You are here

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
Wednesday, December 30, 2015 - 05:50
BT_20151230_SYMILK30T9JX_2042711.jpg
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