VN spends $1.5 billion for animal feed imports

Viet Nam had to spend more than US$1.5 billion to import animal feed and raw material in the first five months of this year, up 27.5 per cent compared with 2016, despite market difficulties for meat, especially pork.

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Imported soybean is piled up. Viet Nam imported nearly 650,000 tonnes of soybeans worth US$280 million in the first five months of this year, increasing by eight per cent in volume and 19 per cent in value year-on-year.

The information was released by the Ministry of Agriculture and Rural Development (MARD).

Viet Nam imported nearly 650,000 tonnes of soybeans worth $280 million in the first five months of this year, increasing by 8 per cent in volume and 19 per cent in value year-on-year.

Especially, corn imported from Thailand to Viet Nam in the first four months of this year increased sharply, up 48 times in volume and 4.5 times in value over the same period last year.

The largest import market for Viet Nam’s animal feed was Argentina, accounting 45 per cent of the market share, followed by the United States, India and China.

Recently, MARD’s Department of Animal Husbandry has submitted to MARD its plan to temporarily stop building new feed mills.

According to the department, the animal feed industry has to promote internal resources, use feed more effectively, control diseases and reduce costs to compete with imported products.

VNS 

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This entry was posted in Nông nghiệp - Agriculture, Nhập khẩu nông phẩm - agriculture product import and tagged , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net). I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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