The delegation, headed by Swiss Asia Partner SA, recently met provincial authorities to accelerate the Be Milk factory project at Prodezi Industrial Park.
Discussions focused on the local investment environment, industrial development orientation and project implementation progress.
Under the plan, Swiss Asia Partner SA will act as the main investor and oversee market development through a franchise partnership with Sodiaal, owner of the Candia milk brand. The collaboration is expected to apply European standard production processes.
Design of the USD 100 million dairy factory in Tay Ninh (Photo: Investor).
The project, with total investment of around USD 100 million, will be developed in two phases. It also involves several international partners, including IPEM Group, Tetra Pak and Takenaka Corporation, underscoring its scale and high level of standardisation from the outset.
The investment comes as Vietnam’s dairy market continues to expand rapidly. According to IMARC Group, the market could reach approximately USD 13.37 billion by 2033, with a compound annual growth rate of 9.5 per cent between 2025 and 2033. While demand is rising, domestic supply remains limited, creating significant room for growth in dairy processing.
The sector is also seeing strong investment from local firms. In early March, TH Group began construction of a food processing plant at Song Than 3 Industrial Park in Ho Chi Minh City, with total investment of more than VND 6 trillion (approximately USD 240 million), covering around 10 hectares and designed capacity of nearly 1 million tonnes per year.
Industry representatives said Vietnam’s per capita milk consumption currently stands at around 31 to 32 litres per year, significantly lower than in many regional countries. The government aims to raise the figure to about 50 litres per person between 2030 and 2045, a target seen as achievable and supportive of further market expansion.
Alongside new projects, several large scale production facilities are already in operation, particularly in the former Binh Duong area. Notably, the “mega dairy factory” of Vinamilk has an annual capacity of around 1.2 billion litres, operating with a high level of automation from production to storage.