IMPORT DEPENDENCY: A MAJOR BARRIER FOR VIETNAM DOMESTIC LIVESTOCK

2024 was a significant year for Vietnam’s livestock industry. Total livestock output reached 8.26 million tons, a 5.4% increase compared to 2023, with notable growth in pork and poultry production. Despite this, industrial feed production only reached 21.5 million tons (+3.4%), signaling ongoing challenges in achieving feed self-sufficiency.

On the downside, Vietnam imported 22.4 million tons of feed ingredients, worth $7.7 billion, reflecting a heavy reliance on international markets. While export revenue in the livestock sector rose to $533.6 million, import costs surged to $3.741 billion, putting pressure on the industry.
Most notably, Vietnam spent nearly $1.14 billion on dairy products and over $1.7 billion on meat imports. This highlights an urgent need to boost domestic production capacity and reduce dependency on imported goods.