After signing a $20m milk export contract at Gulfood Dubai expo earlier this year, Vinamilk said the official export of sweetened condensed milk to China is a positive signal for the company as well as the Vietnamese dairy industry in general, contributing to Vietnam’s export turnover in the situation of slowing export in the first quarter of 2020 due to the Covid-19 pandemic.
According to Vinamilk’s representative, in China, the import of condensed milk has much growth potential. China’s import volume of this product almost doubled between 2016 and 2019.
Condensed milk is one of the key product lines of Vinamilk and has been exported by the company since 1997. It is now available in 30 countries including the US, Canada, Japan and South Korea, with accumulated export volume reaching more than 208,000 tons.
Vinamilk said the exports will also take Vietnam into the top five largest dairy exporters of condensed milk to China in volume terms.
Vo Trung Hieu, Vinamilk’s international business director, said, "Although Vinamilk has to ensure adequate supply for domestic demand in the context of epidemic prevention and social distancing, the company keeps focusing on product research, implementing production plans that fulfill export orders in general and for the Chinese market in particular.
“China remains a potential market with the population of 1.4bn and Vinamilk has made strategic plan to increase market penetration, aiming to double the export volume in the period of 2020-2021.”
Currently, five of the 13 Vinamilk factories across the country produce condensed milk products for the domestic and export markets.