Cheap foreign chickens are 'killing' domestic chickens in Vietnam

Published 2023년 5월 8일

Tridge summary

Vietnam is currently facing a crisis in its poultry industry due to an oversupply of chicken caused by both an abundance of domestic production and the import of cheap chicken from other countries. This oversupply is attributed to the lower production costs and higher efficiency of large-scale livestock farms in Vietnam, which cannot compete with the imported chicken prices. The situation is further worsened by Vietnam's participation in free trade agreements, resulting in zero tax on imported goods, and inadequate technical barriers, allowing cheap imported chickens to flood the market. The crisis has led to significant losses for poultry farmers, forcing many to cease production and hang their cages, signifying the abandonment of poultry farming. The industry is in critical need of state management to balance supply and demand, and to establish higher technical standards for imported goods to protect local farmers and prevent an overwhelming surge of cheap chicken.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On May 7, recorded at some retail markets, the seller said that now the price of chicken of all kinds has been reduced such as: chicken wings 70,000-80,000 VND/kg, chicken thighs in quarters 55,000-60,000 VND/kg, lean breast 80,000 VND/kg, wings 70,000 VND/kg. Meanwhile, at some supermarkets, imported chicken is cheap such as: frozen American garlic thighs at 49,000 VND/kg, Taiwanese chewy chicken at 62,900 VND/kg, and directly imported whole Australian chicken at 59,000 VND/kg. Le Van Quyet, Vice Chairman of the Poultry Breeding Association of the Southeast, said that currently the source of imported chicken to Vietnam is cheap while the production capacity of the poultry industry is abundant, so domestic chickens are not consumed. available, leading to an oversupply. The source of chicken imported to Vietnam includes by-products, foreign countries reduce the price to sell because otherwise it also costs processing costs. Secondly, if goods are not sold out, they have to be ...

Source: Vietstock