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ToggleVietnam’s powdered milk production rose 6.63 percent month-on-month in September to 13 thousand tons, according to data from the National Statistics Office.
Output for the first nine months of 2025 reached 112 thousand tons, up from 101 thousand tons in the same period last year.
Learn more about Vietnam’s dairy industry→
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.
Vietnam’s milk imports
Vietnam imported US$105.51 million worth of milk and milk products in August, down 18.3 percent from US$129.21 million in July.
Year-to-date imports reached US$962.86 million.
Listed milk companies
Vietnam Dairy Products JSC (Vinamilk)
Vietnam Dairy Products JSC (VNM) produces and distributes milk, yogurt, cheese, and other dairy goods under the Vinamilk brand.
VNM closed at VND 56,600 on Thursday up 0.3 percent with 23,273,000 shares traded, worth VND 132,033 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 26,700 on Thursday up 0.3 percent with 317,000 shares traded, worth VND 843 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 industry
Vietnam’s fresh milk industry has grown rapidly over the past decade, driven by rising consumer demand, higher incomes, and improved production capacity.
Major domestic producers such as Vinamilk, Moc Chau Milk, and TH True Milk have expanded large-scale dairy farms using modern technology and imported high-yield cattle breeds.
Government policies promoting self-sufficiency in dairy production have also encouraged investment in cold-chain infrastructure and regional processing hubs.
Despite this progress, Vietnam still relies on imported dairy materials to meet local consumption needs.
Challenges remain in feed costs, productivity gaps, and land availability for expansion.
However, the sector continues to attract both domestic and foreign investors, reflecting strong long-term potential as Vietnam’s per capita milk consumption continues to rise.