Husbandry: Vietnam’s new billion-dollar strength

The Covid-19 pandemic has caused global trade bottlenecks and disruptions, but livestock exports are still growing strongly. With export turnover of $1.23 billion in 2020, livestock is the new export strength of Vietnam.

The latest report of the Department of Livestock Production (Ministry of Agriculture and Rural Development) shows that in 2020, despite being affected by the Covid-19 epidemic, African swine fever and natural disasters, the livestock industry still maintained growth.

Specifically, meat production increased by 4.8%; fresh milk production 1.09 million tons, up 10.2%; and buffalo meat production 1.6%, compared to 2019.

The total poultry herd was about 510 million heads, while the poultry meat production was over 1.42 million tons, up about 9.2%; and eggs 14.5 billion, an increase of about 9.5% compared to 2019. The pig herd in 2020 also recovered, pushing live pork production to 3.46 million tons, up 3.9% compared to 2019.

The report also said that in 2020, livestock products not only met domestic consumption but also served export. The export value of livestock products reached about $1.23 billion, double that of 2015 (about $620 million). This was also the first year that the livestock industry achieved an export value of over $1 billion.

Vượt ách tắc và đứt gãy, Việt Nam dựng thêm thế mạnh tỷ USD mới

Vietnam's livestock exports grow strongly in 2020. (photo: BH)

According to the Department of Livestock Production, to develop sustainably in the coming time, it is necessary to encourage investment in livestock based on the value chain, with national identifiers and product traceability; build large-scale livestock complexes, and apply high technology with enterprises playing the center role in linking production and consumption.

Enterprises that are considered as the core in value chains need to innovate the form of production and business organization, clearly identify the needs of the market, promote linkages with farmers, apply scientific advances and technology in production, using technology in traceability, standards like VietGap, GlobalGap, and ASEAN GAHP to provide high quality products that meet requirements of markets, and create pork, meat and poultry eggs as national products and a trading floor for agricultural products.

 

Deputy Minister of Agriculture and Rural Development Phung Duc Tien earlier asked the Department of Livestock Production to adjust the scale of the poultry flocks to be suitable for domestic and export demand, avoiding an imbalance of supply and demand.

Mr. Tien also proposed the establishment of a Steering Committee on digital transformation in the agricultural sector, a national database on livestock production, and IT solutions to ensure updating, management and exploitation of livestock data nationwide.

On the basis of aggregated data, it is possible to make realistic assessments and forecast production capacity and supply and demand of the livestock market to help regulate the production of businesses and breeders, Deputy Minister Tien said.

Chau Giang

Rising material and feed costs bridle husbandry companies

Rising material and feed costs bridle husbandry companies

Husbandry companies are being squeezed on two fronts, with prices for poultry and cattle stagnating and falling in some cases while animal feed material prices have been surging, pushing many to halt production or even declare bankruptcy.

As rivals face 'bad luck', VN seafood exports could rise to Russia, the US

As rivals face 'bad luck', VN seafood exports could rise to Russia, the US

While India and Thailand are facing difficulties, Vietnamese seafood has an opportunity to occupy major markets such as Russia and the US.  

 
 

Other News

.
Supermarkets report dramatic increase in online orders these days
Supermarkets report dramatic increase in online orders these days
BUSINESSicon  06/06/2021 

Some supermarkets and fast food stores in districts 12, Tan Binh, Hoc Mon yesterday announced a dramatic increase in online orders, up by 3-5 times compared to prior days.

New COVID-19 outbreak puts a halt to more domestic flights
New COVID-19 outbreak puts a halt to more domestic flights
BUSINESSicon  05/06/2021 

Given COVID-19 developments, the Ministry of Transport (MoT) has approved the suspension of passenger flights to Con Dao Island and those linking Quang Ninh and Gia Lai provinces with Ho Chi Minh City.

Made-in-Vietnam wooden products conquer US market
Made-in-Vietnam wooden products conquer US market
BUSINESSicon  05/06/2021 

Boasting huge production advantages and capitalising on good market opportunities, Vietnam’s furniture sector has stood firm amid COVID-19 and improved its position in the global market and especially in the US.

Hanoi wants to tax abandoned villas
Hanoi wants to tax abandoned villas
BUSINESSicon  04/06/2021 

Hanoi has proposed to the Ministry of Finance the imposition of a tax or fine on owners of half-finished and abandoned townhouses and villas which were causing considerable waste of land resources.

VN may have to reduce renewable power in the next five years: energy institute
VN may have to reduce renewable power in the next five years: energy institute
BUSINESSicon  04/06/2021 

It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy.

Vietnam Airlines to sell 11 aircraft
Vietnam Airlines to sell 11 aircraft
BUSINESSicon  04/06/2021 

The national flag carrier Vietnam Airlines has announced the plan to sell 11 A321ceo aircraft made in 2004, 2007 and 2008.

VIETNAM BUSINESS NEWS JUNE 5
VIETNAM BUSINESS NEWS JUNE 5
BUSINESSicon  05/06/2021 

Demand for deposits soar as cashless payments become more popular

Covid-19 pandemic helps clean up condotel market in Vietnam
Covid-19 pandemic helps clean up condotel market in Vietnam
BUSINESSicon  04/06/2021 

Severe economic impacts as a result of the pandemic have put more stress on the local condotel market.

IPs set up, but Vietnam still needs to do more to attract investors
IPs set up, but Vietnam still needs to do more to attract investors
BUSINESSicon  03/06/2021 

There were positive developments of industrial parks in Vietnam in the first five months of the year, but experts still say the country should do more to attract big investors.

CPI growth in Jan-May lowest in five years
CPI growth in Jan-May lowest in five years
BUSINESSicon  03/06/2021 

The country’s consumer price index (CPI) in the first five months of the year grew 1.29% year-on-year, the lowest for the period since 2016, according to the General Statistics Office.

New policies needed to boost Vietnamese private sector
New policies needed to boost Vietnamese private sector
FEATUREicon  06/06/2021 

While foreign-invested enterprises (FIEs) have been growing and prospering, Vietnamese enterprises have been developing inadequately because they lack favorable conditions to thrive.

Deposit interest rates rising despite pandemic
Deposit interest rates rising despite pandemic
FEATUREicon  05/06/2021 

After many months of staying at low levels, deposit interest rates at banks have increased since late May.

Ministry of Finance proposes keeping fee reductions until end of 2021
Ministry of Finance proposes keeping fee reductions until end of 2021
BUSINESSicon  03/06/2021 

The Ministry of Finance has proposed extending the reduction periods of several fees beyond the current expiration date of June 30.

Nearly 60,000 businesses withdraw from market
Nearly 60,000 businesses withdraw from market
BUSINESSicon  03/06/2021 

The number of newly established enterprises is still increasing, but the rate of businesses withdrawing from the market has also risen.

LG pulls out of smartphone production in Vietnam from today
LG pulls out of smartphone production in Vietnam from today
BUSINESSicon  02/06/2021 

Today, June 1, is the last day that South Korean conglomerate LG produces smartphones in Vietnam before it focuses on making home appliances only.

VIETNAM BUSINESS NEWS JUNE 3
VIETNAM BUSINESS NEWS JUNE 3
BUSINESSicon  03/06/2021 

 Stock market hits historic peaks

Investment into local start-ups expected to rise this year
Investment into local start-ups expected to rise this year
BUSINESSicon  01/06/2021 

The investment capital into Vietnamese start-ups this year would see a breakthrough despite a year-on-year decrease of 48 per cent in 2020 to reach US$451 million.

Businesses seek sources to buy vaccines for their workers
Businesses seek sources to buy vaccines for their workers
FEATUREicon  02/06/2021 

The electronics, textile and garment, footwear, wooden furniture and dairy sectors have proposed that the Government allow them to seek vaccine sources and pay for vaccinations at their enterprises so they can maintain production.

Vaccines yet to come, but biotech share prices escalate
Vaccines yet to come, but biotech share prices escalate
BUSINESSicon  02/06/2021 

Biotech shares, especially the shares of vaccine producers, are being sought by investors.

Selling farm produce online: e-commerce sites compete to attract farmers
Selling farm produce online: e-commerce sites compete to attract farmers
BUSINESSicon  02/06/2021 

For years, farmers had to rely on the wholesale distribution method and could not sell products directly to consumers. But that has changed in recent years.

 
 
 
Leave your comment on an article

OR QUICK LOGIN