Milk consumption is rapidly growing in Viet Nam and will reach roughly 2 billion litres by 2013, a significant increase from 580 million litres in 2004, said Tetra Pak’s Chief Representative in Viet Nam Bert Jan Post. Post said while the rate of the average milk consumption per capita in Viet Nam remains modest by [...]
Local dairy giants such as TH Milk and Vinamilk have unveiled huge investment plans on pastures and dairy cow stock to cope with increasing dependence on imports and price hike of milk products. TH Milk said it would invest $1.2 billion in raising 137,000 dairy cows by 2017, with 70 per cent in lactation to [...]
Milk producers have violated pricing regulations as they raised prices without government consent by around 10 percent a few days after the recent dong devaluation, a senior official says. Nguyen Anh Tuan, deputy head of the Price Management Department under the Ministry of Finance, said even if the companies had a legitimate reason to raise [...]
Dairy producers are in an uproar over a December 31 decision from the Ministry of Finance requiring them to justify any price increases to the ministry’s regional offices. Under the new ministry regulation, regional offices would weigh the need for the increases against the real impacts on consumers before approving any proposed price increases. The [...]
Dutch-owned FrieslandCampina Viet Nam, which makes Dutch Lady and other brands of dairy products, has increased the price it pays farmers for milk by VND700 (US$0.03)per kilogramme to VND10,000 ($0.48). The increase on Tuesday was its third time this year, and the company said it was meant to help farmers cope with high raw material [...]
The competitiveness of Viet Nam’s milk products remains weak because of dependence on imported materials and lack of high-tech equipment in the industry, officials have said. Phan Chi Dung, director of the Ministry of Industry and Trade’s Light Industry Department, said yesterday only 24 per cent of demand for locally produced materials was met during [...]
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