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Update news vietnam's livestock industry
While small-scale farmers are struggling with the African Swine Fever (ASF) outbreak and have had to cull over 1 million pigs, several major livestock companies are reporting massive profits exceeding VND1 trillion.
Vietnam spent nearly 2.6 billion USD on livestock imports in the first seven months of this year, up almost 23% compared to the same period in 2024.
Dairy herd growth has stalled, with traditional hubs like Ho Chi Minh City and Moc Chau suffering steep declines.
Deputy Minister of Agriculture and Environment Phung Duc Tien has submitted a proposal to the Prime Minister seeking approval to implement a multi-storey pig farming model in Vietnam.
With pork prices high, Vietnamese producers like BaF and Dabaco are scaling up against foreign rivals.
The Vietnam Poultry Association urges action as false egg rumors devastate farmers.
Vietnamese firms scale up production and M&A to claim more of the $33 billion market.
Rising pork prices in Q1 2025 have brought impressive profits to Vietnam’s leading livestock companies, including BAF, Dabaco, and Hoang Anh Gia Lai.
Animal feed businesses have raised urgent concerns with the government, citing issues with soybean meal import tariffs that have nullified recent tax incentives.
Vietnam’s major pork producers are increasing prices ahead of Tet, despite a year of high profitability driven by reduced feed costs and elevated pork prices.
Though pig and cow husbandry generates 18.5 million tons of CO2e each year, the deputy chair of the Vietnam Farm and Agribusiness Association Nguyen Duc Trong has continued to ask for delays in greenhouse gas emission inventory.
The recent Vietstock and Aquaculture Vietnam 2024 exhibitions, held at the Saigon Exhibition and Convention Center (SECC) in HCM City, saw record-breaking attendance, attracting 13,624 industry professionals over three days.
Vietnam is ramping up efforts to increase its livestock product exports, targeting a value of 1-1.5 billion USD by 2025.
In a significant turn of events for 2023, Vietnam's lucrative livestock industry, worth an estimated $33 billion, has seen a dominant takeover by foreign corporations.
In Vietnam, there are about 28-29 million pigs, 2.3 million buffaloes, 6.7 million cows (including dairy cows), and 2.9 million goats and sheep. Livestock is the second largest greenhouse gas emission sector in agriculture.
These violations have had negative impacts on livestock growth and disease control in local animal husbandry.
According to recent statistics, local live hog prices rose about 30 per cent since the start of 2024.
The Animal Husbandry Association of Vietnam (AHAV) has stated that this is not the appropriate time for the livestock industry and facilities to be subject to greenhouse gas stipulations.
Vietnam expects its agricultural export value to China to increase sharply this year, as China agrees to review regulations permitting official exports of poultry meat from Vietnam to this market.
About 6,000-7,000 pigs are being transported across the border daily, threatening domestic farmers' livelihoods.