Illustrative photo (Source: VNA) Hanoi (VNA) – Vietnam’s milk supplyis falling short of domestic demand, leading to a rise in imports and a race toexpand production among local firms.
According to the country’s fresh milkproduction planning, 1 billion litres of milk is expected to be produced in2020 and 1.4 billion litres in 2025.
However, such outputs will only meet 38 and40 percent of domestic demand, respectively. The rest will have to be obtainedvia imports.
In the first quarter of 2019, Vietnam spent258.19 million USD importing milk and dairy products, an annual increase of 11.74percent. Key suppliers included New Zealand, Southeast Asian countries and EUnations, which provided 37, 22.35, and 15.41 percent of total imports,respectively.
Meanwhile, big domestic producers likeVinamilk, TH Group and Nutifood are racing to expand their dairy farms andproduction yield.
Vietnam Dairy Products Joint Stock Company(Vinamilk) has started working with the Lao – Jagro Development XiengkhouangCo.,Ltd (Lao – Jagro) to establish an organic milch cow farming resort complexin the Lao province of Xiengkhouang.
Set to cost a cool 500 million USD, thecomplex will sprawl over 20,000ha with 100,000 milk cows.
In early May, dairy producer TH Group beganconstruction of a dairy farm project in Nong Cong district, the centralprovince of Thanh Hoa.
The project will be built at the total costof 3.8 trillion VND (162.6 million USD), covering 1,354 ha of land in Yen Myand Cong Binh communes. It is designed for a herd of 20,000 cows and aprocessing plant with capacity of 300 tonnes of milk per day.-VNA
VNA
