Vietnam imports record amount of meat and by-products

Published 2024년 12월 10일

Tridge summary

Vietnam has spent over $1.55 billion on meat imports in the past 11 months, with the majority of the meat coming from India, the US, Russia, and Germany. The imported meat, particularly frozen pork and chicken, is preferred due to its lower prices compared to domestic meat. However, the influx of imported meat also raises concerns about food safety, with over 1% of imported meat shipments found to be contaminated with Salmonella bacteria. The African swine fever epidemic, which has decreased the domestic meat supply and increased prices, has further fueled the demand for imported meat.

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Original content

Source: vnexpress.net According to preliminary figures from customs, in the past 11 months, Vietnam has spent a total of nearly VND38,000 billion (US$1.55 billion) to import meat, an average of VND3,450 billion per month. Most of the supply comes from India, the US, Russia and Germany. In particular, frozen pork and chicken are increasingly popular due to their significantly cheaper prices than domestic products. Statistics show that the price of imported pork ranges from VND52,000-62,000 per kilogram, only about half the price of domestic pork, which is VND80,000-180,000 per kilogram. Imported goods are prioritized by restaurants, eateries and industrial parks to reduce costs. Mr. Nguyen Tri Cong, Chairman of Dong Nai Livestock Association, said that the signing of many free trade agreements in recent years has created favorable conditions for massive imports into Vietnam. More competitive prices and abundant supply have boosted demand for imported meat. In addition, the ...

Source: AgroInfo.vn