return icon

Deputy Minister: pork prices in Vietnam may stabilise by year end

The domestic pork prices could be stabilised by this year end, Deputy Minister of Industry and Trade Do Thang Hai said at a Government meeting on Tuesday in Hanoi.

The pork price increase has been due to the high pork demand in the domestic market. — Photo

The higher pork prices at present have affected the national consumer price index (CPI) and economic balance. This has also created more difficulties for people amid the COVID-19 pandemic.

The pork price increase has been due to the high pork demand in the domestic market while the local pork supply has fallen due to African swine fever, he said. Even if this disease ends, farmers could not promote production of pigs because of the fear that the disease returns.

Pig herds at large production enterprises have accounted for 35 per cent of the national pig herds and the rest is concentrated in small farming-households, he said.

There are two solutions to ensure balance between supply and demand as well as reduce pork prices, including re-production of pig herds and pork imports, Hai said. By year end, the local pork supply could reach the level it was before African swine fever.

For pork imports, the Government has requested the Ministry of Agriculture and Rural Development (MARD) to coordinate with ministries and sectors, such as ministries of Industry and Trade, and Planning and Investment, to import pork for domestic consumption. 

The Government has created favourable conditions in import procedures for meat importing enterprises, according to Hai.

Those solutions are expected to reduce pork prices at this year end, he said.

Deputy Minister of Planning and Investment Tran Quoc Phuong said the Ministry of Planning and Investment has worked with enterprises to import pork for domestic consumption but people do not have high demand for those products. Therefore, the enterprises have not dared increase pork imports.

According to MARD, the growth rate of pig re-production in the first quarter reached 6.3 per cent. Of which, 15 large pig production enterprises in the country had growth rate reaching up to 17 per cent.

The ministry reported that from the beginning of this year to April 13, Vietnam imported more than 46,402 tonnes of pork, an increase of 300 per cent year on year. Of which, the pork imports from Canada accounted for 25 per cent; Germany, over 19 per cent; Poland, 14 per cent; Brazil, 9.5 per cent; the US, 8.4 per cent; Spain, 6.7 per cent; and Russia, 4 per cent.  VNS

Pork price must be stabilised: Trade Ministry

Pork price must be stabilised: Trade Ministry

The Ministry of Industry and Trade (MoIT) has said pork must be eligible for price stabilisation due to the high demand for this essential good on the domestic market.


Vietnam imports 66,000 tonnes of meat in two months

Vietnam imports 66,000 tonnes of meat in two months

Vietnam imported nearly 66,000 tonnes of meat in the first two months of this year, according to the Ministry of Agriculture and Rural Development.  



Big supermarkets join Promotion Month 2022

Missosology picks locals contestant among Top 3 at Mister Grand International

Missosology, the world’s leading publication on beauty pageants, has named Vietnamese representative Vu Linh among its hot picks of the Top 3 currently participating in the Mister Grand International 2022 pageant.

HIV infections rise among people under 29

The number of young people catching HIV has seen an upward trend recently, with 50% of new cases being under the age of 29.

Three female scientists receive L’Oreal-UNESCO awards

Three female scientists were granted the 2022 L'Oreal-UNESCO awards at a ceremony in Hanoi on November 25.

Vietnam has two more named in Asia-Pacific documentary heritage list

Two heritage pieces of Vietnam were recognised as part of documentary heritage in Asia and the Pacific on November 26, at the 9th general meeting of the Memory of the World Committee for Asia and the Pacific.


NA Chairman Hue to visit Australia, New Zealand

Big firms absent from 'good governance' list

The list of companies recognized as having the best transparency and governance on the Hanoi Stock Exchange (HNX) doesn’t include many well-known names.

People must live in rooms of at least 8sq.m to register for permanent residence

The Hanoi People’s Council plans to require at least 8 sq m of living space in state-owned properties and 20 sq m in non-state owned properties for registered permanent residence.

80% of wind power projects operate at moderate level as tariff is unclear

Many wind power projects in Quang Tri are behind schedule because of unfavorable weather conditions, the impact of the Covid-19 pandemic, slow site clearance and an unclear tariff scheme.

Headmaster honored by Microsoft for last three years

Nguyen Thi Kim Dung, headmaster of Dong La Secondary School in Hoai Duc district in Hanoi has been honored as Microsoft Innovative Educator Expert - MIEE for three consecutive years.

High fertiliser prices and rising export demand help businesses earn more profits

A promising export market contributed positively to the sharp increase in profits of many fertiliser and chemical enterprises.

Short-lived legal documents cause a hindrance to firms

Many legal documents in Vietnam have been made in such a way that creates a great compliance burden on firms, according to insiders.

Energy demand to outpace supply in short term

Electricity demand has been growing steadily since 2021 and is expected to surpass domestic output in the short term.

Vietnam’s further evolving regulations and policies on energy

The last several months have been dynamic for the energy sector in Vietnam, with a number of key developments.

Digital platforms brought into life

Digital transformation is an inevitable trend today in the world and Vietnam with three main pillars: digital government, digital economy, and digital society.