Vietnam imported milk and milk products to the tune of US$133 million in February, down from US$133 million in January, a change of -0.18 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$266 million worth of milk and milk products by the end of February.
New Zealand accounted for US$65 million of Vietnam’s milk and milk products imports in February, up from US$51 million in January, a change of 28.32 percent. Year to date, imports from New Zealand reached US$116 million.
The USA followed with US$10 million in February, down from US$12 million in January, a change of 13.16 percent. Year to date, imports from the USA totalled US$22 million.
Ireland recorded US$7 million in February, down from US$8 million in January, a change of 9.90 percent. Year to date, imports from Ireland reached US$15 million.
Thailand posted US$5 million in February, down from US$6 million in January, a change of 7.35 percent. Year to date, imports from Thailand totalled US$11 million.
Germany rounded out the top five with US$5 million in February, down from US$10 million in January, a change of 52.20 percent. Year to date, imports from Germany reached US$15 million.
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Listed dairy companies
Key dairy firms listed on the Vietnam stock exchange include:
Moc Chau Milk JSC (MCM)
Moc Chau Milk JSC (MCM) produces and distributes fresh milk, yoghurt, and dairy products sourced from Moc Chau Plateau. (MCM)
In February, MCM shares moved from 27.40 to 27.20, a change of -0.20 (-0.01 percent).
Foreign ownership moved from 1,099,693.80 to 1,099,704.80, a change of 11.00 (0.00 percent).
Vietnam Dairy Products JSC (VNM)
Vietnam Dairy Products JSC (VNM) manufactures and distributes milk and dairy products under the Vinamilk brand. (VNM)
In February, VNM shares moved from 70.60 to 68.20, a change of -2.40 (-0.03 percent).
Foreign ownership moved from 10,382,152.42 to 10,364,809.38, a change of -17,343.04 (0.00 percent).
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Vietnam dairy products news
Recent developments include:
Milk imports January
Vietnam imported milk and milk products to the tune of US$133 million in January, down from US$164 million in December, a change of -18.97 percent, according to preliminary data from Vietnam’s General Department of Customs. Read more→
Powdered milk production January
Vietnam produced 13.59 thousand tons of powdered milk in January, up 1.80 percent from 13.35 thousand tons in December, according to the latest data from the National Statistics Office. Read more→
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Vietnam’s dairy products industry
Vietnam’s dairy industry is growing steadily, driven by rising incomes, urbanisation and increasing demand for nutritional products such as milk, yoghurt and infant formula.
The market is led by domestic producers alongside imported products, with companies such as Vinamilk and TH Group playing key roles in production and distribution.
Despite expansion in local farming, Vietnam remains reliant on imports for milk powder and raw materials, particularly from New Zealand, the United States and Europe.
Policy efforts are focused on improving herd quality, expanding domestic supply and reducing import dependence while supporting higher value-added dairy processing.
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The data
Vietnam imports of milk products in February, US$m
| February | January | MoM | YTD | |
| Total | 132.70 | 132.94 | -0.18% | 265.69 |
| Other | 8.93 | 9.34 | -4.31% | 18.27 |
| New Zealand | 65.23 | 50.83 | 28.32% | 116.07 |
| USA | 10.12 | 11.65 | -13.16% | 21.77 |
| Ireland | 6.95 | 7.72 | -9.90% | 14.67 |
| Thailand | 5.17 | 5.58 | -7.35% | 10.75 |
| Germany | 4.78 | 10.00 | -52.20% | 14.78 |
| Poland | 4.66 | 5.69 | -18.07% | 10.35 |
| Australia | 4.08 | 8.53 | -52.18% | 12.64 |
| France | 3.88 | 5.58 | -30.50% | 9.46 |
| Singapore | 3.46 | 3.49 | -0.81% | 6.95 |
| Malaysia | 3.26 | 4.00 | -18.63% | 7.26 |
| Japan | 3.10 | 1.83 | 70.05% | 4.93 |
| Switzerland | 2.38 | 1.10 | 115.51% | 3.48 |
| South Korea | 1.88 | 1.06 | 76.79% | 2.94 |
| Lithuania | 1.63 | 1.60 | 1.88% | 3.23 |
| Netherlands | 1.50 | 3.25 | -53.86% | 4.75 |
| Spain | 1.04 | 1.00 | 4.42% | 2.04 |
| Denmark | 0.58 | 0.32 | 83.54% | 0.90 |
| Belgium | 0.07 | 0.32 | -79.75% | 0.39 |
| Armenia | 0.00 | 0.00 | 0.00% | 0.00 |
| Philippines | 0.00 | 0.05 | -100.00% | 0.06 |