Imported beef grabs 70 percent of market share

Vietnam imported 70 percent of its beef this year, with domestic beef accounting for only 30 percent of the market.
Imported beef grabs 70 percent of market share ảnh 1Illustrative image (Source: VNA)

HCMCity (VNS/VNA)
– Vietnam imported 70 percent of its beef thisyear, with domestic beef accounting for only 30 percent of the market.

TongXuan Chinh, deputy head of the Animal Husbandry Department under the Ministryof Agriculture and Rural Development, said that Vietnam imported 517,904buffalos and cows for meat slaughtering (91.5 percent of which were cows)in the first 11 months of this year, worth more than 556 million USD.

Inthe same period, the country spent more than 295 million USD for 80,124tonnes of frozen beef and buffalo meat.

Forthe chilled meat segment, the import volume was limited. More than1,546 tonnes of chilled meat were imported from 10 countries in the first11 months of the year, worth 15.7 million USD.  

Accordingto the Organisation for Economic Cooperation and Development (OECD) and theFood and Agriculture Organization of the United Nations (FAO), beef consumptionin Vietnam in the 2017-2019 period averaged 9.2 kilos per person per year.

However,domestic beef production met only 30 percent of demand.

In2020, Vietnam had 6.24 million cows, equivalent to 372,500 tonnes ofmeat, a year-on-year increase of 4.8 percent, Chinh said.

Thanksto new technologies and support from the government, the industry is setto achieve an output of 600,000 tonnes of cattle meat, mainly beef, by 2030.

Thecountry also has many cattle farms, with a capacity of up to thousands ofheads, located in Hanoi, Hoa Binh, Ha Tinh, Gia Lai, Dong Nai, and Tay Ninh.

Toensure animal welfare, Vietnamese firms fatten imported Australian cows andsell to domestic slaughterhouses in line with the exporter supply chainassurance system (EVAS).

Fiftybusinesses and 90 slaughterhouses in Vietnam have been certified by theAustralian Department of Agriculture and Water Resources./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.