vn

Vietnam's dairy market faces supply shortage

Vietnam’s milk supply is falling short of domestic demand, leading to a rise in imports and a race to expand production among local firms.

 

 

{keywords}

Vietnam’s milk supply is falling short of domestic demand, leading to a rise in imports and a race to expand production among local firms.

 

 

According to the country’s fresh milk production planning, 1 billion litres of milk is expected to be produced in 2020 and 1.4 billion litres in 2025.

However, such outputs will only meet 38 and 40 percent of domestic demand, respectively. The rest will have to be obtained via imports.

In the first quarter of 2019, Vietnam spent 258.19 million USD importing milk and dairy products, an annual increase of 11.74 percent. Key suppliers included New Zealand, Southeast Asian countries and EU nations, which provided 37, 22.35, and 15.41 percent of total imports, respectively.

Meanwhile, big domestic producers like Vinamilk, TH Group and Nutifood are racing to expand their dairy farms and production yield.

Vietnam Dairy Products Joint Stock Company (Vinamilk) has started working with the Lao – Jagro Development Xiengkhouang Co.,Ltd (Lao – Jagro) to establish an organic milch cow farming resort complex in the Lao province of Xiengkhouang.

Set to cost a cool 500 million USD, the complex will sprawl over 20,000ha with 100,000 milk cows.

In early May, dairy producer TH Group began construction of a dairy farm project in Nong Cong district, the central province of Thanh Hoa.

The project will be built at the total cost of 3.8 trillion VND (162.6 million USD), covering 1,354 ha of land in Yen My and Cong Binh communes. It is designed for a herd of 20,000 cows and a processing plant with capacity of 300 tonnes of milk per day.-VNA

Vietnam dairy producers target Chinese market

Vietnam dairy producers target Chinese market

Vietnam’s dairy products will enter the Chinese market following the signing of documents between the two governments.

Exploiting FTAs: milk and fabric companies seek opportunities

Exploiting FTAs: milk and fabric companies seek opportunities

The doors to export markets have opened after the signing of government-to-government agreements. However, enterprises still have to overcome many challenges.

Foreign funds to offload GTN shares, paving way for Vinamilk's acquisition

Foreign funds to offload GTN shares, paving way for Vinamilk's acquisition

Tael Two Partners Ltd, one of the two major foreign stakeholders of GTNFood Joint Stock Company, has registered to offload its entire holding in the Vietnamese food company.  

MORE NEWS

VIETNAM BUSINESS NEWS NOVEMBER 26

Big supermarkets join Promotion Month 2022

Missosology picks locals contestant among Top 3 at Mister Grand International

Missosology, the world’s leading publication on beauty pageants, has named Vietnamese representative Vu Linh among its hot picks of the Top 3 currently participating in the Mister Grand International 2022 pageant.

HIV infections rise among people under 29

The number of young people catching HIV has seen an upward trend recently, with 50% of new cases being under the age of 29.

Three female scientists receive L’Oreal-UNESCO awards

Three female scientists were granted the 2022 L'Oreal-UNESCO awards at a ceremony in Hanoi on November 25.

Vietnam has two more named in Asia-Pacific documentary heritage list

Two heritage pieces of Vietnam were recognised as part of documentary heritage in Asia and the Pacific on November 26, at the 9th general meeting of the Memory of the World Committee for Asia and the Pacific.

VIETNAM NEWS HEADLINES NOVEMBER 26

NA Chairman Hue to visit Australia, New Zealand

Big firms absent from 'good governance' list

The list of companies recognized as having the best transparency and governance on the Hanoi Stock Exchange (HNX) doesn’t include many well-known names.

People must live in rooms of at least 8sq.m to register for permanent residence

The Hanoi People’s Council plans to require at least 8 sq m of living space in state-owned properties and 20 sq m in non-state owned properties for registered permanent residence.

80% of wind power projects operate at moderate level as tariff is unclear

Many wind power projects in Quang Tri are behind schedule because of unfavorable weather conditions, the impact of the Covid-19 pandemic, slow site clearance and an unclear tariff scheme.

Headmaster honored by Microsoft for last three years

Nguyen Thi Kim Dung, headmaster of Dong La Secondary School in Hoai Duc district in Hanoi has been honored as Microsoft Innovative Educator Expert - MIEE for three consecutive years.

High fertiliser prices and rising export demand help businesses earn more profits

A promising export market contributed positively to the sharp increase in profits of many fertiliser and chemical enterprises.

Short-lived legal documents cause a hindrance to firms

Many legal documents in Vietnam have been made in such a way that creates a great compliance burden on firms, according to insiders.

Energy demand to outpace supply in short term

Electricity demand has been growing steadily since 2021 and is expected to surpass domestic output in the short term.

Vietnam’s further evolving regulations and policies on energy

The last several months have been dynamic for the energy sector in Vietnam, with a number of key developments.

Digital platforms brought into life

Digital transformation is an inevitable trend today in the world and Vietnam with three main pillars: digital government, digital economy, and digital society.
back_to_top