Vietnam Dairy Standard Report
VIETNAM DAIRY INDUSTRY
Dairy is an important and essential food but due to the high price compared to Vietnamese average income leading to the limitations in dairy’s expenses. Dairy’s spending accounts for 10% of the total food’s expenditure in Vietnam. Average GDP per capita growing constantly is the important factor boosting the dairy consumption. The Young population structure enables a potential market to promote the dairy industry.
The input of processing dairy consists of fresh milk and powder, in which the powder trade among countries dominates.The cow's milk material production in 2018 was estimated to achieve 725.8 million tons, increase 1.7% compared to 2017. The milk consumption is forcusing on skimmed powder which is a material using in manufacturing mink products, baby powders because it has already separated milk fat which is difficult to disgest with young children.
By the end of 2018, domestic fresh milk material production was estimated to achieve approximately 960.0 thousand tons, rise 6.2% compared to the same period of 2017; consumption revenue in VIetnam increased 10.9% in comparison with 2017. Powder consumption revenue grew continuously between 2010 and 2018 with the growth rate reaching CAGR at 19.4%.
From 2010 to 2018, Vietnam imported about 7.2 billion USD of mlk and dairy products, spent 890 million USD each year to meet the domestic consumption demand. Vietnam processing dairy industry was planned for development until 2020, with a vision to 2025 with many mechanisms and policies in order to help bussinesses in the industry and enhance competition when international integration.
Dairy is an important and essential food but due to the high price compared to Vietnamese average income leading to the limitations in dairy’s expenses. Dairy’s spending accounts for 10% of the total food’s expenditure in Vietnam. Average GDP per capita growing constantly is the important factor boosting the dairy consumption. The Young population structure enables a potential market to promote the dairy industry.
The input of processing dairy consists of fresh milk and powder, in which the powder trade among countries dominates.The cow's milk material production in 2018 was estimated to achieve 725.8 million tons, increase 1.7% compared to 2017. The milk consumption is forcusing on skimmed powder which is a material using in manufacturing mink products, baby powders because it has already separated milk fat which is difficult to disgest with young children.
By the end of 2018, domestic fresh milk material production was estimated to achieve approximately 960.0 thousand tons, rise 6.2% compared to the same period of 2017; consumption revenue in VIetnam increased 10.9% in comparison with 2017. Powder consumption revenue grew continuously between 2010 and 2018 with the growth rate reaching CAGR at 19.4%.
From 2010 to 2018, Vietnam imported about 7.2 billion USD of mlk and dairy products, spent 890 million USD each year to meet the domestic consumption demand. Vietnam processing dairy industry was planned for development until 2020, with a vision to 2025 with many mechanisms and policies in order to help bussinesses in the industry and enhance competition when international integration.
Abbreviations
Summary
I. Business environment
1. MACROECONOMIC SITUATION
2. LEGAL FRAMEWORK
II. Global market
1. DAIRY GOODS
III. Vietnam’s market
1. HISTORY OF ESTABLISHMENT AND DEVELOPMENT
2. PRODUCTION PROCESS
3. PRODUCTION
4. CONSUMPTION
5. IMPORT EXPORT
6. PRICE
IV. Industrial development plan
V. Drivers of the dairy industry
VI. Enterprise Analysis
1. ENTERPRISE INTRODUCTION
2. FINANCIAL ANALYSIS
Summary
I. Business environment
1. MACROECONOMIC SITUATION
2. LEGAL FRAMEWORK
II. Global market
1. DAIRY GOODS
III. Vietnam’s market
1. HISTORY OF ESTABLISHMENT AND DEVELOPMENT
2. PRODUCTION PROCESS
3. PRODUCTION
4. CONSUMPTION
5. IMPORT EXPORT
6. PRICE
IV. Industrial development plan
V. Drivers of the dairy industry
VI. Enterprise Analysis
1. ENTERPRISE INTRODUCTION
2. FINANCIAL ANALYSIS
LIST OF FIGURES
Figure 1: GDP and dairy consumption per capita
Figure 2: Expenditure structure of Vietnamese people, 2018
Figure 3: Market share of Beverage (excluding Beer) by shopping channels of age groups, 2018
Figure 4: Rate of urbanization in Vietnam, 2010 - 2018
Figure 5: Growth in urban and rural dairy consumption by quarter, 2015–2018
Figure 6: Total population and populstion structure in working age period 2010-2018
Figure 7: VND/USD exchange rate, 1/2011 – 12/2018
Figure 8: Monthly CPI Fluctuation 1/2015 - 12/2018
Figure 9: Consumer confidence index by quarter, 2014 – Q3/2018
Figure 10: Retail sales of goods, 2010 - 2018
Figure 11: Liquid milk production and consumption, 2012 – 2019f
Figure 12: Fresh milk consumption per capita, 2008-2023f
Figure 13: Milk consumption per capita growth 2006 - 2025
Figure 14: Global cheese production and consumption, 2011 – 2019f
Figure 15: Cheese production structure, 2018e
Figure 16: Cheese consumption structure, 2018e
Figure 17: Cheese Global Trade 2011 – 2019f
Figure 18: Structure of skimmed milk powder production and consumption, 2018e
Figure 19: Global WMP production and consumption, 2015 – 2019f
Figure 20: Production structure of WMP, 2018e
Figure 21: Comsumption structure of WMP, 2018e
Figure 22: Global butter production and consumption, 2011 – 2019f
Figure 23: Consumption structure of butter, 2018e
Figure 24: Global yogurt production value, 2000 -2019f
Figure 25: Market share of global yogurt by company name, 2018e
Figure 26: Consumption of milk and dairy products per capita, 2013 – 2020f
Figure 27: Consumption of dairy products per capita, 2018
Figure 28: Number of enterprises and workers in the dairy industry, 2010 - 2017
Figure 29: Fixed asset value of dairy sector over the years, 2010 - 2017
Figure 30: Production volume of liquid milk, 2010 – 2018
Figure 31: Production volume of milk powder, 2010 –2018
Figure 32: Production of liquid milk and powdered milk by month, 2016 – 2018
Figure 33: Dairy industry's sales, 2010 – 2017e
Figure 34: Dairy consumption per capita, 2008 – 2017f
Figure 35: Sales of liquid milk, 2010 –2018e
Figure 36: Market share of liquid milk, 2017
Figure 37: Sales of powdered milk, 2010 - 2018e
Figure 38: Market share of powdered milk by brand, 2017e
Figure 39: Sales of yogurt, 2010 – 2018e
Figure 40: Market share of yogurt by brand, 2017e
Figure 41: Sales of condensed milk, 2010 – 2018e
Figure 42: Market share of condensed milk, 2017e
Figure 43: Import of milk and dairy products, 2010 – 2018
Figure 44: Import structure of milk and dairy products by HS code, 2018e
Figure 45: Import market for milk and dairy products, 2018e
Figure 46: Export of milk and dairy products, 2010 – 2018e
Figure 47: Total population and birth rate over the years, 2010-2017
Figure 48: Number of people above 60 years old, 2017 - 2030f
Figure 49: Elder rate having healthy problems, 2017
Figure 50: Net revenue, 2016 - 2017
Figure 51: Gross profit, 2016 - 2017
Figure 52: Selling expense/Net revenue, 2016 - 2017
Figure 53: Vinamilk's sales and advertising expenses, 2010 - 2017
Figure 54: Selling expense structure of Vinamilk, 2017
Figure 55: Administrative expenses, 2016 - 2017
Figure 56: Debt, 2016 - 2017
Figure 57: Short-term Assets/Long-term Assets, 2016 - 2017
Figure 58: Liquidity, 2016 - 2017
Figure 59: Profit Ratio, 2017
Figure 1: GDP and dairy consumption per capita
Figure 2: Expenditure structure of Vietnamese people, 2018
Figure 3: Market share of Beverage (excluding Beer) by shopping channels of age groups, 2018
Figure 4: Rate of urbanization in Vietnam, 2010 - 2018
Figure 5: Growth in urban and rural dairy consumption by quarter, 2015–2018
Figure 6: Total population and populstion structure in working age period 2010-2018
Figure 7: VND/USD exchange rate, 1/2011 – 12/2018
Figure 8: Monthly CPI Fluctuation 1/2015 - 12/2018
Figure 9: Consumer confidence index by quarter, 2014 – Q3/2018
Figure 10: Retail sales of goods, 2010 - 2018
Figure 11: Liquid milk production and consumption, 2012 – 2019f
Figure 12: Fresh milk consumption per capita, 2008-2023f
Figure 13: Milk consumption per capita growth 2006 - 2025
Figure 14: Global cheese production and consumption, 2011 – 2019f
Figure 15: Cheese production structure, 2018e
Figure 16: Cheese consumption structure, 2018e
Figure 17: Cheese Global Trade 2011 – 2019f
Figure 18: Structure of skimmed milk powder production and consumption, 2018e
Figure 19: Global WMP production and consumption, 2015 – 2019f
Figure 20: Production structure of WMP, 2018e
Figure 21: Comsumption structure of WMP, 2018e
Figure 22: Global butter production and consumption, 2011 – 2019f
Figure 23: Consumption structure of butter, 2018e
Figure 24: Global yogurt production value, 2000 -2019f
Figure 25: Market share of global yogurt by company name, 2018e
Figure 26: Consumption of milk and dairy products per capita, 2013 – 2020f
Figure 27: Consumption of dairy products per capita, 2018
Figure 28: Number of enterprises and workers in the dairy industry, 2010 - 2017
Figure 29: Fixed asset value of dairy sector over the years, 2010 - 2017
Figure 30: Production volume of liquid milk, 2010 – 2018
Figure 31: Production volume of milk powder, 2010 –2018
Figure 32: Production of liquid milk and powdered milk by month, 2016 – 2018
Figure 33: Dairy industry's sales, 2010 – 2017e
Figure 34: Dairy consumption per capita, 2008 – 2017f
Figure 35: Sales of liquid milk, 2010 –2018e
Figure 36: Market share of liquid milk, 2017
Figure 37: Sales of powdered milk, 2010 - 2018e
Figure 38: Market share of powdered milk by brand, 2017e
Figure 39: Sales of yogurt, 2010 – 2018e
Figure 40: Market share of yogurt by brand, 2017e
Figure 41: Sales of condensed milk, 2010 – 2018e
Figure 42: Market share of condensed milk, 2017e
Figure 43: Import of milk and dairy products, 2010 – 2018
Figure 44: Import structure of milk and dairy products by HS code, 2018e
Figure 45: Import market for milk and dairy products, 2018e
Figure 46: Export of milk and dairy products, 2010 – 2018e
Figure 47: Total population and birth rate over the years, 2010-2017
Figure 48: Number of people above 60 years old, 2017 - 2030f
Figure 49: Elder rate having healthy problems, 2017
Figure 50: Net revenue, 2016 - 2017
Figure 51: Gross profit, 2016 - 2017
Figure 52: Selling expense/Net revenue, 2016 - 2017
Figure 53: Vinamilk's sales and advertising expenses, 2010 - 2017
Figure 54: Selling expense structure of Vinamilk, 2017
Figure 55: Administrative expenses, 2016 - 2017
Figure 56: Debt, 2016 - 2017
Figure 57: Short-term Assets/Long-term Assets, 2016 - 2017
Figure 58: Liquidity, 2016 - 2017
Figure 59: Profit Ratio, 2017
LIST OF TABLES
Table 1: Some brands of powdered milk in Vietnam
Table 2: Description of goods under the HS code
Table 3: Retail price of some powdered milk products for kids under six years old in 12/2018
Table 4: Development planning for dairy products to 2020, vision to 2025
Table 5: Indicators for performance efficiency, 2017
Table 1: Some brands of powdered milk in Vietnam
Table 2: Description of goods under the HS code
Table 3: Retail price of some powdered milk products for kids under six years old in 12/2018
Table 4: Development planning for dairy products to 2020, vision to 2025
Table 5: Indicators for performance efficiency, 2017
