August 20, 2024

Vietnam aims to boost livestock exports to US$1.5 billion by 2025

Vietnam is intensifying its efforts to expand livestock product exports, with a target of reaching US$1-1.5 billion by 2025, Vietnam News Agency reported.

According to Vietnam's Ministry of Agriculture and Rural Development, the country made a strong start to the year, recording US$240 million in exports in the first half, reflecting a 3.8% year-on-year increase. Processed meat products led the way, followed by fresh, chilled, and frozen pork.

Vietnam's processed chicken meat has already established a presence in Japan, Hong Kong (China), five countries in the Eurasian Economic Union, and Mongolia.

The country has also secured important export licenses for dairy and bird's nest products to China. The Department of Animal Health (DAH) is now working to expand market access for these and other livestock products. Negotiations are ongoing with the Republic of Korea, Singapore, the EU, the UK, and the Middle East to broaden export opportunities.

Nguyen Van Long, Director of DAH, revealed that talks with the Republic of Korea's Ministry of Food and Drug Safety are progressing, with a focus on finalising food safety conditions for poultry products.

Several key industry players, including Masan, CP Vietnam, Koyu & Unitek, Japfa, De Heus, and GreenFeed, are investing in disease-free zones and advanced processing facilities to support these export efforts.

Vietnam's Deputy Minister of Agriculture and Rural Development, Phung Duc Tien, emphasised that Vietnam's agriculture sector is focused on comprehensive, efficient, and sustainable livestock development. The sector aims to adapt to climate change through industrialisation and modernisation, integrating value chains and circular economy principles to enhance added value, biosecurity, disease control, and food safety.

Tien also highlighted the importance of diversifying export markets and exploring new opportunities, such as the Halal market, to further boost overall exports, particularly in the livestock sector.

-      Vietnam News Agency