Livestock, a billion-dollar export industry, how many countries is Vietnam negotiating with?

Published 2024년 8월 13일

Tridge summary

Vietnam has seen a significant increase in the export of meat and meat products in the second quarter of 2024, with a 15.8% increase in volume and a 9.5% increase in value compared to the first quarter of the same year. This represents a 36.3% increase in volume and an 8.8% increase in value compared to the same period in the previous year. The majority of these exports were to Asian countries, particularly Hong Kong. The country is aiming to reach an export value of 1-1.5 billion USD for livestock products by 2025 and 3-4 billion USD by 2030. To achieve this, the Department of Animal Health is negotiating with various countries to export livestock products and building disease-free zones for livestock farming. The livestock industry in Vietnam accounts for over 25% of the agricultural sector and saw a 6.38% increase in total output in 2023. However, the industry faces challenges such as market fluctuations and feed availability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Preliminary statistics from the General Department of Customs also show that in the second quarter of 2024, Vietnam exported 6.19 thousand tons of meat and meat products, worth 25.95 million USD, up 15.8% in volume and 9.5% in value compared to the first quarter of 2024; compared to the second quarter of 2023, it increased by 36.3% in volume and 8.8% in value. Vietnam's meat and meat products are mainly exported to countries in the Asian region, of which the largest export is to the Hong Kong market (China), accounting for 41.59% in volume and 56.46% in value of the total export of meat and meat products of the whole country. Vietnam exported a total of 2.57 thousand tons of meat and meat products in the second quarter of 2024, worth 14.65 million USD, up 0.8% in volume but down 6.5% in value compared to the first quarter of 2024; compared to the second quarter of 2023, it increased by 25% in volume and 16.6% in value. In the second quarter of 2024, the main types of exported meat ...
Source: Danviet

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