Vietnam's Dairy Industry: An In-Depth Analysis

Introduction

Vietnam has witnessed remarkable growth in its dairy industry over recent years. This vibrant sector plays a crucial role in the country's economy, offering opportunities for both domestic consumption and export. In this report, we delve into key statistics and events shaping Vietnam's dairy market.

Milk Production and Dairy Cattle

As of 2023, Vietnam is home to approximately 320,000 dairy cattle. The country produces around 1.2 billion liters of milk annually. This steady growth in milk production is attributed to investments in agricultural technology and farm management practices.

Milk Processing and Cheese Production

Vietnam processes approximately 900 million liters of milk each year. The processed milk is utilized to produce various dairy products, including cheese. The annual cheese production in Vietnam is about 20,000 tons, meeting both domestic demand and export requirements.

Milk Powder and Whey Production

Vietnam produces around 50,000 tons of milk powder and whey annually. These products are crucial for both the domestic market and international trade.

Key Dairy Enterprises

Key dairy plants in Vietnam include:

• Vinamilk
• Dutch Lady Vietnam
• TH True Milk
• Nutifood

Prominent dairy farms in Vietnam are:

• TH Group Farms
• Vinamilk Farms
• Moc Chau Milk Farms

Exports and Imports

Vietnam exports approximately 300 million liters of dairy products annually. The key export markets include China, Cambodia, and the Philippines. Conversely, Vietnam imports about 100 million liters of dairy products annually to meet its domestic demand.

Significant Events in Vietnam's Dairy Industry

• President Vladimir Putin mentioned the launch of the first phase of the TH Group livestock complex in the Moscow region during his visit to Vietnam. This complex will accommodate 6,000 dairy cattle and represents a significant milestone for the company.
• Morinaga Nutritional Foods Vietnam JSC, a subsidiary of Japan's Morinaga Milk Industry Co., Ltd., introduced its new Morinaga Zero Fat Drink Yogurt in Vietnam. This product targets the rapidly growing drinking yogurt market.
• Vietnamese dairy company TH Group has initiated a substantial $204 million investment in the Russian Far East, expanding its international presence and capabilities.
• Poland, China, Vietnam, and the Philippines were major buyers of Whey from Ukraine.
• Megmilk Snow Brand, which has a long history of acquisitions in Australia including Unicorn Cheese and Udder Delights, has expanded its presence in the region with new investments, including a cheese processing plant in Ho Chi Minh, Vietnam.
• The a2 Milk Company has officially entered the Vietnamese market, offering a premium selection of six dairy products, becoming a notable importer of Russian baby food with 9% of total exports.

Countries like Vietnam might benefit from increased manufacturing activity due to shifts in global manufacturing.

Modified: 2025/02/05

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