Hanoi (VNA) - A seminar entitled "Breeding cattle for profit" took pl𒐪ace in Hanoi on May 10 to discuss solutions for the sustainable development of Vietnam’s cattle industry.
The event was organised by the Ministry of Agriculture and Rural Development, the Australian Embassy to Vietnam and the Meat and Livestock Australia (MLA).
According to Michael Patching from the MLA, the seminar is part of a cooperation programme between Australian and Vietnamese governments to provide support for beef cattle industry in the country.
Over the past three years, Australia has not only exported live cattle to Vietnam but also invested in developing breeding facilities and slaughter houses as well as personnel training in the country, he said.
Australia also looks to involve more in local beef cattle value chain, particularly cattle breeding and production safety, Patching added.
Director of the Vietnam Ruminant Breeding Centre Le Ba Que recommended ways to develop the country’s herd of milk and beef cattle, saying that policies should be designed to offer more support for cattle farms and breeding cooperative programmes and to boost advanced technology applied in the industry.
The enhanced connection between the government, scientists, agribusiness and farmers is needed while more market research and forecast are required to get the production on the right track, he noted.
Deputy Minister of Agriculture and Rural Development Vu Van Tam cited the fact that domestic beef production failed to catch up with local demand which has been on the rise over the last three years. It has led to the surge in beef imports, notably from Australia.
The number of beef imported from Australia spurred from 3,500 in 2010 to 181,000 in 2014, reflecting a 52-fold growth in just four years.
Beef now accounts for about 7 percent of meat consumption in the country and is predicted to reach 12 percent by 2020, the deputy minister said.
The ministry plans to facilitate imports of high-quality cattle breeds in line with the domestic production of dairy and beef cattle to satisfy the local demand, he revealed.-VNA
The rise in beef imports after tariffs are cut to zero in 2018 under the ASEAN Trade in Goods Agreement (ATIGA) is a serious threat for the domestic cattle industry.
Vietnam shipped 39,000 tonnes of frozen meat from suckling pig to China and Hong Kong (China) in 2015, reaching a turnover 103 million USD, nearly doubling those of the previous year.
The northern province of Quang Ninh completed procedures for licensing and granted the investment registration certificate for a cattle farming project within only three hours on March 5.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
At the seminar (Photo: VNA)
