The Vietnamese bird's nest industry is far from the billion-dollar dream because managing bird's nest is like managing pigs and cows

Published 2024년 8월 1일

Tridge summary

Vietnam's bird's nest industry is facing challenges in exporting to China despite holding a 100-ton/year quota, as only 2 tons were exported in the first half of 2024. The industry is plagued by issues such as traceability, inconsistent origin tracking software between Vietnam and China, and disputes over test results for bird's nest ingredients. Additionally, the industry is cautious due to the risk of export products being canceled and not refunded if they are found to contain ingredients exceeding standards or being contaminated. The Vietnam Bird's Nest Association is advocating for unified management and testing results to mitigate these challenges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Although expected to bring in billions of dollars in revenue, Vietnam's bird's nest industry is still struggling with the export problem because there are many barriers. With a consumption of about 300 - 400 tons/year, accounting for 80% of the global market share, China is becoming a "promised land" for Vietnam's bird's nest industry, as the country has opened a quota for the bird's nest industry. Our country reaches 100 tons/year. But up to now, Vietnam's bird's nest industry is still cautious because of many unresolved problems. The bird's nest industry is still far from the billion-dollar dream. Mr. Hong Dinh Khoa, Vice President of the Vietnam Bird's Nest Association, said that the whole country currently has 9 businesses allowed to officially export bird's nests to China, with a quota of up to 100 million. tons/year. However, in the first 6 months of 2024, Vietnam's bird's nest export volume only reached more than 2 tons, with a value of 2.3 million USD. This is a rather ...

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