Controlling meat and by-products, Vietnamese products are tightened

Published 2024년 3월 30일

Tridge summary

Vietnam's livestock and poultry industry, particularly in Ho Chi Minh City, has faced significant challenges from late 2022 into 2023, including a trade deficit in meat products, leading to the closure of hundreds of pork retail stores and a production downturn. The industry has been hit hard by a surge in meat imports, totaling nearly 400 thousand tons of pigs and over 350 thousand tons of poultry, exacerbating the competition with cheaper imported goods. Industry representatives call for state intervention and flexible regulations to protect domestic production against unfair competition and emphasize the importance of improving livestock farming productivity and establishing technical barriers to revitalize the sector. As of 2023, Vietnam's import turnover of livestock products reached 3.53 billion, highlighting the urgent need for strategic adjustments to ensure the sustainability of the domestic livestock industry.

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

Original content

From the end of the fourth quarter of 2022 until now, the domestic livestock and poultry breeding, processing and trading industry has struggled to maintain both domestic and foreign markets. Particularly in Ho Chi Minh City, the trade deficit of meat products and by-products caused hundreds of businesses' pork retail stores to close. The production contraction occurred when prices fell unprecedentedly. Not only the high-end segment, even the popular segment must compete for each small order to maintain sales with cheap imports. According to the Vietnam Livestock Association, by 2023 the amount of imported pigs will reach nearly 400 thousand tons, accounting for over 10% of domestic pork production; Imported poultry is over 350 thousand tons, accounting for 25-27% of domestic production. The amount of meat and frozen buffalo and cow by-products imported also increased sharply. In addition, there is a large amount of live livestock imported illegally and illegally across the border ...

Source: Vov