Cheap imported US chickens have created drastic losses for poultry farmers in the southern province of Dong Nai, as heard at a meeting of the Ministry of Industry and Trade’s Vietnam Competition Authority (VCA), the Southeast Livestock Association and the provincial livestock association in the locality on August 13.
According to the Southeast Livestock Association, about 50,000 tonnes of chickens were shipped to Vietnam in the first six months of the year, 70 percent of which were from the US market.
The fact that frozen US chicken thighs are priced at 20,000 VND (0.93 USD) per kilogramme in Vietnam is illogical as they are sold at between 70,000- 80,000 VND (3.26- 3.72 USD) in US supermarkets, the association said, adding that each kilogramme should be sold at at least 24,000- 25,000 VND (1.12-1.16 USD) to cover the cost of grain feed, which makes up 60-70 percent of total expenditure.
Chicken parts imported to Vietnam every month are the equivalent of 3 million whole chickens, accounting for nearly 40 percent of the domestic supply.
Since mid-2014, 5,000 farms breeding 14.4 million fowls nationwide have lost over 1.3 trillion VND (60.5 million USD). Over 3,000 farms with over 8 million fowls in the southeast region incur a loss of 80-90 billion VND (3.7- 4.2 million USD) every month.
Le Van Quyet, Vice Chairman of the Southeast Livestock Association, said that poultry farmers are on the brink of bankruptcy with the inability to pay back their 15 trillion VND (697.7 million USD) in bank loans with the prolonged significant losses.
The association recommended tightened control of frozen chicken imports while encouraging the purchase of whole chickens instead of wings and thighs, given Americans prefer chicken breasts and the other parts are often wasted.
The VCA will report the issue to the Ministry of Industry and Trade and the Government for specific solutions.-VNA
Two Vietnamese Animal Livestock Associations signed petitions on July 28 for an anti-dumping investigation into chicken imported from the US to save domestic poultry farmers from losses.
The Government has required relevant ministries and organisations to clarify whether US producers are selling cheap frozen chicken legs on the Vietnamese market.
The Department of Livestock will probe into whether US chicken thighs sold at 20,000 VND (0.92 USD) per kilogramme in Vietnam can be considered dumping and if there is trade fraud in this case.
A total of 45,651 tonnes of chicken products, mostly frozen thighs, were imported from the US in the first seven months of 2015, accounting for 49 percent of total meat imports in the period.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
Frozen US chicken. (Photo: VNA)
