Want to be in the loop?
subscribe to
our notification
Business News
LIVESTOCK SECTOR AIMS FOR 5% GROWTH IN 2024
The Department of Livestock Production has set its sights on achieving a 4-5% increase in production value next year, contributing to around 28-30% of the nation’s overall agricultural output.
This target was discussed at a conference held in Hanoi on December 19. Deputy Minister of Agriculture and Rural Development Phung Duc Tien outlined specific objectives for various livestock products in 2024.
These include a 3.8% increase in the production of all types of fresh meat, amounting to 7.89 million tons, a 4.0% rise in pork production to reach 4.87 million tons, a 3.1% uptick in poultry meat output at 2.31 million tons, a 3.7% boost in egg production, totaling 19.68 billion eggs, and a 6.7% surge in milk production, reaching 1.28 million tons.
Tien emphasized the importance of collaborative efforts within the sector to attain these goals. The department will continue to implement industry restructuring in line with the 2021-2030 Livestock Development Strategy.
Despite facing challenges such as fluctuating feed prices, unstable livestock selling prices, and competitive pressures from imports, Vietnam’s livestock industry remains resilient. Effective disease control measures have been implemented, and while consumer demand has slightly decreased due to inflation, the sector has maintained stability.
Pham Kim Dang, deputy director of the department, said pig farming is showing positive results, but challenges persist, including low pork prices, high biosecurity costs, and fluctuating feed prices. Cattle farming remains stable, with minor fluctuations in herd sizes.
Data from the department showed that the national pig population is expected to increase by 4.2% to 30.3 million, while the cattle population may expand by 2.6% to 558.6 million. This year, overall meat production is anticipated to increase by 3.5%.
Nonetheless, challenges still exist within Vietnam’s livestock industry, encompassing issues related to product traceability, supply chain organization, and biosecurity. The sector is gearing up for future collaborations with veterinary agencies to tackle diseases and enhance global monitoring of feed prices, ensuring sustainable and high-quality livestock production.
In the upcoming months, the industry will focus on implementing disease prevention measures, particularly for foot-and-mouth disease, avian influenza, and contagious skin diseases in cattle.
Future strategies for Vietnam’s livestock sector involve enhancing monitoring channels for supply and global feed prices, mitigating the impact of high input material costs, and ensuring the quality of livestock feed.
Source: The Saigon Times
Related News
INVESTMENT OPPORTUNITIES IN CA MAU PROVINCE: 96 PROJECTS AND 20 STRATEGIC PROJECTS
We are pleased to share with you information on investment projects currently seeking investors in Ca Mau Province. Should your esteemed company or association be interested, we kindly invite you to review the project information and complete the registration form via the links provided. The Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) will consolidate the expressions of interest and facilitate connections with the leadership of Ca Mau Province at a meeting tentatively scheduled for 13 November 2026 in Ho Chi Minh City.
BẰNG KIỀU LIVESHOW - A SYMPHONY OF LOVE UNDER THE GOLDEN GLOW
A masterclass in live music that takes the audience on a soulful journey through immortal love songs, guided by the peerless artistry and emotive storytelling of renowned singer Bằng Kiều. The highlight of the night is his seamless musical chemistry with special guest Triệu Hồng Ngọc, promising passionate and deeply resonant duets inside the magnificent Grand Ballroom.
ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL
The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.
MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS
Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.
VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET
Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.
FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026
Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.






















