Vietnam is among the world’s top countries in total numbers of poultry and pigs, but the market is being gradually acquired by foreigners. About 8 million farming households have been weeded from the market.
Expanding export markets is likely to be one of the solutions to reverse the loss of momentum in live hog and pork product sales, according to industry leaders.
Livestock companies in the southern province of Dong Nai are struggling to comprehend what they say is a rushed roadmap to relocate thousands of breeding farms for environmental reasons.
Vietnam has set a target to double the amount of foreign investment in agriculture to US$34 billion by the end of 2030. However, there were a number of shortcomings and limitations the country must urgently address to realise the goal, according to policymakers and industry experts.