Vietnam’s imports of milk and milk products fell by 5.10 percent in September 2025 compared with August, according to preliminary data from Vietnam’s General Department of Customs.
Total imports reached US$100.14 million, bringing the year-to-date value to US$1.06 billion.
New Zealand remained the top supplier despite a 16.87 percent monthly decline, followed by the United States, which saw a 22.13 percent increase.
Belgium and Singapore posted significant growth, while shipments from Germany and Australia dropped sharply.
Ireland and Switzerland recorded strong rebounds, with imports rising more than threefold compared with August.
Vietnam’s dairy imports continue to reflect shifting demand patterns.
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Vietnam milk and milk products imports, September 2025, US$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 firms
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 58,100 on Friday up 1.5 percent with 39,599,000 shares traded, worth VND 226,988 million.
Foreign ownership in VNM is currently capped at 100.0 percent, with current foreign ownership sitting at 49.0 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 26,800 on Friday up 0.1 percent with 778,000 shares traded, worth VND 2,048 million.
Foreign ownership in MCM is currently capped at 100.0 percent, with current foreign ownership sitting at 0.0 percent.
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Powdered milk production
Vietnam’s powdered milk production rose 6.63 percent month-on-month in September to 13 thousand tons.
Output for the first nine months of 2025 reached 112 thousand tons, up from 101 thousand tons in the same period last year.
Fresh milk production
Vietnam’s fresh milk output in September 2025 reached 136 million litres, down 0.83 percent from August.
For the first nine months of 2025, production totalled 1.24 billion litres, up 7 percent year-on-year.
Milk in Vietnam
Vietnam’s milk and milk products industry is one of the most developed segments of its food and beverage sector.
It includes large domestic producers, foreign-invested joint ventures, and a growing network of dairy farms across the country.
Vinamilk dominates the market, followed by other companies such as Moc Chau Milk, Hanoimilk, and IDP.
The industry benefits from rising incomes, urbanisation, and strong consumer demand for processed and fortified dairy products.
Challenges include dependence on imported milk powder, fluctuating global prices, and the need for greater domestic raw milk production to ensure long-term sustainability.