Vietnam: What to do to get rid of the precariousness and difficulty of competition in the pig industry?

Published 2023년 8월 28일

Tridge summary

Vietnam's pig industry faces difficulties in the domestic market and struggles to export due to high costs and dependence on external supply chains. Vietnam has the fifth largest pig herd in the world, but its export of livestock products is still relatively low. Import taxes reduction through free trade agreements has flooded the Vietnamese market with cheap meat from abroad, making it even more challenging for domestic meat products to compete.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Therefore, the pig industry always faces many difficulties in the domestic market, not to mention can export smoothly. The cost of livestock in Vietnam is quite high because of the large dependent external supply chains. Precarious and difficult to compete According to the latest statistics of the Ministry of Agriculture and Rural Development, in 7 months, Vietnam's export of livestock products was estimated at 276 million USD, up 27.4% over the same period last year. In which, the export of milk and dairy products reached US$76 million, up 18.7%. Export of meat and edible meat by-products after slaughter reached US$80 million, up 36.5%. Vietnam has the fifth largest pig herd in the world (about 25 million heads, equivalent to 3.1 million tons). In the first half of the year, our country exported about 19,000 tons of pork (mainly frozen dairy pork), worth over $18.4 million. With live pigs, only about 6,800. In the opposite direction, in the past 7 months, Vietnam has spent up to ...

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