Vietnam’s largest dairy producer Vinamilk expects minimal disruption from US reciprocal tariffs due to its strong domestic focus, CEO Mai Kieu Lien told shareholders at the 2025 AGM on Friday, as reported by The Investor.
Key points:
- Domestic market accounts for the majority of Vinamilk’s $2.5–2.6 billion revenue.
- US operations contribute around $120 million, or just 5% of total revenue.
- CEO Mai Kieu Lien remains optimistic that current global trade disruptions are temporary.
- Tariff reductions on US dairy imports are expected to have limited impact on Vietnam’s domestic market.
- For 2025, Vinamilk targets VND64.5 trillion (US$2.48 billion) in revenue and VND9.68 trillion (US$372 million) in post-tax profit.
This speaks to the view on the ground as to how Vietnam’s dairy industry is likely to fare should the Trump administration proceed with a planned 46 percent tariff on Vietnam-made goods. Notably, the demand for milk domestically is huge with about half of the milk it consumes imported.
See also: Dairy in Vietnam: Industry Overview