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Vietnam Targets $1.5 Billion in Livestock Exports

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Vietnam Targets $1.5 Billion in Livestock Exports

by Geraldine S.
08/19/2024
in Importing & Exporting

Vietnam is on track to reach its goal of $1.5 billion in livestock exports, with the first half of the year seeing exports hit $240 million, a 3.8% increase compared to last year, according to the Ministry of Agriculture and Rural Development. Processed meat products lead the way, followed by fresh, chilled, and frozen pork. Vietnam’s processed chicken meat has successfully entered markets such as Japan, Hong Kong (China), several countries within the Eurasian Economic Union, and Mongolia.

The country has also secured significant export licenses for dairy and bird’s nest products to China. The Department of Animal Health (DAH) is actively working to expand market access for these and other livestock products, engaging in negotiations with countries including the Republic of Korea, Singapore, the EU, the UK, and the Middle East. DAH Director Nguyen Van Long mentioned that discussions are ongoing with the Republic of Korea’s Ministry of Food and Drug Safety to finalize food safety conditions for poultry products.

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Key industry players like Masan, C.P. Vietnam, Koyu & Unitek, Japfa, De Heus, and GreenFeed are investing in disease-free zones and advanced processing facilities. Deputy Minister of Agriculture and Rural Development Phung Duc Tien emphasized the importance of developing the livestock sector in a comprehensive, efficient, and sustainable manner. This includes adapting to climate change through industrialization and modernization, integrating value chains, and applying circular economy principles to enhance added value, biosecurity, disease control, and food safety.

Tien also highlighted the importance of diversifying export markets and exploring new opportunities, such as the Halal market, to boost overall exports and specifically increase the export of livestock products.

Explore the newest supply chain news at The Supply Chain Report. Visit ADAMftd.com for free international trade tools.

#SupplyChainNews #SupplyChainNews #LivestockExports #VietnamAgriculture #MarketExpansion

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