There exists enormous potential in Vietnam food industry in general and dairy industry in particular.
As stated by the incomplete statistics, the total dairy industry turnover in 2017 is over VND100,000 billion, up 10.5% compared to 2016.
Of which, fresh milk production reached 1,333.4 million liters, up 6.6% over 2016, milk powder reached 127.4 thousand tons, up 10.4% over 2016. Imports of milk and dairy products was 868 million USD, increasing 1.9% over 2016. Export turnover reached more than USD300 million. The average milk consumption is 26 liters per person.
According to the Chairman of the Vietnam Dairy Association, in the past years, dairy enterprises have invested and upgraded their production systems with synchronous and automated equipment, and applied advanced technology of the major reputable firms in the world, which brought out such handsome results as mentioned.
Many enterprises have collaborated with domestic and overseas nutrition research institutes to generate many products meeting domestic consumption and export. In addition, recently some companies have invested in manufacturing abroad, exporting to some countries in Asia and the Middle East mainly with products such as milk, yoghurt ...
On the other hand, the needs of improving health and stature of the Vietnamese people makes consumption of dairy products remain high. By 2020, the consumption of milk will have increased over 28 liters/person/year.
There exists enormous potential in Vietnam food industry in general and dairy industry in particular.
This is the right time for foreign investors planning to dairy industry in Vietnam to take action. To get a better view of the industry with useful information before investing, it is wise to be consulted by a local party. VietnamCredit Dairy Industry Report will be of great support for you. Click here to place an order.
>>> Vietnam dairy industry boasts potential
