The Hanoitimes - Vietnam has become an important market for Asahi Group, especially in nutritional products for children, said the group’s executive. Vietnam’s dairy products gain large local market share NutiFood’s new US visa opens up world of new opportunities Vietnam Nutrition Food (NutiFood) and Japanese beverage group Asahi Group Foods on January 10 announced the establishment of a joint-venture in a bid to bring nutritional products for children with Japanese standard to the Vietnamese market, local media reported. Illustrative photo. At the ceremony, Shoyama Katsuo, Asahi Group Foods’ president, said the group’s products, particularly the baby food brand Wakodo, have been available in over 70 countries, including Vietnam, but this is the first time that Asahi joins hands with a foreign company in the field of consumer product. According to Katsuo, establishing a joint venture in a new market would have more … [Read more...] about Japan’s Asahi Group sets up JV to tap in Vietnam’s dairy market
VietNamNet Bridge - The news that Danone Vietnam, a subsidiary of French Danone, the owner of Dumex brand, would shut down by 2017 has raised doubts that the Vietnamese dairy market is no longer attractive. Milk shops and sales agents were surprised about the news that Danone is scaling down its operation in Vietnam, saying that they still continue receiving goods from the supplier for sale. Ngoc, the owner of a shop on Nguyen Thai Son street in Go Vap district, said she receives VND3-4 million worth of Dumex dairy products a month. Ngoc said Dumex is a well known brand. However, compared with other brands, Dumex's products sell more slowly and there are fewer loyal customers. The manufacturer rarely launched sales promotion program in the last year, which could be a reason for the slower sales. Some other sales agents said the sale has been going as usual, with no big increase and decrease. The best sellers are products for children aged 6-12 months and 1-2 years old. A report … [Read more...] about Is Vietnam’s dairy market no longer attractive to foreigners?
VietNamNet Bridge - The dairy market is expected to become hot as more free trade agreements (FTAs) take effect, bringing more foreign producers to the Vietnamese market. Analysts say powdered milk is now a playing field for foreign producers, who hold 70 percent of the market share. The liquid milk market segment is led by Vinamilk, a Vietnamese producer which holds 50 percent of market share. Pham Thi Kim Oanh, director of DFB Hanco Nutrition, said that 3 percent milk material tax cut would have no significance to producers, but 7-10 percent tax cut on finished products will attract foreign firms. Euromonitor, a market analysis firm, commented that the ‘heat from FTA has caused Vietnamese enterprises to transpire’. The production cost of dairy products in Vietnam is $1.4 per liter, which is higher than $1.2 per liter in New Zealand and Australia. Vietnamese dairy producers would find it difficult to compete with imported products once the import tariff is removed. … [Read more...] about Fierce battle in dairy market anticipated
The Vietnamese dairy industry hopes to grow at 20-25 percent annually through the next decade spearheaded by yoghurt products, according to the Animal Husbandry Department. Yoghurt accounts for just 12-20 percent of milk-based products in Vietnam compared to 50 percent in many countries. The Vietnam Dairy Products Joint Stock Company, or Vinamilk, is the largest player in the dairy market, selling fresh and processed milk, sweetened condensed milk, yoghurt, and other products. Its revenue from yoghurt sales last year was 2 trillion VND (105.3 million USD), which accounted for 60 percent of the total yoghurt market. Many other companies like the International Dairy Products Joint Stock Co (IDP) and Kido Dairy Products JS Co have recently entered the yoghurt market, some with success. Nguyen Tuan Dung, deputy general director of IDP, which makes Ba Vi yoghurt, said realising the potential of the market, IDP has bought probiotics, a kind of micro-organism that aids fermentation, … [Read more...] about 5 Yoghurt expected to lead growth in dairy market
VietNamNet Bridge - The Vietnamese yoghurt market in 2012 was worth VND5.7 trillion, while the figure is expected to soar to VND12.4 trillion in 2013. This is the most attractive market segment of the dairy industry. Vinamilk is believed to lead the yoghurt market, holding 90 percent of the market share. The figure remains doubtful in the eyes of many people, who believe that Vinamilk has a lot of powerful rivals such as the Dutch Friesland Campina (Yomost), Kinh Do (Well-Yo), IDP (Love in Farm), Yogus (Dalatmilk). About 10 other foreign brands have also been available on the market, including Ferman Milch Geister and Kids Mix. Nguyen Trong Tan, Director of Landtabrand, a branding consultancy firm, believes that the 90 percent of market share of Vinamilk truly reflects the current situation in the market: the sales of Vinamilk's products are always the biggest at supermarkets. A report of Vinamilk shows that by the end of 2012, the dairy producer had had 200,000 retail points … [Read more...] about Yoghurt will re-map dairy market