Abstract
JEL codesM10, M11Electronic supplementary materialThe online version of this article (doi:10.1186/2193-1801-2-161) contains supplementary material, which is available to authorized users.
Highlights
In the past few years, dairy industry has become one of the fastest growing sectors in the packaged food industry of Vietnam
Activity 1: Input ingredients include the import of dairy breeds for husbandry and the purchasing of raw milk powder ingredients for processing activities In dairy farming, the import turnover of dairy cattle is currently 3.5 times as much as the export turnover. (See the chart of import and export turnover of dairy cattle since 2009 and forecast until 2020 - Figure 2)
Since the dairy farming is underdeveloped, Vietnam has to import a large quantity of milk powder materials to serve processing activities
Summary
- Domestic dairy cattle farming - Dairy cattle importing from abroad - Milk powder importing. The following table compares the production and consumption of fresh milk in recent years (See Table 1 The production and consumption of fresh milk and % satisfaction of domestic demand): the capacity to meet demand has increased over the years, the market-demand satisfying level is still not high This suggests that the dairy industry has a lot of potentials for further development. The average-priced powder milk generates the highest profit among dairy products due to some following reasons: At present, there are few mill processing plants. As a result, this leads to monopoly price set for milk products. ECM stands for Energy Corrected Milk standardized at 4% fat and 3.3% protein
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