Việt Nam aims for US$1.5 billion target from livestock exports

August 20, 2024 - 11:10

Việt Nam is ramping up efforts to increase its livestock product exports, targeting a value of US$1-1.5 billion by 2025.

At a chilled pork processing line in Hà Nam Province. — VNA/VNS Photo

HÀ NỘI — Việt Nam is ramping up efforts to increase its livestock product exports, targeting a value of US$1-1.5 billion by 2025.

With a robust start to the year, exports hit $240 million in the first half, marking a 3.8 per cent annual increase, as reported by the Ministry of Agriculture and Rural Development. Processed meat products are leading the pack, with fresh, chilled, and frozen pork following closely behind.

Việt Nam's processed chicken meat has already made inroads into Japan, Hong Kong (China), five countries within the Eurasian Economic Union, and Mongolia.

The country has secured significant wins, including export licenses for dairy and bird's nest products to China. Now, the Department of Animal Health (DAH) is actively pursuing expanded market access for these and other livestock products, and engaging in negotiations with the Republic of Korea, Singapore, the EU, the UK and the Middle East.

DAH Director Nguyễn Văn Long revealed ongoing talks with the Republic of Korea's Ministry of Food and Drug Safety to finalise food safety conditions for poultry products.

Major industry players like Masan, C.P. Việt Nam, Koyu & Unitek, Japfa, De Heus, and GreenFeed are also investing heavily in disease-free zones and state-of-the-art processing facilities.

Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến said the agriculture sector aims for comprehensive, efficient, and sustainable livestock development that adapts to climate change through industrialisation and modernisation. This approach focuses on integrating value chains, circular economy principles to enhance added value and ensure biosecurity, disease control, and food safety.

Diversifying export markets and tapping into new opportunities, such as the Halal market, is crucial for boosting overall exports and specifically enhancing the export of livestock products, Tiến added. — VNS

Border provinces to crack down on illegal livestock trade

These violations have had negative impacts on livestock growth and disease control in local animal husbandry.

Society

Việt Nam's livestock association wants to delay greenhouse gas inventory at least until 2027

The association argues that except for farms run by companies and corporations with well-managed, technically competent staff who can implement inventory techniques and strictly apply greenhouse gas emission reduction procedures, most domestic livestock farms will not be able meet these requirements.

Economy

Large livestock businesses are likely to benefit from new regulations

The 2020 Law on Livestock has an article effective from January 2025 on prohibiting to conduct livestock production in areas not allowed for livestock production in cities, towns and living quarters, except raising ornamental animals and raising animals in the laboratory without polluting the environment.

Economy

Việt Nam has potential to promote livestock product exports to China

Việt Nam expects livestock products to join the list of products gaining billion dollar export value, if Việt Nam can sign the protocol on poultry meat export with China, and continue to negotiate the protocol on pork export to this market, Nam said.

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

Smuggled sugar and imported corn syrup threaten domestic sugar industry

According to VSSA, the total sugar supply reached nearly 1.34 million tonnes in the past seven months, higher than 1.3 million for the whole year of 2023.

Economy

Việt Nam establishes a healthy competitive environment

Trade remedies help re-establish a healthy and fair competitive environment; prevent dumping and sales of subsidised goods into Việt Nam by exporting countries.

Economy

Banks to shift to retail lending to gain credit growth

Banks could increase the credit ratio of individual customers in the third and fourth quarters of 2024, as the risk of lending to the individual customer group is decreasing.

Economy

Sea freight rates cool, port volumes break records

In the first seven months of 2024, the volume of goods passing through Vietnamese seaports is estimated at 501.117 million tonnes, up 16 per cent over the same period in 2023.

Economy

Paving new path for state-owned enterprises' growth

The Ministry of Finance (MoF) is gathering feedback on the draft Law on State Capital Management and Investment in Enterprises through recent workshops and discussions.

Economy

Market soars above 1,260 points

Building on the strong momentum from last week's closing session, the market started the new week on a positive note, despite a notable drop in liquidity.

Economy

Crocodile meat, frozen durian and fresh coconuts cleared for export to China

The signing of these protocols marks a pivotal advancement in the agricultural trade ties between the two countries, with profound implications for Việt Nam’s agricultural sector.

Economy

Việt Nam to develop regulations on criteria for 'Made-in-Việt Nam' products

For domestically produced goods, including those manufactured from imported raw materials or ingredients, there have been no regulations to determine whether items are 'products of Việt Nam' or 'Made in Việt Nam'.

Economy

Cà Mau rice-shrimp cultivation model receives first BAP certification

The rice-shrimp cultivation area in Thới Bình District, Cà Mau Province, has earned the Best Aquaculture Practices (BAP) certification from the Global Aquaculture Alliance (GAA), making it the first aquatic farming establishment in Việt Nam to receive this honour.