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Facing TPP dairy deluge, Vietnam milk firms look for niche foreign markets

Global giants expected to flood local market with cheaper products once trade deal takes effect

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Vietnam's dairy industry was worth US$2.8 billion in 2013 and may have grown to US$4.1 billion this year, according to a report. Milk demand is soaring as household spending power increases but domestic dairy firms can meet only a third of the milk needs.

Hanoi

VIETNAM'S fast-growing dairy companies are investing big in new markets as they brace for stepped-up competition at home from global giants on the prowl to take advantage of a Pacific trade pact.

Domestic milk demand is soaring as household spending power increases in the

sentifi.com

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