June 30, 2023

 

Vinamilk outlines future of Vietnamese dairy industry at Global Dairy Congress

 
 

 

Major Vietnamese dairy firm Vinamilk outlined the future of the country's dairy industry at the 2023 Global Dairy Congress held in London, the sole representative from ASEAN at the event, VN Express reported.

 

The company aims to expand its operations, with a planned investment of US$600 million in factories and farms to meet future market demands.

 

As one of the largest dairy companies in Vietnam, Vinamilk ranks among the top 40 dairy companies globally in terms of revenue and holds the 6th position among the world's most valuable dairy brands. The company operates farms and factories nationwide and exports its dairy products to nearly 60 countries and territories.

 

While Vietnam's dairy industry has grown to over US$5 billion, there is still significant potential for further expansion. Per capita dairy consumption in Vietnam remains relatively low compared to neighbouring countries.

 

Reports indicate that per capita consumption is expected to grow at 4% annually and reach 40 litres by 2030. The rising global demand for dairy products, driven by developing countries' increasing consumption, presents opportunities for the industry's growth. But achieving sustainable development is a pressing challenge that the dairy industry must address, considering the global response to climate change.

 

A highlight of the congress was Vinamilk Super Nuts receiving the prestigious "Best Dairy Alternative 2023" award at The World Dairy Innovation Awards.

 

Richard Hall, chairman of the 16th Global Dairy Conference, expressed admiration for Vinamilk's achievements, highlighting its commitment to product development, addressing social issues, and promoting health and well-being.

 

Piercristiano Brazzale, President of the International Dairy Federation (IDF), acknowledged Vinamilk as a dynamic and innovative company in Vietnam and welcomed Vietnam's participation in the IDF to foster further collaboration and industry development.

 

-      VN Express

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