Can the prices of pork destabilize the monetary policy formulated by the central bank in Vietnam?

HCMC needs a pork and pig exchange floor where safe pork can be traded and the prices of pork and live pigs can be stabilized, benefiting both customers and pork suppliers and traders.

The Ministry of Industry and Trade over the past few months has proposed solutions to the prime minister to stabilize the local market in the lead up to the upcoming Tet holiday early next year.

As of June 24 ASF had broken out in 60 of the country’s 63 provinces and cities, and more than 2.6 million pigs had to be culled, severely affecting the pork demand-supply balance.

Vietnam has increased pork imports in the last six months amid the African swine fever epidemic. However, the quality of imports is questionable as Vietnam’s agencies are still weak at quarantine work.

VietNamNet Bridge - Valued at $18 billion, Vietnam is among the world’s 10 biggest pork producers and consumers.