With revenue exceeding 5 billion USD and a stable growth rate, the Vietnamese dairy industry is heading towards the goal of achieving 65% self-sufficiency in raw materials, building a sustainable production ecosystem.
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Source: congthuong.vn The robust journey of Vietnam's dairy industry According to statistics, the revenue of the entire dairy industry has increased steadily over the years, from approximately USD 4.4 billion in 2017 to USD 5 billion in 2022 and reaching over USD 5.03 billion in 2023. Along with this, thanks to the promotion of investment in dairy cattle farming, the total number of dairy cows nationwide has grown at an average rate of 4.6% per year, from 228,000 cows in 2014 to approximately 335,000 cows in 2024. The production of raw milk has achieved a growth rate of nearly 8.4% per year, from 550,000 tons in 2014 to over 1.2 million tons in 2024, helping Vietnam to become self-sufficient in about 40% of its domestic raw milk supply. However, the average per capita consumption of milk in Vietnam is still low compared to the world. Currently, Vietnamese people consume an average of about 36 kg/person/year, while the figures are 394 kg in Denmark, 228 kg in the United States, 251 ...