Vietnamese dairy giant TH true MILK plans to build a US$234 million (VND6.07 trillion) factory in Binh Duong province to produce milk, yoghurt, ice cream, and non-alcoholic beverages, with phased development through 2037, English language news site, The Investor is reporting.
Key points include:
- The factory will span 10 hectares in Song Than 3 Industrial Park.
- Full capacity projected at 852,351 tons per year across four phases.
- Employment for approximately 850 workers is expected.
- TH first launched in Nghe An with a US$1.2 billion dairy farming and processing project.
This investment speaks to the growing opportunities in Vietnam’s expanding dairy industry. Whereas this is a significant boost for local production, demand still far outstrips supply with around half of the dairy consumed in Vietnam imported. This presents broad opportunities for foreign dairy producers.