Vinamilk imports 5,000 cows from Australia
Vietnam Dairy Products JSC (Vinamilk) received two hundred dairy cows from Australia on February 25, the first shipment out of a total of 5,000 it plans to import during 2014.
As part of its business strategy to deal with strongly fluctuating world milk prices Vinamilk has embarked on investments in dairy farms to supply its processing plants quality product and increase the rate of localization.
In the 2014-2015 period, Vinamilk will open a total of four additional dairy farms in Tay Ninh, Ha Tinh and Thanh Hoa, bringing the total to nine stocked with approximately 46,000 cows.
The strategy is expected to assist Vinamilk increase its output to around 50 million litres per year.
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