The ministry stated that current preferential import tax rates on raw materials for animal feed are low enough to promote domestic industry growth and decrease reliance on imported materials.
Pig farmers in southern of Viet Nam are potentially facing huge losses before Tet (Lunar New Year) as pork prices have plummeted by 15- 20 per cent in the last two months.
The animal feed industry of Viet Nam, despite being among the world’s fastest-growing by scale and output, is dominated by foreign firms while local producers are struggling to compete.