Currently, the total of cattle in Vietnam was 5.1 billion cows and 200,000 hectares land for beef cattle farming. The beef production does not meet the demand of domestic consumption. Each year, Vietnam import about 180,000 cows and 600,000 tonnes of meat, a value at USD 120 million from Thailand, Laos and Australia.
Although the meat products imported taxable quite high, but the price of import meat was still lower than the same products in domestic, such as the price of import chicken was VND 22,000-25,000 per kg while the cost of production in Vietnam was VND 28,000-30,000 per kilogram.
According to the president of Vietnam Livestock Husbandry, Mr. Nguyen Dang Vang said, Vietnam will participated Agreement Trans-Pacific Partnership in 2015, theretofore, the import duties will be 0%, Vietnam livestock industry will be faced with many challenges in competition with imported products.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China livestock industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email michael@boddingtonconsulting.com
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