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
Vietnam Dairy Products JSC, Southeast Asia’s biggest milk producer by market value, is in talks to buy another U.S. company as it accelerates acquisitions to expand globally and drive revenue. The company, known as Vinamilk, expects the deal to close as early as next year, Chief Executive Officer Mai Kieu Lien said in an interview, declining to give the name of the target or the deal value. The dairy firm, which already has a stake in California-based Driftwood Dairy, may increase its mergers and acquisitions war chest as it strives to achieve annual revenue of $3 billion by the end of 2017, she said. “U.S. is the most difficult market,” Lien said at her office in Ho Chi Minh City. “If we are accepted in the U.S. market, it will be a big advantage for us, helping us to penetrate into other markets and boost our growth.” Vinamilk is casting for acquisitions overseas as Vietnam’s dairy market remains underdeveloped compared with neighboring countries. … [Read more...] about Vinamilk seeks to buy second U.S. dairy company in growth push
Dairy association launched By Minh Tam - The Saigon Times Daily HCMC - The Vietnam Dairy Association (VDA) was inaugurated in HCMC on Thursday with 57 members including local dairy companies, joint ventures and foreign enterprises. Mai Kieu Lien, general director of Vietnam Dairy Products Joint Stock Company (Vinamilk), said VDA would not control prices, just quality. Members must guarantee their products' quality when joining the association, while VDA will also protect its members' rights and interests, including dairy farmers and producers, said Lien, who is a member of the association's standing committee. The dairy market's average growth rate was 9.06% in the period from 2000 - 2009, according to the Vietnam General Statistics Office. Vietnamese people consume an average 14.8 liters each of milk per year. Vietnam had over 114,000 cows in 2009, supplying over 278,000 tons of commercial milk. … [Read more...] about Dairy association launched