Vietnam’s milk and dairy processing industry experienced steady growth in October 2024, with a notable month-over-month increase. Vietnam’s latest industrial production index shows a 7 percent rise in dairy processing output from September 2024, reflecting a substantial boost in monthly production.
On a year-over-year basis, the sector grew by 2.9 percent compared to October 2023, and the cumulative growth from January to October 2024 reached 3.8 percent over the same period last year. While these annual figures show more modest gains, they indicate a stable upward trend in the dairy industry, supported by Vietnam’s expanding consumer base and increased demand for dairy products.
Growth in Vietnam’s dairy sector aligns with rising health awareness and increased dairy consumption domestically. However, sustaining this growth may depend on continued innovation, efficient production, and competitive pricing in the face of rising costs in raw materials and production.
See also: Vietnam’s Dairy Market 2024: Overview