Agriculture Ministry suggests meat stockpiling to pre-empt pork shortage

Vietnam is seeking solutions to prevent pork supply shortage in the coming time as African swine fever continues to spread.

Agriculture Ministry suggests meat stockpiling to pre-empt pork shortage

The problem was discussed at a meeting between the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development on May 30.

Statistics from the Ministry of Industry and Trade show that African swine fever has been detected in 43 cities and provinces.

As of May 24, over 1.7 million pigs were destroyed, accounting for 5% of the country's total pigs.

Currently, pork is being sold at low prices due to lower demand.

Pork prices dropped to VND28,000 (USD1.2) to 32,000 per kilo in the north and VND32,000 to VND38,000 per kilo in the south since April.

Do Thang Hai, deputy director of the Ministry of Industry and Trade, worried that Vietnam would face a shortage of pork in the future.

Deputy head of the Ministry of Agriculture and Rural Development Phung Duc Tien said the most suitable solution was to buy healthy pigs and then stockpile frozen pork.

This solution will help prevent losses for farmers and state budget spending as well as protect the environment.

 

However, it is not easy to store such a huge amount of pork because of limited capacity and equipment at local firms.

Vietnam has 387 major slaughterhouses and 27,000 small facilities, mostly in the Red River Delta.

Le Van Loc, deputy director of Dong Nai Province Department of Industry and Trade said they didn't have a frozen warehouse that can meet the required standards.

Other attendees suggested developing a plan to help farmers raise pigs again in the future.

In order to carry out the plan, the Ministry of Industry and Trade would propose to the government to support local firms in transportation and pork freezing processes.

Commercial banks were asked to provide loan packages with preferential interest rates.

Nguoi Lao Dong/Dtinews

HCM City plans to reserve pork, poultry as ASF virus spreads fast

HCM City plans to reserve pork, poultry as ASF virus spreads fast

Ho Chi Minh City has planned a reserve to protect the country from shortages and price volatility as ASF virus is spreading fast.  

As many as 124 children test positive for pork tapeworms

As many as 124 children test positive for pork tapeworms

As many as 124 children test positive for pork tapeworms

 
 

Other News

.
COVID-19 woes: Footwear exports likely to fall short of target
COVID-19 woes: Footwear exports likely to fall short of target
BUSINESSicon  17/09/2020 

Footwear exports this year are unlikely to hit the target of US$24 billion because of the fallout of the Covid-19 pandemic.

FTAs help attract more foreign investors to Vietnam
FTAs help attract more foreign investors to Vietnam
BUSINESSicon  17/09/2020 

Free trade agreements (FTAs) that Vietnam has signed with its partners have been an important factor attracting foreign investments to the country.

Real estate businesses struggling amid pandemic
Real estate businesses struggling amid pandemic
BUSINESSicon  17/09/2020 

The severe economic blows from COVID-19 have forced scores of businesses to suspend operations and even file for bankruptcy, with real estate companies among the hardest hit.

Apartment selling prices on the rise in Hanoi
Apartment selling prices on the rise in Hanoi
BUSINESSicon  17/09/2020 

Apartment prices have increased to a new level, particularly in center city areas.

Gov’t to ask NA to waive charges for water exploitation rights
Gov’t to ask NA to waive charges for water exploitation rights
BUSINESSicon  16/09/2020 

Thousands of businesses will not have to pay for the right to exploit water this year if a plan submitted by the Government is approved by the National Assembly.

VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 17
VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 17
BUSINESSicon  17/09/2020 

Measures needed to support COVID-19-hit enterprises

VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 16
VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 16
BUSINESSicon  16/09/2020 

ADB cuts Vietnam GDP growth forecast to 1.8% in 2020

Large growth potential for Vietnam banking services in long-term
Large growth potential for Vietnam banking services in long-term
BUSINESSicon  16/09/2020 

Many listed banks witnessed weak performance of fee income growth in the first six months of the year due to the Covid-19 pandemic.

Number of hotels on sale reaches record in Vietnam
Number of hotels on sale reaches record in Vietnam
BUSINESSicon  16/09/2020 

Hotels for sale is reaching a record number in a decade in Vietnam.

Hundreds of abandoned real estate projects in Hanoi to be inspected
Hundreds of abandoned real estate projects in Hanoi to be inspected
BUSINESSicon  16/09/2020 

The Prime Minister has assigned the Ministry of Natural Resources and Environment and Hanoi authorities to check reports in local newspapers about 300 pending or abandoned real estate projects in the city.

VN to be only country in region to attain positive growth in 2020: report
VN to be only country in region to attain positive growth in 2020: report
BUSINESSicon  15/09/2020 

Vietnam is expected to be the only Southeast Asian economy to achieve growth this year, with its GDP rising by a likely 2.3 per cent.

Vietnam ranked world’s second M&A attractive market: Euromonitor
Vietnam ranked world’s second M&A attractive market: Euromonitor
BUSINESSicon  15/09/2020 

The country is set to score 102 and 94.6 out of the maximum of 250 in 2020 and 2021, staying behind only the US with its respective scores of 108.9 and 112.5.

VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 15
VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 15
BUSINESSicon  15/09/2020 

 Shrimp, tuna exports to EU see positive signs

The trio of ‘petrol tycoons’ in prison
The trio of ‘petrol tycoons’ in prison
BUSINESSicon  15/09/2020 

They are ‘Phat Oil’ in Hai Phong, ‘Son Iron’ in Thanh Hoa, and Trinh Suong in Soc Trang.

Vietnam’s breeding farms: pigs eat ginseng, buffaloes drink wine
Vietnam’s breeding farms: pigs eat ginseng, buffaloes drink wine
BUSINESSicon  17/09/2020 

At some breeding farms in Vietnam, livestock is raised in a special way: eels are bred in plastic cans, pigs eat ginseng and listen to music, and buffaloes drink wine every morning.

Stagnated construction leads to large steel inventories
Stagnated construction leads to large steel inventories
BUSINESSicon  14/09/2020 

The COVID-19 pandemic has led to many construction and real estate projects being delayed, resulting in large inventories of construction materials, especially steel.

Origin fraud threatens local exporters
Origin fraud threatens local exporters
BUSINESSicon  15/09/2020 

After a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations.

Registration fee cut does little to revive VN auto market
Registration fee cut does little to revive VN auto market
BUSINESSicon  14/09/2020 

In June Prime Minister Nguyen Xuan Phuc issued a decree cutting registration fees for domestically manufactured cars and other vehicles by half for the rest of the year.

Hanoi considers allowing overnight services to boost night-time economy
Hanoi considers allowing overnight services to boost night-time economy
BUSINESSicon  14/09/2020 

Authorities in Hanoi are seeking feedback for a pilot scheme to allow recreational establishments in Hoan Kiem area to stay open past midnight.

Chubb Life Vietnam honored 'Top Insurance Workplaces 2020'
Chubb Life Vietnam honored 'Top Insurance Workplaces 2020'
BUSINESSicon  14/09/2020 

Insurance Business Asia, a world-renowned insurance publication, has just named Chubb Life Insurance Vietnam Company Limited (Chubb Life Vietnam) among the “Top Insurance Workplaces 2020” in Asia.

 
 
 
Leave your comment on an article

OR QUICK LOGIN