The Vietnam Dairy Products Joint Stock Co. (Vinamilk) has received 400 out of a total of 1,000 dairy cows it plans to import from Australia this month.
It will import a further 2,000 cows — 400 from Australia and 1,600 from the US.
Vinamilk is sinking a lot of money into developing its own dairy farms in what is a key long-term strategy to reduce dependence on milk imports amid global price volatility.
As of April Vinamilk has nine dairy farms in Tuyen Quang, Thanh Hoa, Nghe An, Binh Dinh, and Lam Dong. Every day the farms and farmers around the country provide the company 650 tonnes of fresh milk for processing.