The Vietnam Milk Joint Stock Company (Vinamilk) is actively developing milk materials to meet the growing demand in the country.
At a seminar on the issue in Hanoi on July 9, CEO of Vinamilk Nguyen Quoc Khanh said that the annual average milk consumption per head in Vietnam increased from 12.2 litres in 2005 to 15 litres in 2009, just about one tenth of the world’s level.
However, milk materials from dairy cow farms in the whole country can meet only 28 percent of the demand, leaving the remaining 72 percent for imports. The dependence on imports affects production activities and drive up milk price in the domestic market.
To meet the demand for materials, Vinamilk, which commands over 55 percent of the milk market, is building new factories and expanding its existing ones with scheduled to go into operation in 2012.
Additionally, the company is investing 400 million USD in raising the number of milk cows to 80,000, ensuring the daily supply of 1.3 million litres for the two factories.
The Vietnamese government has approved a plan to develop the milk market, striving to have about 500,000 dairy cows in 2020, meeting 40 percent of the demand for milk in the country./.
At a seminar on the issue in Hanoi on July 9, CEO of Vinamilk Nguyen Quoc Khanh said that the annual average milk consumption per head in Vietnam increased from 12.2 litres in 2005 to 15 litres in 2009, just about one tenth of the world’s level.
However, milk materials from dairy cow farms in the whole country can meet only 28 percent of the demand, leaving the remaining 72 percent for imports. The dependence on imports affects production activities and drive up milk price in the domestic market.
To meet the demand for materials, Vinamilk, which commands over 55 percent of the milk market, is building new factories and expanding its existing ones with scheduled to go into operation in 2012.
Additionally, the company is investing 400 million USD in raising the number of milk cows to 80,000, ensuring the daily supply of 1.3 million litres for the two factories.
The Vietnamese government has approved a plan to develop the milk market, striving to have about 500,000 dairy cows in 2020, meeting 40 percent of the demand for milk in the country./.
