Vietnam’s milk and milk product imports fell 5.10 percent month-on-month to US$100.14 million in September 2025, according to preliminary data from Vietnam’s General Department of Customs.
Year-to-date imports stood at US$1.06 billion, with New Zealand remaining the largest supplier at US$19.94 million, down 16.87 percent.
The United States rose 22.13 percent to US$13.46 million, while Belgium surged 788.80 percent to US$6.62 million.
Singapore, Ireland, and Poland also posted strong gains, whereas Germany and Australia recorded steep declines of 54.72 percent and 48.95 percent respectively.
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Vietnam milk and milk products imports, September 2025, US$millions
| September | August | MoM | YTD | |
| Total | 100.14 | 105.51 | -5.10% | 1,060.84 |
| Other | 25.21 | 30.38 | -17.01% | 255.02 |
| New Zealand | 19.94 | 23.99 | -16.87% | 311.81 |
| USA | 13.46 | 11.02 | 22.13% | 93.25 |
| Belgium | 6.62 | 0.75 | 788.80% | 34.16 |
| Singapore | 6.20 | 4.02 | 54.16% | 44.74 |
| Germany | 5.47 | 12.07 | -54.72% | 66.73 |
| Thailand | 5.29 | 5.42 | -2.37% | 50.17 |
| Australia | 4.99 | 9.77 | -48.95% | 91.00 |
| Poland | 4.69 | 3.66 | 28.40% | 26.00 |
| Netherlands | 4.14 | 3.45 | 20.01% | 36.35 |
| Ireland | 4.12 | 0.99 | 317.12% | 51.62 |
| Malaysia | 3.60 | 3.48 | 3.45% | 39.23 |
| Japan | 3.57 | 3.41 | 4.62% | 31.11 |
| France | 3.08 | 4.51 | -31.79% | 43.26 |
| South Korea | 2.32 | 2.10 | 10.42% | 18.49 |
| Switzerland | 1.65 | 1.01 | 64.11% | 18.57 |
| Spain | 1.28 | 1.82 | -29.64% | 10.68 |
| Denmark | 0.86 | 0.77 | 10.93% | 5.86 |
| Lithuania | 0.29 | 0.95 | -69.23% | 5.88 |
| Armenia | 0.00 | 0.00 | 0.00% | 0.04 |
| Philippines | 0.00 | 0.00 | 0.00% | 0.15 |
Listed Vietnam dairy companies
Vietnam Dairy Products JSC
Vietnam Dairy Products JSC (VNM) produces and distributes milk, yogurt, cheese, and other dairy goods under the Vinamilk brand.
VNM closed at VND 57,100 on Thursday down 0.4 percent with 19,052,000 shares traded, worth VND 109,060 million.
Foreign ownership in VNM is currently capped at 100 percent, with current foreign ownership sitting at 48.9 percent.
Moc Chau Milk JSC
Moc Chau Milk JSC (MCM) operates large-scale dairy farms and produces fresh and pasteurised milk products under the Moc Chau brand.
MCM closed at VND 27,200 on Thursday up 0.2 percent with 601,000 shares traded, worth VND 1,626 million.
Foreign ownership in MCM is currently capped at 100 percent, with current foreign ownership sitting at 0.0 percent.
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Vietnam’s dairy industry
Vietnam’s dairy industry is expanding quickly, supported by higher incomes, urbanisation, and growing health awareness.
Domestic production meets only about half of demand, with the remainder covered by imported milk powder.
Milk remains the key product category, while yoghurt, cheese, and functional dairy segments are gaining traction.
Challenges include dependence on imports, low farm productivity, and cold-chain gaps, though premiumisation and e-commerce are driving future growth.