Vietnam poised to export first batch of milk to China
VOV.VN - Local dairy companies Vinamilk, TH True Milk, Moc Chau Milk, Nutifood, and Hanoimilk have been granted approval by China to export their dairy products through official channels.
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Mr Chinh stated that the country’s largest dairy companies including Vinamilk, TH True milk, Moc Chau Milk, Nutifood, and Hanoimilk, will be able to export their products. With a new market opening up for domestic firms, the total export value of dairy products is expected to increase from US$120 million to US$300 million next year. This is due to liquid milk and yogurt products being popular among Chinese consumers.
Chinese customs have granted their approval to Vietnamese companies that will be given an export code before making shipments to China.
A Vinamilk representative revealed that the firm is waiting to receive their export code. Upon acquiring the code, it will take the company at least one month to correctly wrap and package their products before exporting them.
The representative added that the company will export Vinamilk branded yogurt products to this vast market, noting that their products will be made to match the tastes of Chinese consumers, with the packaging design in Chinese language.
According to the Ministry of Agriculture of the People’s Republic of China, the domestic supply source of dairy products can only meet 75 per cent of demand.
In 2019, China is predicted to import 39.43 million tonnes of milk and dairy products, of which the import volume of fresh milk and milk powder will be about 750,000 tonnes and 650,000 tonnes, respectively.
These demands for dairy products regionally will therefore open a wealth of opportunities for Vietnamese businesses to boost their exports.
According to the Department of Livestock Production, Vietnam’s total number of dairy cows increased by nearly 11 per cent last year to over 294,000, producing nearly 940,000 tonnes of milk.
The country is aiming to have 500,000 dairy cows by 2020 towards producing one million tonnes of milk.
By 2030, the total number of dairy cows is set to hit 700,000 with milk output reaching two million tonnes.
