New Vietnamese Plant to Address Growing Milk Market05 August 2013
VIET NAM – Leading dairy processor Vinamilk has unveiled expansion plans to increase domestic industry presence in a bid to keep up with rising demand and imports.
A new dairy foods plant will address self sufficiency fears and the current dependence on buying overseas products from countries such as Chile.
Dependence stems from milk not being a traditional foodstuff and the meteoric rise in dairy consumption in Viet Name since the millennium which is expected to reach 2,000 million litres per capita in 2013.
Last year, dairy imports to Viet Nam increased 12.8 per cent, grossing €436 million. Consumption levels were at 15 litres per head for 2012, up from three in the mid 1990’s, according to the Central Statistics Office.
Completion is expected this month after a two stage building process.
Stage one promises a 1.2 million litres a day plant and stage two will see capacity doubling to 2.4 million litres daily.
TheMeatSite News Desk