Currently, New Zealand is the key supplier of milk and dairy products for Vietnam with US$69.6 million (down 18%), accounting for nearly 25% of market shares.
Singapore came second with US$46 million (up 74.5%) and the US went third with US$26.1 million (up 57.67%).
Besides, Vietnam also imports milk and dairy products from Thailand, Germany, France, Japan and the Republic of Korea.
In the coming time, new products imported from Australia and New Zealand will be present at the domestic dairy market.
KLF Global has completed negotiations with Pactum Dairy from Australia and GMP Dairy Ltd from New Zealand to produce KLF dairy products for sale in Vietnam market in late June.