Vietnam rakes in 361 million USD from exporting poultry products
Vietnam has so far earned 361 million USD from exporting poultry meat and eggs to 26 countries worldwide, the Ministry of Agriculture and Rural Development (MARD) reported.
Illustrative image (Photo: vneconomy.vn)According to the ministry, the country has spent over 3 billion USD on importing livestock products despite the abundant domestic supply.
Vietnam produces about 6.5 million tonnes of livestock products and 17 billion of poultry eggs a year, mostly for domestic consumption.
Experts recommended that businesses need to intensify deep processing of poultry meat, create reserves, and diversify products to stabilise the market and increase added value.
Banks need to provide credit support, consider suitable options to assist farmers, they said.
In the long term, ministries and sectors need to evaluate distribution channels to ensure the interests of consumers and breeders; consider establishing a meat price stabilisation fund to support and better regulate the market; and take solutions to export meat products for large livestock projects./.
You should also see
InfographicVietnam tops Asia-Pacific in workplace wellness
Workplace well-being is on an "upward trajectory" throughout Asia-Pacific, with Vietnam leading the region (65.09), according to a recent study by Asia's largest mental health care company Intellect.
See more
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
Business
Phu Yen, Ninh Thuan attractive to energy project developers
The south-central coastal provinces of Phu Yen and Ninh Thuan have become attractive destinations for investors operating in the energy industry thanks to great potential for renewable energy development.
Business
Petrovietnam posts 9-billion-USD revenue in Q1
The Vietnam National Oil and Gas Group (Petrovietnam) saw total estimated revenue of 231 trillion VND (9 billion USD) from production and business activities in the first quarter of 2024, exceeding the set quarterly plan by 33% and up 19% year-on-year, head a conference held by the group recently.
Business
Forum seeks to increase PPP investment effectiveness
Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
