Central Highlands province inaugurates 20-mln-liter milk factory

By Tri Duc
Fri, October 28, 2022 | 9:17 pm GMT+7

The Central Highlands province of Lam Dong inaugurated Thursday the VPMilk Eco Farm milk factory with an annual processing capacity of 20 million liters, the fifth in the province.

VPMilk inauguarates a new milk factory in Lam Dong province, Vietnam's Central Highlands on October 27, 2022. Photo courtesy of Young People newspaper.

VPMilk inauguarates a new milk factory in Lam Dong province, Vietnam's Central Highlands on October 27, 2022. Photo courtesy of Young People newspaper.

The 3.5-hectare factory in Tu Tra commune, Don Duong district will process materials from Don Duong and Duc Trong districts of Lam Dong, about 15 kilometers from the resort town of Dalat.

The two districts are among the biggest milk cow hubs in Vietnam with over 10,000 heads, up 51% against 2017, and an output of 200 tons a day, said Duong Duc Dai, chairman of Don Duong district. He added that prior to the latest factory, four plants in the district were incapable of processing all cow milk in the area.

Earlier on August 15, VPMilk signed contracts with households in Don Duong district to collect milk, part of its plan to collect 5.5 tons of cow milk daily for processing into dairy products.

Revenue of the dairy market in Vietnam reached VND113,700 billion in 2020 and increased to VND119,300 billion ($4.8 billion) in 2021 amid the Covid-19 pandemic, according to information released at the Vietnam Dairy 2022 exhibition in Hanoi on May 31-June 4.

Liquid milk output in the country was 1.77 billion liters in 2021, up 4.5% year-on-year, said the General Statistics Office.

VPMilk is a relatively new brand in Vietnam, founded in 2014 and debuting its first products in 2016.

The biggest milk brands in Vietnam in 2020 were Vinamilk with 40% of the market share, Friesland Campina Vietnam with 18%, TH true MILK with 11%, Vinasoy and Nestle Vietnam with 7% each, according to a report of brokerage house VNDirect and market research company Euromonitor.

Comments (0)
  • Read More
Tech giants keen on semiconductor investments in Vietnam: minister

Tech giants keen on semiconductor investments in Vietnam: minister

Many global tech majors have shown keen investment interest in Vietnam’s electronics and semiconductor industries, Minister of Planning and Investment Nguyen Chi Dung said Saturday.

Economy - Sat, May 4, 2024 | 8:33 pm GMT+7

Former Government Office chairman Mai Tien Dung detained

Former Government Office chairman Mai Tien Dung detained

Mai Tien Dung, former head of the Government Office, has been arrested by the Ministry of Public Security's investigative agency.

Politics - Sat, May 4, 2024 | 5:57 pm GMT+7

Agribank brings digital banking experience to remote areas

Agribank brings digital banking experience to remote areas

Agribank is a pioneer bank in investing and providing card and ATM services in Vietnam's agricultural and rural areas, meeting the needs of people in even border areas, islands, and remote areas.

Banking - Sat, May 4, 2024 | 3:50 pm GMT+7

Six miles and beyond: Vietnam draft law sets offshore boundary

Six miles and beyond: Vietnam draft law sets offshore boundary

Wind power plants with all turbines located six nautical miles beyond the nation’s sea area will be deemed offshore, per draft amendments to the Law on Electricity.

Energy - Sat, May 4, 2024 | 3:35 pm GMT+7

S Korea's Lock&Lock records 2023 sales of $61 mln in Vietnam

S Korea's Lock&Lock records 2023 sales of $61 mln in Vietnam

Lock&Lock (LocknLock), a South Korean manufacturer of household products, recorded sales of KRW83.15 billion ($61 million) in Vietnam last year, according to the firm’s performance review for 2023.

Companies - Sat, May 4, 2024 | 11:05 am GMT+7

Former HSBC Vietnam CEO to run mid-sized bank OCB

Former HSBC Vietnam CEO to run mid-sized bank OCB

Pham Hong Hai, former CEO of HSBC Vietnam, has been appointed acting general director of Ho Chi Minh City-based Orient Commercial JS Bank (OCB).

Banking - Sat, May 4, 2024 | 10:49 am GMT+7

Rice stocks plunge, delist despite Vietnamese rice success in global arena

Rice stocks plunge, delist despite Vietnamese rice success in global arena

Vietnamese rice is continuing to make gains in the global arena, but domestic rice businesses are facing constant losses and plunging stock prices.

Finance - Sat, May 4, 2024 | 10:46 am GMT+7

Thailand forms AI committee to boost digital economy

Thailand forms AI committee to boost digital economy

Thailand's Ministry of Digital Economy and Society (DES) is advancing its plans to form a new national artificial intelligence (AI) committee as part of its effort to advance the second phase of the national AI strategy.

Southeast Asia - Sat, May 4, 2024 | 8:53 am GMT+7

Indonesia welcomes highest number of foreign tourists in four years

Indonesia welcomes highest number of foreign tourists in four years

Indonesia’s Central Statistics Agency (BPS) recorded more than 3 million foreign tourist arrivals in the country in the first quarter of 2024.

Southeast Asia - Sat, May 4, 2024 | 8:51 am GMT+7

Thailand to switch to early morning, evening tourism amid extreme heat

Thailand to switch to early morning, evening tourism amid extreme heat

The Tourism Authority of Thailand (TAT) is preparing to promote early morning and evening tourism to stabilise the market, as extreme hot weather has kept people from taking part in outdoor activities.

Southeast Asia - Sat, May 4, 2024 | 8:50 am GMT+7

Indonesia expects to earn $70 bln from exports to China

Indonesia expects to earn $70 bln from exports to China

The Indonesian government is optimistic that the export value to China would reach $70 billion in 2024.

Southeast Asia - Sat, May 4, 2024 | 8:31 am GMT+7

Digital transformation, green development focuses of Vietnam logistics: official

Digital transformation, green development focuses of Vietnam logistics: official

Vietnam's logistics businesses should focus on digital transformation and green development to improve their capacity and competitiveness, said Tran Thanh Hai, deputy director of the Import and Export Department under the Ministry of Industry and Trade.

Economy - Sat, May 4, 2024 | 8:27 am GMT+7

Advance effective date of housing, realty laws by 6 months, parliament urged

Advance effective date of housing, realty laws by 6 months, parliament urged

Vietnam’s Construction Ministry has proposed that the National Assembly, the country's parliament, advance the effective date of the 2023 Laws on Housing and Real Estate Business by six months to July 1 this year.

Real Estate - Fri, May 3, 2024 | 10:07 pm GMT+7

Samsung launches training program to aid Vietnam’s 50,000 semiconductor talent goal

Samsung launches training program to aid Vietnam’s 50,000 semiconductor talent goal

Samsung Vietnam and the National Innovation Center (NIC) jointly launched the Samsung Innovation Campus (SIC) 2023-2024, a technological talent training program, at the NIC facility in Hanoi on Friday.

Companies - Fri, May 3, 2024 | 9:44 pm GMT+7

Vietnam currency to strengthen towards year-end: UOB

Vietnam currency to strengthen towards year-end: UOB

Vietnamese dong (VND), the local currency, is expected to appreciate against the greenback in H2/2024, with the U.S. Federal Reserve likely to cut interest rates twice this year.

Banking - Fri, May 3, 2024 | 7:58 pm GMT+7

Most Vietnamese tourists feel guilty about less sustainable travel choices: Booking.com

Most Vietnamese tourists feel guilty about less sustainable travel choices: Booking.com

A majority of Vietnamese survey respondents (56%) feel guilty about less sustainable travel choices and almost all of them (94%) want to travel more sustainably over the next 12 months.

Travel - Fri, May 3, 2024 | 5:32 pm GMT+7