Analyst Pin-board: VNM – Domestic Demand to Lead Growth
After a period of slow down in the growth of domestic demand for dairy products (especially in urban areas), we believe that the first half of this year has seen positive changes (Figures 1 & 2). According to Kantar Worldpanel, in Q2 2019, dairy and its related products continue to be the leading FMCG sector with an impressive value growth of 14.7% and 6.8% in rural and urban areas (4 major cities), respectively. This shows that demand for dairy products has recovered.
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