Data from the General Statistics Office show that in the first 11 months of 2022, corn imports were more than 8.4 million tonnes, worth nearly 2.9 billion USD, up 8.5% over the same period last year. (Photo: VNA)Hanoi (VNA) – Vietnam Report Joint Stocks Company on December 14 announced the top 10 reputable animal feed companies in Vietnam in 2022.
They are the CPLivestock Joint Stock Company (CP Vietnam), De Heus Vietnam, CJ Vina Agri Co.,Ltd., Greenfeed Vietnam Corporation, Vietnam-France Animal Cattle Feed JointStock Company, Japfa Comfeed Vietnam Co., Ltd., Mavin Group, Dabaco Group,Sunjin Vina Co., Ltd., and Hong Ha Nutrition Joint Stock Company.
The companies areselected based on three major criteria of financial capacity, traditionalreputation, and results of a survey that the Vietnam Report conducted inOctober and November 2022.
Vu Dang Vinh, GeneralDirector of Vietnam Report, said that with abundant raw material sources,Vietnam has the potential to develop the animal feed industry.
According tostatistics, the total demand for refined feed for the whole livestock industryin Vietnam is about 33 million tonnes per year, while the domesticsupply is only about 13 million tonnes.
According topreliminary statistics of the General Department of Customs, in the first 11months of 2022, the import value of animal feed and raw materials reachedover 5 billion USD, up 11.5% over the same period in 2021.
Vietnam’s largestanimal feed supplier is Argentina (29.8%), followed by Brazil (20.2%) and theUS (12.8%).
Data from the GeneralStatistics Office show that in the first 11 months of 2022, corn imports weremore than 8.4 million tonnes, worth nearly 2.9 billion USD, up 8.5% over thesame period last year.
As Vietnam’s animalfeed industry still heavily relies on imports, recent fluctuations inthe international market have significantly affected its domestic industry./.
