Vietnam imported milk and milk products to the tune of US$102 million in October, up 2.12 percent over September, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$1,163 million worth of milk and milk products by the end of October.
In October, Vietnam’s top supplier of milk and milk products was New Zealand, accounting for US$27 million worth. This was up 36.26 percent over September. Year to date, New Zealand has shipped US$339 million worth of milk and milk products to Vietnam.
After New Zealand, Australia was the next biggest supplier. It shipped US$11 million worth of milk and milk products to Vietnam in October, a jump of 111.37 percent. Its total for the year to date is now sitting at US$102 million.
USA was also a major supplier, shipping US$8 million worth of milk and milk products to Vietnam in October. This was a 39.92 percent change, for a total of US$102 million for the year.
Rounding out the top five was Ireland with US$5 million, a 22.79 percent change month-on-month, for a total of US$57 million for the year, and Thailand with US$5 million, a -7.23 percent change for a total of US$55 million.
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Vietnam imports of milk and milk products in October, US$millions
| October | September | MoM | YTD | |
| Total | 102.26 | 100.14 | 2.12% | 1,163.02 |
| Other | 25.41 | 28.80 | -11.77% | 280.54 |
| New Zealand | 27.17 | 19.94 | 36.26% | 338.91 |
| Australia | 10.54 | 4.99 | 111.37% | 101.54 |
| USA | 8.09 | 13.46 | -39.92% | 101.66 |
| Ireland | 5.06 | 4.12 | 22.79% | 56.68 |
| Thailand | 4.91 | 5.29 | -7.23% | 54.97 |
| Malaysia | 4.77 | 3.60 | 32.42% | 43.83 |
| Japan | 4.48 | 3.57 | 25.26% | 35.59 |
| Poland | 4.25 | 4.69 | -9.52% | 30.25 |
| Singapore | 4.21 | 6.20 | -32.14% | 48.95 |
| Germany | 3.38 | 5.47 | -38.15% | 70.11 |
| Switzerland | 3.10 | 1.65 | 87.57% | 21.66 |
| France | 2.90 | 3.08 | -5.62% | 46.16 |
| Netherlands | 2.07 | 4.14 | -50.15% | 38.41 |
| South Korea | 1.80 | 2.32 | -22.61% | 20.29 |
| Belgium | 1.60 | 6.62 | -75.84% | 35.76 |
| Spain | 1.57 | 1.28 | 22.78% | 12.25 |
| Denmark | 0.81 | 0.86 | -5.28% | 6.67 |
| Lithuania | 0.60 | 0.29 | 107.55% | 6.48 |
| Armenia | 0.00 | 0.00 | 0.00% | 0.04 |
| Philippines | 0.00 | 0.00 | 0.00% | 0.16 |
Vietnam dairy industry news
Vietnam milk investment Russia
It was reported earlier this month, Russian President Vladimir Putin personally awarded Vietnam’s Thai Huong, founder of dairy company TH Group and CEO of Bac A Bank, the Order of Friendship at the Kremlin for her contributions to Vietnam–Russia cooperation in food security.
Thai Huong received the award after initiating a US$2.7 billion high-tech agricultural investment in Russia in 2015, establishing dairy farms and processing plants across Moscow, Kaluga, Bashkortostan and Primorsky.
Vinamilk Q3 performance
Vinamilk’s consolidated third-quarter revenue nearly reached 17 trillion dong, rising more than nine percent from a year earlier, with both domestic and overseas operations contributing to growth, according to a report from Nha Dau Tu.
It said domestic revenue improved due to digital transformation, expanded store coverage, and new products, while overseas sales rose sharply in key Asian and African markets.
Listed milk and milk products companies
Vietnam Dairy Products JSC
Vietnam Dairy Products JSC (VNM) manufactures and distributes milk and dairy products under the Vinamilk brand.
VNM closed at VND 57,600 on Friday down 0.4 percent with 32,511,000 shares traded, worth VND 188,647 million.
Foreign ownership in VNM is currently capped at 100.0 percent, with current foreign ownership sitting at 49.0 percent.
Mộc Châu Milk JSC
Mộc Châu Milk JSC (MCM) produces and distributes fresh milk, yoghurt, and dairy products sourced from Moc Chau Plateau.
MCM closed at VND 27,350 on Friday down 0.05 percent with 687,000 shares traded, worth VND 1,874 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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Vietnam’s milk and milk products industry
Vietnam’s milk industry has grown rapidly over the past two decades, driven by rising incomes and changing consumer preferences.
Major domestic producers such as Vinamilk, TH True Milk, and Moc Chau Milk have invested heavily in expanding dairy farms, adopting advanced breeding technologies, and improving cold-chain logistics.
However, the industry faces challenges from high feed costs, climate risks, and competition from imported dairy products.
Efforts are ongoing to improve productivity, promote sustainable practices, and develop value-added products such as organic and fortified milk to strengthen Vietnam’s position in the regional dairy market.