Vietnam will build areas for producing animal feed ingredients with the aim to reduce reliance on imports, said Director of the Ministry of Agriculture and Rural Development’s Livestock Production Department Duong Tat Thang.
According to experts, farmers have been facing many risks because they have to depend a lot on imported raw materials, leading to continuously rising prices and costs.
The Vietnam-US supply chain needs to be consolidated to improve its resilience and to maximise profitability for “links” in the chain, said experts at the Vietnam-US Trade Forum themed “Changes – Challenges – Adaptation”.
The swine industry in the Southeast region accounts for 20 percent of the total pig herd of the country, with more than 5.3 million pigs, of which Dong Nai alone has more than 2.5 million. The impact of the Covid-19 pandemic, the dramatical decrease in pig price and the increase in animal feed price have sent household farmers into difficulties.
Vietnam’s Premier International Feed, Livestock & Meat Industry Show (VietStock) Expo & Forum will take place at the Saigon Exhibition and Convention Centre (SECC) in downtown Ho Chi Minh City from October 12-14.
After a gloomy period due to the impact of the Covid-19 pandemic in Ho Chi Minh City, the purchasing power in the city has lately rebounded, leading to the strong recovery of the retail industry. In the first four months of this year, the total retail sales of goods and services reached VND1,777.4 trillion (US$76.76 billion), up 6.5 percent over the same period last year.
The Ministry of Agriculture and Rural Development (MARD), on March 18, in Hanoi, held a conference to discuss solutions to promote the development of pig farming and strengthen the management of production and trading of animal feed in Vietnam.
In the long term, the Chairman of the Vietnam Poultry Association said that it is necessary to consider soon reducing dependence on the import market by actively producing and supplying raw materials for animal feed domestically.
