return icon

Import tariff cut, VN farmers suffer heavily

Vietnamese farmers, who incurred big losses because of African Swine Fever (ASF), may see the situation become even worse because of the import tariff cut.

Incurring a loss of VND1 billion from pigs being culled during the ASF epidemic, Nguyen Van Dang, a farmer in Trang Bom district of Dong Nai province, shifted to breed fowls. With the current price of VND50,000 per kilogram, he can expect the profit of VND20 million for a group of 2,000 fowls.




“Most local farmers dare not breed pigs anymore. If the chicken price also decreases, we will continue to suffer. Only merchants and animal feed producers can make profit,” he said.

Though the planned tariff cuts are not high, if Vietnam imports meat in large quantity, the chicken price in the domestic market will go down, which will once again push farmers against the wall.

The Ministry of Finance (MOF) has proposed cutting the import tariffs on piece chicken and by-products from 20 percent currently to 18 percent. Besides, the tariff on fresh and frozen pork may be slashed from 25 percent to 22 percent.

Consumers will benefit from the tariff cuts. However, farmers like Dang will not. Dang is worried stiff that he would have to sell the fowls he is breeding at low prices as cheap imports would flood the market.

Vietnamese farmers, who incurred big losses because of African Swine Fever (ASF), may see the situation become even worse because of the import tariff cut.

MOF also predicted that the meat price in the domestic market would fall and the tariff cuts would lead to an increase in imports, not only from the US, but also from other markets.

Pham Van Don, a farmer in Quang Trung commune of Thong Nhat district, Dong Nai province, said the pork production cost in the US and other countries is lower than Vietnam. Therefore, foreign meat would flood the domestic market if Vietnam eases the tariff.

According to Nguyen Kim Doan, deputy chair of the Dong Nai provincial Livestock Association, in 2016-2017, the domestic livestock industry met difficulties because of epidemics and price falls. And now the tariff cut will deal another blow on farmers.

Le Thanh Nam from CEVA Sante Animale Vietnam also said that the tariff reduction will cause another strike on the domestic livestock industry and Vietnamese farmers won’t be able to compete with imports.

The live pork price has been escalating over the last few months. In Dong Nai, the live pork price has reached VND88,000 per kilogram. Meanwhile, the import pork price is just hovering around VND50,000 per kilogram.

As for chicken price, while the imports are just VND19,000 per kilogram, the domestic products are at VND23,000 per kilogram. Once the tariff is cut, the price gap between the imports and domestically bred products would be even higher.

Mai Lan 

Finance ministry proposes cutting import taxes on chicken, pork

Finance ministry proposes cutting import taxes on chicken, pork

The Ministry of Finance has recently sent Dispatch No.14813/BTC-CST to competent ministries and sectors, suggesting cutting import on chicken and pork products.

Official warns of illegal pork imports from Cambodia, Thailand

Official warns of illegal pork imports from Cambodia, Thailand

Deputy Minister of Industry and Trade Do Thang Hai has warned localities of illegal pig and pork imports from Cambodia and Thailand.  


French Development Agency pledges more support for projects in Vietnam

The French Development Agency (AFD) will increase its support and donations for projects funded by French non-governmental organisations and associations in Vietnam.

Vietnam seeks stronger education partnership with US

Minister of Education Nguyen Kim Son on September 25 concluded his US working trip that aimed to strengthen education partnership between the two countries.


Central localities likely to be hit by typhoon Noru

AI integration the inevitable path ahead

Big Data and AI will be the optimal tools to run factories in the future and digital transition will help firms optimise costs and cut emissions.

Ministry to scrutinise VietGap certifications after fake labels found on vegetables

The Ministry of Agriculture and Rural Development is investigating reports of vegetables sold in supermarkets being marked with fake Vietnamese Good Agricultural Practices (VietGap) labels.

E-commerce sector in dire need of qualified candidates

The tight supply of qualified candidates in the labour market is a glaring issue facing e-commerce firms, according to insiders.

Unique green moss-covered homes of the Tay Con Linh mountain range

It is an ideal environment for plants to flourish and thrive, including thick green moss, which ethnic people use to cover the palm-leaf roofs of their homes.

Farmers save wild birds and the environment

Farmers in different provinces throughout Việt Nam have for years spent time and effort to save wild birds, giving them a home to nest and lay eggs.

Deputy PM highlights significance of int'l solidarity, cooperation at UN session

The strengthening of international solidarity and cooperation is key to addressing interlocking global challenges, affirmed Permanent Deputy PM Pham Binh Minh while addressing the general debate of the 77th Session of the UN General Assembly.

Huge potential for luxury real estate in Vietnam

The branded residence market is gaining a stronger foothold in the Vietnamese market with potential to further develop, shaping the lifestyle of the country’s elite, according to experts.


Action plan to promote green growth in agriculture

Vietnam’s economic growth counts on high-tech FDI

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

The “seven-star” islands in Quang Ninh

Along with crystal blue sea and beaches, the 7 Sao (seven star) islands also have caves and primeval forests.

Customs you only see in Vietnam

The travel site Culture Trip has listed a number of Vietnamese customs that often surprise foreign tourists:

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.