December 26, 2011
Vietnam is capable of supplying sufficient meat to meet local demand during the Lunar New Year festival or Tet holiday, said Hoang Kim Giao, head of the Ministry of Agriculture and Rural Development's Livestock Department (MARD).
Local meat consumption is expected to rise 12%-13% during the nine-day Tet festival that falls on January 21 and the increasing supply will cope with that, Giao said.
Giao rejected the earlier forecast of the Ministry of Industry and Trade (MoIT) which stated that Vietnam will lack about 30,000 tonnes of meat during the longest holiday in the Southeast Asian country.
He also forecast that prices of meat are expected to rise by 2%-3% compared to 20%-30% increase estimated by the MoIT earlier.
Vietnam strives to restructure its animal livestock industry in 2012-2020. The MARD targets to increase the number of pig by 35%-70% and total pork yield to rise 40%-80% while the number of poultry to soar by 30%-70% with 40%-80% increase in chicken meat volume.
By 2020, the country will increase number of ducks by 20%-40%, the ministry planned.