Startling numbers about imported meat in the Vietnamese market

Meat

Vietnam

Market & Price Trends

Published Mar 11, 2024

Tridge summary

Vietnam has experienced a significant surge in meat and meat product imports, with a 76.2% increase in volume and 72% increase in value in January 2024 compared to the same period in 2023. The rise in imports has led to a decrease in prices, making imported meat popular in kitchens and restaurants. However, concerns have been raised about the safety and quality of these imports, particularly chickens and pigs, due to potential drug residues and the unknown quality of smuggled goods. This situation has negatively impacted the domestic livestock industry, causing heavy losses for local farmers. Stricter control on imports and a crackdown on smuggled goods have been suggested to protect both the domestic livestock industry and consumer health.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

On the morning of March 7, Mr. Phung Van Tien (employee of an imported meat warehouse in Hanoi) reviewed the quantity of products before sending quotes to the collective kitchens that this unit is distributing. He said that the price of some imported meat products decreased so he had to report it to the contact. For example, a whole Korean tough chicken a day ago was priced at 47,000 VND/kg (head and feet removed), now the price has dropped to 43,000 VND/kg. Or like pork bones from 27,000 VND/kg reduced to 25,000 VND/kg. The warehouse where Mr. Tien works is distributing hundreds of imported pork, chicken, buffalo, and beef products. Among them, chicken products are quite cheap, commonly priced at 40,000-50,000 VND/kg; Pork prices range from 25,000-85,000 VND/kg. "This price is very cheap compared to domestically produced products of the same type," Mr. Tien said. Therefore, imported meat is a popular ingredient in collective kitchens and popular restaurants. Preliminary ...

Source: Industry and Consumption Newspaper