Vietnam’s animal feed export surpasses 1 bln USD for first time
Vietnam’s export of animal feed and materials surpassed 1 billion USD for the first time to 1.049 billion USD from early this year to mid-December, reported the General Department of Vietnam Customs.
Hanoi (VNA) – Vietnam’s export of animal feed and materials surpassed 1 billion USD for the first time to 1.049 billion USD from early this year to mid-December, reported the General Department of Vietnam Customs.
The figure topped 81 million USD in the first half of December.
The biggest importer was China with an export turnover of more than 330.73 million USD, or 34 percent of the country’s total exports, up 75.6 percent annually.
Cambodia came second with 137.41 million USD, up 22.7 percent year-on-year, equivalent to 14.1 percent.
The third largest market was India with 95.86 million USD, marking an annual increase of 36 percent and accounting for 9.9 percent.
🔜 In 11 months of this year, Vietnam’s export to several markets hiked compared to the same period last year. Its earnings from the Philippines soared by 165.3 percent to 69.13 million USD while those from Thailand surged by 78.2 percent to 28.65 percent./.
Vietnam’s animal feed exports would likely touch the 1 billion USD mark in the near future as many large-scale enterprises in the field have continued to expand their production, trade experts have predicted.
Vietnam’s animal feed exports hit nearly 523.88 million USD in the first six months of 2021, up 52.7 percent year-on-year, according to the General Department of Customs.
Vietnam and the US signed a Memorandum of Understanding (MoU) on technical cooperation between the Ministry of Agriculture and Rural Development (MARD) and the US Grains Council (USGC) in Washington on September 22.
De Heus Vietnam on November 5 announced the signing of a strategic agreement with Masan, pursuant to which De Heus will obtain control of 100 percent of the feed related business of MNS Feed (100 percent ANCO and 75.2 percent Proconco).
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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Illustrative image (Photo: nongnghiep.vn) 
