Vietnam meat market – Balance between meat imports and domestic products

Meat product imports into the Vietnamese market have long been common practice done in accordance with world regulations. However, imports could affect domestic prices and market stability if not taken under full control, said Hoàng Thanh Vân, Director of the Department of Livestock (DoL), Ministry of Agriculture and Rural Development (MARD) yesterday.

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Meat product imports into the Vietnamese market have long been common practice done in accordance with world regulations.

To gain better quality control over imported products and to stabilise the domestic market, relevant management agencies must improve the technical barriers imposed on meat products upon entering the Việt Nam, Vân said.
Simultaneously, the national meat and livestock industry must advance technologically to reduce costs and increase product quality.
Vân also noted that there are businesses in the South East region of Việt Nam currently producing livestock, meat and poultry products at relatively low prices.

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thanks to the use of vertical integration chain, the price has been reduced to VNĐ35,000 to VNĐ36,000 ($1.57 to $1.62) per kg.

In particular, white chicken is currently priced at VNĐ20,000 (US$0.9) per kg, but the DoL had been making efforts to reduce it to VNĐ19,000 ($0.85) per kg. This would make the Vietnamese price for chicken even with the US price. Việt Nam has a relative advantage in this area, and a lower price would mean better competitiveness on the world market. The domestic price of pork has been moving between VNĐ38,000 and VNĐ40,000 ($1.7 to $1.8) per kg. However, thanks to the use of vertical integration chain, the price has been reduced to VNĐ35,000 to VNĐ36,000 ($1.57 to $1.62) per kg.
In the near future, the DoL expects to construct better vertical chains in order to reduce pork price down to near VNĐ30,000 ($1.35) per kg. This shift would greatly benefit both Vietnamese farmers and consumers and allow domestic products to compete with imported ones.
By the end of 2016, total imported amount of chicken products in Việt Nam will amount to around 30,000 to 40,000 tonnes, imported beef 90,000 tonnes, imported pork 100,000 tonnes. Compared to the total domestic product of 6 to 7 million tonne, total imported value would not be considered significant. —VNS

[Source: http://vietnamnews.vn/]

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