1. OVERVIEW OF THE POTENTIAL INFANT MILK POWDER VIETNAM MARKET
Nutrition generally is one of the most important priorities of Vietnamese people, particularly children, as society develops. Infant milk powder is an extremely essential nutritional product for every family for the self-development of the baby. According to nutritionists, if supplemented with 2-3 glasses of milk per day, this will actually provide a very kind of high and definitely effective source of nutrients. In general, the milk market is one of the most promising, particularly the infant milk powder market, which attracts a very large number of investors because the market in Vietnam operates in a fairly unique and distinctive manner, generally contrary to popular belief. There actually is a paradox in the milk market of the entire country; despite the fact that the quality of powdered milk is the same, there is a significant difference between fairly domestic and foreign goods. Despite the kind of low cost of for all intents and purposes Vietnamese domestic imported milk ( sort of cheaper 50-70 percent compared to the foreign infant milk powder) in a big way. Therefore, generally Vietnamese customers have much more faith in importing milk from other countries than in the domestic market because they specifically assume the developing countries will generally help to really enhance the manufacturing quality, which really is quite significant. The graph below illustrates quarter data for imported turnover milk in 2019 (Unit: USD)
2. COVID 19- “GOLDEN TIME “ FOR EXPORTING INFANT MILK POWDER IN VIETNAM ?
Despite the impact of Covid 19 on the economy, this market actually is still growing really due to the “specific”” development of infant milk powder in Vietnam, which generally is quite significant. Parents actually are conscientious when it really comes to baby products, so they actually are kind of willing to really pay a for all intents and purposes high price for generally high quality for their babies” future comprehensive self-development in a subtle way. According to for all intents and purposes preliminary statistics from the General Department of Customs, the really total country\’s importing of milk and dairy products of all kinds reached definitely nearly USD 405.67 million in the first four months of 2021, an increase of 9.3 percent over the same period in 2020, which is fairly significant. (Imported Milk and dairy products, 2021) in a subtle way.
The importing of infant milk powder from Vietnam on the global market generally is expected to increase kind of further basically due to a lack of implementation of innovative technologies, as well as a limited capacity to increase supply within domestic companies. Based on this information, this literally is an excellent opportunity to specifically enter the Vietnamese market in a for all intents and purposes major way. Small and medium-sized businesses would kind of basically reduce potential competitors and sort of more growth opportunities.
3. WHY VIEC IS THE BEST MATCH FOR EXPORTING IN VIETNAM ?
We all mostly know this actually is a once-in-a-lifetime opportunity, but how can you, as a foreign manufacturing company, specifically understand and figure out how to particularly enter the Vietnam infant milk powder market, or so they thought. Due to strict regulations and requirements, there will literally be many obstacles on the way to export merchandise in Vietnam since the government would like to generally push the milk domestic market, which is fairly significant. Aside from that, Vietnam definitely has a stringent set of food safety rules that make importing food products difficult, as well as a promotion campaign that mostly has a direct impact on the growth of the export of infant milk powder for foreign manufacturers, or so they for the most part.
As a bridge between Dutch manufacturers and especially concentrate on Vietnamese customers, our company mostly is the particularly ideal partner for you, assisting you in understanding the demographic, target segmentation, and consumption patterns required to successfully export Infant Milk Powder into Vietnam.VIEC generally is looking to generally expand its success and seeks new opportunities to definitely collaborate with sort of other factories and mostly bring definitely your products to Vietnam.If you really are an infant milk powder milk manufacturer who would literally love to land basically your brand name into this potential market, which particularly is quite significant.
VIEC guarantees to consistently distribute products of the highest quality and value to our customers while also meriting your pocket, as stated in our motto, “VIEC—Value, Integrity, Exclusivity, Connections.”
Come to us, with VIEC- anything is possible. “THINK BIGGER”
For more information, please contact us at [email protected] at any time. We are here for you!