return icon Vietnamnet.vn

Vietnam to imports 100,000 tons of pork in Q1 to offset shortage

Vietnam would import 100,000 tons of pork in the first quarter this year to stabilize the domestic market and lower pork prices, which have surged since the outbreak of African swine fever.

 

 

 

Statistics from the Ministry of Agriculture and Rural Development (MARD) suggested the fever led to a decline of 14% of pork supply compared to 2018.

As of December 2019, the nation’s hog herd shrank by 25.5% year-on-year, causing pork output to fall 13.8% year-on-year to 3.29 million tons.

Under such a circumstance, the Export – Import Department under the MoIT has been working with traders to import pork from countries such as the US, France and Belgium.

The US Department of Agriculture forecast the world’s pork supply in 2020 to decline by 10% due to the fever. Pork production in China would decrease 25%, 16% in the Philippines, and 6% in Vietnam .

The MoIT said it is closely working with the MARD in ensuring the demand-supply balance of pork in the domestic market, while supervising the quality of imported pork.

Over the past few days, prices of live hogs in Vietnam’s south-western region fell by VND20,000 (US$0.86) compared to the end of 2019 to below VND80,000 (US$3.44) per kilogram. In the northern region, the price has declined by VND10,000 (US$0.43) to below VND90,000 (US$3.87) per kilogram.

Deputy Prime Minister Vuong Dinh Hue said in a government meeting last December that pressure from high pork prices may push inflation to over 4% in the first quarter of 2020.

Meanwhile, Prime Minister Nguyen Xuan Phuc said with the remaining of 25 million pigs after the African swine fever, Vietnam has sufficient pork supply for the domestic market. hanoitimes

Hai Yen

Plenty of pork for Tet: top agriculture official

Plenty of pork for Tet: top agriculture official

Nguyen Xuan Cuong, Minister of Agriculture and Rural Areas talks on his resolve to support pig farmers following the African swine fever crisis.

Over 50 foreign enterprises keen to export pork to Vietnam

Over 50 foreign enterprises keen to export pork to Vietnam

In addition to businesses that have already established inroads in the country, over 50 foreign enterprises have expressed an interest in exporting pork products to Vietnam, according to the Ministry of Industry and Trade.

MORE NEWS

Vietnam to develop game industry: official

The Ministry of Information and Communications (MIC) is developing a strategy with specific goals and norms to develop the game industry, said Le Quang Tu Do, deputy director of the Authority of Broadcasting, Television and Electronic Information.

Five Vietnamese skaters to compete at int'l figure skating competition

Five Vietnamese skaters will compete at the 2022 International Skating Union (ISU) Junior Grand Prix of Figure Skating which will take place in the Czech Republic from August 31- September 3, and in Italy from October 12-15.

Vietnam stays ready for trade talks with US to address arising problems

Vietnam is willing to hold trade talks with the United States to timely solve arising problems and strengthen bilateral economic, trade and investment relations, in the interest of businesses and people of the two countries.

First-ever Namaste Vietnam Festival to take place in HCM City

Ho Chi Minh City is set to host the first-ever “Namaste Vietnam Festival" from August 12 to September 12 to mark 75 years of Indian Independence and 50 years of Vietnam – India diplomacy this year.

Vietnam, UN sign strategic framework for sustainable development cooperation

A Strategic Framework for Sustainable Development Cooperation (CF) between the Government of Vietnam and all UN resident and non-resident agencies in Vietnam for the 2022-2026 period was signed in Hanoi on August 11.

Vietnam promotes relations with both US and China, FM spokesperson

Vietnam wants to promote relations with both the United States and China, and expects both sides will exercise restraint for global peace, Foreign Ministry spokesperson Le Thi Thu Hang said at a regular press briefing on August 11.

Vietnam – new stop for semiconductor producers

Samsung Electronics’ plan to manufacture semiconductor products in Vietnam has sparked the hope that the Southeast Asian nation will be a new stop for the semiconductor industry.

Blockchain projects preferring long-term partnerships

With the blockchain market showing signs of recovery and the amount of capital increasing sharply in recent weeks globally, investors are now more confident in seeking out stronger connections to move forward.

Tourism Minister proposes extending for implementation of preferential policies

The Minister of Culture, Sports and Tourism suggested extending the implementation of support policies until 2023 to help tourism businesses overcome difficulties caused by the pandemic as travel businesses are still facing difficulties.

Quang Ninh to develop big-ticket tourism project

The government of Quang Ninh Province is set to develop a luxury tourism project at a total cost of over VND24.8 trillion, or US$1 billion, in Van Don District.

Vu Lan Festival: A cultural activity with Buddhist philosophy in Vietnam

The festival is an opportunity to remember the merits of parents and ancestors.

Minister of Public Security supports legal betting to fight illicit online gambling

Minister of Public Security To Lam says that the government’s decree on betting is expected to help reduce illegal online betting.

VIETNAM NEWS HEADLINES AUGUST 11

NA Standing Committee adopts resolutions on establishment of administrative units

Retail oil and petrol prices fall for fifth consecutive time

Vietnam decided on Thursday to further lower retail prices of oil and petrol on Thursday, the fifth consecutive time since late June.

Vietnamese Gov’t issues national strategy to combat new cyber security challenges

Deputy Prime Minister Vu Duc Dam has ratified the national cyber security strategy in response to cyberspace challenges till 2025 with a vision towards 2030.
back_to_top