Vietnam imports pigs from Thailand

Vietnam has imported 250 pigs from Thailand to breed and is encouraging businesses to import more to help restock herds across the country after the impacts of the African swine fever outbreak.

Viet Nam currently lacks pigs to breed after the impacts of African swine fever. Imports of pigs from Thailand will help restore stocks for the next few years. — Photo may3a.com

Deputy Minister of Agriculture and Rural Development Phung Duc Tien said this was the first shipment of 20,000 pigs to have been imported from Thailand this year. “These pigs should produce piglets at the end of this year.”

Tien said that domestic piglet prices were currently very high, from VND2.8 million to more than VND3 million each, however many localities had failed to meet farmers’ demands.

Pham Tran Sum, director of Viet Duc International Nutrition Company Limited, said the company faced many difficulties transporting pigs from Thailand due to the impacts of the COVID-19 pandemic. Shipments had to go through the borders of Thailand, Laos and Viet Nam.

 

“In each country, we must use our own vehicles to transport the pigs, causing transportation costs to rise up to VND2 million per pig,” Sum said.

The price of imported pigs is ranging from VND13-15 million.

Sum said his company planned to sell piglets for more than VND2 million each, marking a drop of about 30 per cent compared with the current piglet prices in the domestic market.

Deputy Minister Tien said businesses had registered to import more than 110,000 pigs to breed this year to ensure sufficient stocks from 2020-24. — VNS

 
 

Other News

.
When Apple comes to Vietnam and FDI flow starts moving
When Apple comes to Vietnam and FDI flow starts moving
FEATUREicon  18/05/2020 

Apple is making clearer signals in the production of components and products in Vietnam, opening up opportunities for Vietnam to participate more deeply in the global value chain.

Vietnam urged to readjust development strategy in post-pandemic period
Vietnam urged to readjust development strategy in post-pandemic period
BUSINESSicon  18/05/2020 

With a limited state budget, Vietnam should mobilize social resources to support startups and large-scale enterprises, those considered capable of driving the economy forward.

Vietnam economy accelerates to get back to normal state
Vietnam economy accelerates to get back to normal state
BUSINESSicon  18/05/2020 

With the resumption of key economic sectors' activities, such as manufacturing, services and retail, Vietnam’s economy is accelerating to get back to its normal state.

Vietnam remains among 4 most optimistic countries worldwide despite Covid-19
Vietnam remains among 4 most optimistic countries worldwide despite Covid-19
BUSINESSicon  18/05/2020 

Health continued to be No.1 concern among Vietnamese consumers, with the highest level globally.

Ministry to strictly manage rice exports via international border gates
Ministry to strictly manage rice exports via international border gates
BUSINESSicon  17/05/2020 

The Ministry of Industry and Trade (MoIT) will continue to strictly manage rice exports through international border gates, said an official.

Small businesses change business models to survive pandemic
Small businesses change business models to survive pandemic
BUSINESSicon  16/05/2020 

Seeking new markets, making new products and following new business thinking are actions now being taken by Vietnam’s businesses to overcome current difficulties.

Where will FDI head after leaving China?
Where will FDI head after leaving China?
BUSINESSicon  18/05/2020 

Foreign investors are considering relocating their production bases out of China, and many of them are heading for Vietnam.

In Vietnam, hotels are being sold as owners take losses amid Covid-19
In Vietnam, hotels are being sold as owners take losses amid Covid-19
BUSINESSicon  17/05/2020 

Many owners cannot maintain operation of their hotels during the epidemic and want to sell them.

More M&A deals in VN's real estate sector during COVID-19
More M&A deals in VN's real estate sector during COVID-19
BUSINESSicon  17/05/2020 

The epidemic has brought great opportunities to businesses with powerful financial capability to ‘hunt’ for attractive projects and take them over.

China changes policy, buys Vietnam’s rice
China changes policy, buys Vietnam’s rice
BUSINESSicon  19/05/2020 

Previously, China imported rice in small quantities from Vietnam, but the country has recently increased imports from Vietnam and accepted higher prices.

Foreign investors call for greater flexibility in Vietnam's upcoming PPP law
Foreign investors call for greater flexibility in Vietnam's upcoming PPP law
BUSINESSicon  16/05/2020 

A lack of a unified legal framework governing PPP is the main factor that Vietnam’s infrastructure sector growth potential is capped at 6.1% per year through 2029.

Protectionism no good for economies amid COVID-19: APEC expert
Protectionism no good for economies amid COVID-19: APEC expert
BUSINESSicon  16/05/2020 

Some developing countries in Asia, including Vietnam, could still grow amid the COVID-19 pandemic due to an increase in domestic demands when the manufacturing sector recovers.

Covid-19 highlights Vietnam’s omni channel shopping trend
Covid-19 highlights Vietnam’s omni channel shopping trend
BUSINESSicon  16/05/2020 

Local retailers in FMCG should rethink their channel strategy as Covid-19 impacted the way Vietnamese consumers shopping.

Maritime transport firms hit hard by coronavirus pandemic
Maritime transport firms hit hard by coronavirus pandemic
BUSINESSicon  15/05/2020 

Maritime transport firms in Vietnam are feeling the brunt of the novel coronavirus pandemic as a large number of their ships are idle due to the falling demand for cargo transport.

Multinationals riding high in Vietnam’s pharma landscape
Multinationals riding high in Vietnam’s pharma landscape
BUSINESSicon  15/05/2020 

Multinational corporations like Sanofi, GlaxoSmithKline, and Reckitt Benckiser gaining the advantage in Vietnam’s over-the-counter channel, or non-description drugs, in the first quarter of 2020 has in part fuelled their global performance.

A vaccine for real estate amid challenging times
A vaccine for real estate amid challenging times
BUSINESSicon  15/05/2020 

The Vietnamese real estate market has been feeling the pinch, but it can make a swift recovery when the pandemic is brought under control with support policies from the government and promotional campaigns from developers.

Vietnamese consumers among the most optimistic in Asia during COVID-19
Vietnamese consumers among the most optimistic in Asia during COVID-19
BUSINESSicon  15/05/2020 

Vietnamese consumers are some of the most optimistic in Asia during the COVID-19 pandemic, according to American management consulting firm McKinsey’s recent consumer survey.

Finance Ministry to loosen credit quota for securities
Finance Ministry to loosen credit quota for securities
BUSINESSicon  15/05/2020 

Ministry of Finance’s proposal to increase the quota for credit poured into the securities sector is largely backed by market experts.

Hotel market to recover next year
Hotel market to recover next year
BUSINESSicon  15/05/2020 

The hotel market in Viet Nam this year is expected to face a severe decline in room occupancy due to the COVID-19 pandemic and will not recover until next year, industry experts have said.

VN credit institutions recover nearly $1.2b of bad debts in Q1 2020
VN credit institutions recover nearly $1.2b of bad debts in Q1 2020
BUSINESSicon  15/05/2020 

Credit institutions in Viet Nam settled more than VND26.94 trillion (US$1.17 billion) of non-performing loans (NPLs) in the first quarter of this year.

 
 
 
Leave your comment on an article

OR QUICK LOGIN