February 27, 2012

Many modern farms with thousands of milk cows are being built across the nation, and on back of such developments, the dairy sector in Vietnam is estimated to cross the US$2 billion-mark by 2015.

According to a new research report by RNCOS, the volumes of dairy products produced and traded in Vietnam are still low in comparison to other commodities. The country is currently the world's 20th most important importer of dairy products. With the growing GDP and rising per capita income, the Vietnamese milk industry has a wide room for development.

The "Vietnam Retail Market Forecast to 2014", further expects that the increasing dairy production will be able to meet 34% of the country's domestic consumption in 2015 and 38% in 2020. As per the findings of the 85-page comprehensive study, rising disposable incomes, infrastructure development and expanding rural retail market will continue providing multitude of investment opportunities in Vietnam. Besides, the country's regulatory structure favouring foreign investors and consumer increasing attention towards modern retail concepts will help the retail sales of goods and services surge at a CAGR of around 26% during 2012-15.

The report provides a detailed research and rational analysis of the current status and expected position of the retail industry in Vietnam. It facilitates forecasts for food segments like dried processed food, noodles, dairy and bakery products, and non-food segments like clothing, footwear, cosmetics and consumer electronics for the period 2012-15. The study also includes analysis of retail sales with respect to different provinces and ownership, and highlights consumer behaviour to provide a balanced outlook of the industry to clients.