2017 March Board Book

Vietnam GDP growth in Vietnam is still astounding at 6.2%. Lower minimum wages continue to attract foreign direct investment and imported food is becoming more attractive as urban population grows. The US is now the 11 th largest trading partner with Vietnam, up from 95 th just five years ago. We will be looking at snacking cheese, positioned as “the same cheese you love on pizza” as a growth opportunity in 2017. Thailand US dairy continues to face steep competitive pressure due to our disadvantage in duties versus other origins, specifically NZ which is at zero percent, versus thirty percent tariffs on US dairy. Growth opportunities are still present in both foodservice and retail, specifically frozen yogurt and fluid milk.

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