A local pharmaceutical company and a New Zealand dairy producer have closed a deal on sheep milk distribution in Vietnam, the first of its kind between the two countries.
The signing ceremony was held by the New Zealand Consulate General in Ho Chi Minh City on Monday, under which Viet Ha Pharma Corporation agreed to purchase dairy products from Spring Sheep Milk Co.
Viet Ha Pharma Corporation is a local supplier and distributor in the medicine and dietary supplement sector, while Spring Sheep Milk is a global supplier of pure, highly nutritious sheep milk.
This first-ever agreement to distribute New Zealand sheep milk in Vietnam will pave the way for further trade cooperation within the dairy sector between the two countries, according to industry insiders.
It will also allow Vietnamese consumers to access a new kind of high quality sheep milk loaded with essential vitamins, minerals, and nutrients.
New Zealand is the world’s ninth-largest dairy producer and accounts for more than 35 percent of global dairy trade, though it is only responsible for 2.4 percent of global milk production.
The Kiwi country’s milk production has achieved spectacular growth over the last 30 years, mushrooming from 6.7 million metric tons in 1982 to over 21 million metric tons in 2016, according to the New Zealand Consul General and Trade Commissioner Karlene Davis.
“New Zealand has a long trading history with Vietnam,” Davis said at Monday’s ceremony.
“Last year New Zealand exported US$249 million worth of dairy products [to Vietnam], with milk powder, butter and dairy spreads being the top exports.”
The New Zealand Consulate General in Ho Chi Minh City has pledged to continue supporting businesses in Vietnam with access to goods, materials, food and services in the Kiwi country.