Vietnam: Housewife spends more than 1 billion USD on food, shocked by super cheap imported meat

Published Sep 4, 2024

Tridge summary

In the first 8 months of 2024, Vietnam has seen a significant increase in its meat imports, with a 20.3% surge year-on-year, leading to a trade deficit of approximately 970 million USD. The country imports a variety of meat products and by-products from 37 countries, with India, Russia, Brazil, Germany, Canada, the US, Spain, and Poland being the main suppliers. The low prices of these imported products, especially pork and poultry, are causing concerns about quality and safety, as well as potentially undermining local production and increasing the risk of disease spread.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It is estimated that in the first 8 months of 2024, Vietnam spent nearly 1.08 billion USD to import meat and edible by-products. Compared to the same period last year, the import value of this group of products increased sharply by 20.3%. Compared to the export figure of 105 million USD, our country is having a trade deficit of about 970 million USD of meat and edible by-products from animals. Specifically, our country imports fresh and frozen pork, buffalo, beef, poultry; imports edible by-products of animals such as chicken feet, chicken necks, chicken skin, hearts, kidneys, gizzards, etc. Vietnam imports meat and meat products and by-products from 37 countries and territories around the world. Of which, India, Russia, Brazil, Germany, Canada, the US, Spain, Poland, etc. are the main sources of livestock products for our country in the past 8 months. Notably, the prices of imported products are super cheap compared to domestically produced products. According to the report ...
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