Vietnam spends nearly 1.4 billion USD importing cheap meat and by-products

Published 2024년 11월 12일

Tridge summary

Vietnam is facing pressure from the domestic livestock industry due to the influx of cheap imported meat, primarily from India, the US, Russia, and Germany. The imported meat is significantly cheaper than domestic meat, with some products priced at half the price, making it highly attractive to consumers. However, this has put pressure on the domestic industry, which is already struggling due to African swine fever reducing supplies and increasing prices. There are also concerns about food safety with imported meat, as over 1% tested positive for Salmonella bacteria. To address these concerns, the Department of Animal Health is working with exporting countries to ensure quality and recommends stricter quarantine measures. Market management agencies are also increasing supervision to eliminate substandard goods.

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

Original content

According to customs, most of the supply comes from India, the US, Russia and Germany. Imported meat is much cheaper than domestic products. Many types of frozen pork and chicken are priced at half the price of domestic products, creating great attraction in the market. According to VnExpress, imported pork is sold on the market for about 52,000-62,000 VND per kg, while domestic products range from 80,000 VND to 180,000 VND per kg. At an online store in Dong Anh, Hanoi, frozen pork leg is priced at 62,000 VND per kg, ribs are 60,000 VND and pork belly is 85,000 VND. This is lower than the price of domestic pork. The leader of the Dong Nai Livestock Association said that cheap imported meat flooding into Vietnam is putting great pressure on the domestic livestock industry. The spread of African swine fever since the beginning of the year has reduced domestic meat supplies and made domestic meat prices less competitive. Without strict control, cheap imports could continue to put ...

Source: VNExpress