There is plenty of room for the soymilk industry to develop as over 1.5 million litres of soymilk are consumed in Vietnam every day, only 32 percent of which are canned.
There is plenty of room for the soymilk industry to develop as over 1.5 million litres of soymilk are consumed in Vietnam every day, only 32 percent of which are canned, the Thoi Bao Kinh te Vietnam (Economic Times) reported, citing statistics of market researching company Nielsen.
More than half of the soymilk sold in the market is hand-made by locals while industrially produced milk has yet to meet consumer demand and investment in the field remains modest.
According to the newspaper, the NutiFood company, the Hoang Anh Gia Lai group and the Institute of Agricultural Science for Southern Vietnam (IAS) signed an agreement on September 29 to create soybean growing areas to supply material for large-scale soymilk production.
CEO of Hoang Anh Gia Lai Doan Nguyen Duc said his group will entrust 1,000 hectares of land to NutiFood and scientists to study the development of organic soybean material. The land fund will be increased to 5,000 hectares in the next five years.
This is the first time a Vietnamese business has a plan to produce soymilk from organic material, he said.
According to NutiFood CEO Tran Thanh Hai, imported soybeans are less expensive than those locally-produced, but NutiFood has chosen domestic varieties to ensure quality. The seeds used in the soybean material development project are produced by the IAS, he noted.
Director of the IAS Tran Thanh Hung said large-scale farming and mechanisation are key to reducing soybean production cost.
NutiFood and Hoang Anh Gia Lai are carrying out the soybean material development project in the Central Highlands. If successful, the pair will partner to produce soymilk.
The Vietnam Soya Products Company (Vinasoy) is the largest soymilk producer in the country at present with over 80 percent of the soymilk output produced industrially nationwide. It is operating two manufacturing plants in central Quang Ngai and northern Bac Ninh provinces. By the end of this year, it will kick start construction of a third plant in southern Binh Duong province.
🐽 Last year, Vinasoy grossed 3.1 trillion VND (139.5 million USD) in revenue, a year-on-year rise of 49 percent.-VNA
With an average annual growth rate of 15-20 percent, the dairy industry has potential to attract investment despite the current economic difficulties, the Saigon Giai Phong (Liberated Saigon) online newspaper reported.
The TH True Milk brand name under the TH Group won three gold prizes at the Tasting Contest as part of the World Food Moscow 2015 exhibition held in Moscow from September 14-17.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Illustrative image (Source: Internet)
