Vietnam potential of beef cattle farming

Published Oct 1, 2021

Tridge summary

Vietnam has seen a 2.4% increase in its cow herd in the first 7 months of 2021, reaching 6.3 million heads, due to the high demand for beef, which has risen by 5-6% every year and currently stands at 3.15kg/person/year. This demand is not met domestically, so the country has to import a growing volume of beef. Over 2.3 million Vietnamese households raise beef cattle, with many keeping less than five heads per household. The Ministry of Agriculture and Rural Development is implementing policies to develop the beef cattle sector, such as allocating land for breeding, constructing infrastructure, and providing financial support to breeders and businesses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Ministry of Agriculture and Rural Development, in the first 7 months of 2021, the cow herd in Vietnam has about 6.3 million heads, up 2.4% over the same period last year. Currently, the average beef consumption of Vietnamese people reaches 3.15kg/person/year and maintains a growth rate of 5-6%/year. Because the domestic beef production has not yet met the demand, the annual volume of imported beef and beef has continued to increase rapidly. In 2020, the number of live cows imported to Vietnam for slaughtering for meat is 106,000 tons, an increase of 30% compared to 2019. The country currently has more than 2.3 million households raising beef cattle, of which over 2 million households raise beef. less than 5 heads/household, raising livestock on a large scale 20 cows/household account for 0.21% of the total number of beef cattle raising households. Many cattle farms with thousands of cows in Hanoi, Hoa Binh, Ha Tinh, Gia Lai, Dong Nai, Tay Ninh... but still have ...
Source: Sggp

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