The Ministry of Agriculture and Rural Development will give away the prestigious Livestock Industry Awards to celebrate excellence in all aspects of the industry, from creating new breeds to cutting-edge biosecurity solutions.
According to the Department of Livestock, MARD, the total number of pigs nationwide is about 25.5 million, an increase of 2.9 per cent over the same period in 2023.
Clemens Tan, General Director of Japfa Comfeed Vietnam, speaks to Việt Nam News about the prospects of the livestock industry and his company''s strategies to adapt and develop in the evolving market landscape.
The gradual easing of disease restrictions by the world''s second-largest economy, China, will affect the economies of the ASEAN region, especially Viet Nam, China''s largest trading partner in the ASEAN bloc since 2016.
Việt Nam’s livestock industry is likely to be hurt due to the increase in raw materials and animal feed prices since the Russia-Ukraine conflict began, the Agribank Securities JSC (Agriseco) has said.
Viet Nam’s livestock industry hopes to increase its average production growth rate in 2021 by 5-6 per cent, according to the Department of Livestock Production under the Ministry of Agriculture and Rural Development.
A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5...
Increasing meat imports are adding to the pressure on the country’s livestock industry brought by free trade agreements and the African swine flu epidemic, experts said.
Although Viet Nam’s livestock industry is thriving, its export potential has yet to be tapped. Most of the country’s livestock products only serve domestic markets, Pham Van Dong, Director of the Department of Animal Health, told a seminar this week.
The State Bank of Vietnam (SBV) issued an official document asking credit institutions to support borrowers in the livestock industry, especially pig farmers in need of credit extension as market demand struggles to find equilibrium.