Vietnam imported milk and dairy to the tune of US$150 million in March, up from US$133 million in February, a change of 12.92 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$416 million worth of milk and dairy by the end of March.
New Zealand accounted for US$49 million of Vietnam’s milk and dairy imports in March, down from US$65 million in February, a decline of 25.52 percent. Year to date, New Zealand has shipped US$165 million to Vietnam.
After New Zealand was the United States, making up US$17 million in March, up from US$10 million in February, an increase of 63.10 percent. Year to date, the United States has shipped US$38 million to Vietnam.
Next was Germany, contributing US$10 million in March, up from US$5 million in February, a rise of 112.84 percent. Year to date, Germany has shipped US$25 million to Vietnam.
Following Germany was Ireland, representing US$10 million in March, up from US$7 million in February, an increase of 42.25 percent. Year to date, Ireland has shipped US$25 million to Vietnam.
Rounding out the top five was Australia, with US$8 million in March, up from US$4 million in February, a gain of 88.31 percent. Year to date, Australia has shipped US$20 million to Vietnam.
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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 March, MCM shares moved from 27.20 to 25.60, a change of -1.60 (-5.88%).
Foreign ownership moved from 1,099,704.80 to 1,099,699.80, a change of -5.00 (0.00%).
Vietnam Dairy Products JSC (VNM)
Vietnam Dairy Products JSC (VNM) manufactures and distributes milk and dairy products under the Vinamilk brand. (VNM)
In March, VNM shares moved from 68.20 to 60.50, a change of -7.70 (-11.29%).
Foreign ownership moved from 10,364,809.38 to 10,643,964.57, a change of 279,155.19 (2.69%).
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Vietnam dairy news
Recent developments include:
Oatside re: fake job posting marketing ploy
Oatside Vietnam has apologised after a fake LinkedIn job listing was exposed as a marketing stunt.
The campaign invited applications for a “Chief Milk Officer” role and drew over 100 applicants before being revealed as fictional.
The company said it deleted all applicant data and acknowledged that the use of a professional recruitment platform caused confusion and disappointment among job seekers. Read more→
See the latest Vietnam news headlines→
Vietnam’s milk and dairy industry
Vietnam’s dairy industry has expanded rapidly over the past decade, driven by rising incomes, urbanisation, and increasing demand for nutritional products.
Domestic production has grown, but the sector still relies heavily on imported milk powder and feed inputs to meet consumption needs.
Major local players have invested in large-scale farms and processing capacity, while foreign brands continue to compete across premium and specialised segments.
Government policies and investment incentives have supported herd expansion, supply chain development, and improvements in food safety standards.
Consumption is expected to continue rising, supported by demographic trends and growing awareness of health and nutrition.
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The data
Vietnam imports of milk and dairy in March, 2026 US$m
| March | February | MoM | YTD | |
| Total | 149.85 | 132.70 | 12.92% | 415.50 |
| Other | 9.81 | 8.93 | 9.80% | 28.13 |
| New Zealand | 48.59 | 65.23 | -25.52% | 164.65 |
| USA | 16.50 | 10.12 | 63.10% | 38.28 |
| Germany | 10.18 | 4.78 | 112.84% | 24.96 |
| Ireland | 9.89 | 6.95 | 42.25% | 24.56 |
| Australia | 7.68 | 4.08 | 88.31% | 20.28 |
| Thailand | 6.04 | 5.17 | 16.70% | 16.80 |
| Belgium | 6.02 | 0.07 | 9106.34% | 6.41 |
| Japan | 5.91 | 3.10 | 90.26% | 10.83 |
| France | 5.32 | 3.88 | 37.18% | 14.77 |
| Poland | 4.83 | 4.66 | 3.63% | 15.18 |
| Malaysia | 4.78 | 3.26 | 46.81% | 12.04 |
| Singapore | 4.69 | 3.46 | 35.59% | 11.64 |
| Netherlands | 3.39 | 1.50 | 126.02% | 8.14 |
| South Korea | 1.98 | 1.88 | 5.27% | 4.91 |
| Switzerland | 1.68 | 2.38 | -29.46% | 5.16 |
| Spain | 1.07 | 1.04 | 2.80% | 3.11 |
| Lithuania | 0.85 | 1.63 | -47.59% | 4.08 |
| Denmark | 0.64 | 0.58 | 10.89% | 1.54 |