Log in
Hanoi

Hanoi proposes reducing import tax on animal feed inputs

The city's authorities will tighten collaboration with relevant ministries and branches to expand the purchase of raw material sources from Eastern European countries.

As the Covid-19 pandemic has heavily affected local animal feed manufacturers and disrupted the import of raw materials, Hanoi’s mayor Nguyen Duc Chung has asked relevant departments to submit to the government a proposal to reduce import tax on ingredient feed. 

 Chairman of Hanoi People's Committee Nguyen Duc Chung addresses the meeting. Photo: Trong Tung

At a meeting on April 21 to discuss solutions to animal feed businesses’ problems chaired by Hanoi’s mayor Nguyen Duc Chung, local firms said in the first three months, the prolonged African swine fever caused a reduction of nearly 32% in the pig herd compared to the same period in 2019, while pig feed production accounts for 60% of their production. Since early 2020, the outbreak of Covid-19 has disrupted the import of feed ingredients while prices of imported raw materials have increased by 15–30%.


Speaking at the meeting, Director of the Department of Agriculture and Rural Development Chu Phu My said that due to the effects of Covid-19 pandemic, the number of businesses that produce and trade animal feed in Hanoi has decreased sharply. As of March, there are 31 manufacturers and 1,096 dealers in the city, down 20.5% and 5.5%, respectively, compared to the same period in 2019.

Vu Anh Tuan, deputy general director of CP Vietnam Livestock JSC, said that the company’s factory has a designed annual output of 720,000 tons, but is operating at a capacity of 600,000 tons. Meanwhile, the factory owned by Tan Phuong Dong Co., Ltd. has an annual capacity of 75,000 tons, but currently only runs at 40-50% of its full capacity.

To support animal feed businesses, Hanoi's mayor Chung said that the city’s authorities would ease businesses’ transportation of raw material from ports to factories and from factories to agents in the midst of movement restrictions in place to curb the pandemic spread, allow 24-hour operation of animal feed trucks.

Along with that, the city will collaborate with banks to expand unsecured loans. The city will also tighten collaboration with relevant ministries and branches to expand the purchase of raw material sources from Eastern European countries such as Russia and Ukraine.

In the context that the Covid-19 pandemic remains complicated in many countries, Hanoi’s mayor Chung urged the animal feed production enterprises to share material sources as well as support product consumption among them and continue to expand infrastructure investment in order to ensure storage of raw materials.

Reactions:
Share:
Trending
Most Viewed
Related news
PM backs VAT exemption for animal feed

PM backs VAT exemption for animal feed

03 Sep, 10:11

The Prime Minister is supporting the proposal of the Ministry of Finance to include animal feed in the list of products exempted from value added tax (VAT) payment.

Hanoi seals strategic investment ties with Australia at high-level visit

Hanoi seals strategic investment ties with Australia at high-level visit

Pho Festival 2025: Celebration of Hanoi’s iconic dish

Pho Festival 2025: Celebration of Hanoi’s iconic dish

Hanoi approves construction of US$600 million Tu Lien Bridge

Hanoi approves construction of US$600 million Tu Lien Bridge

Breathtaking transformation of Hanoi's leaf-changing season 

Breathtaking transformation of Hanoi's leaf-changing season 

Hanoi tightens management of conditional businesses

Hanoi tightens management of conditional businesses

THE HANOI TIMES — The Hanoi People's Committee has issued Official Letter No. 1173/UBND-NC on improving the management of security, order, seal management, identity cards and the National Database on Population and Identity cards of certain business sectors.

Hanoi celebrates Vietnam's ethnic diversity

Hanoi celebrates Vietnam's ethnic diversity

THE HANOI TIMES —The Vietnam Ethnic Village of Culture & Tourism, located in the suburbs of Hanoi, will host a series of events under the theme “Cultural Colors of Vietnamese Ethnic Groups.”

Cultural heritage celebrated at thousand-year temple in Hanoi 

Cultural heritage celebrated at thousand-year temple in Hanoi 

THE HANOI TIMES — The traditional commemoration of the passing of Genie Huyen Thien Tran Vu was held on March 31 at Quan Thanh Temple, a special national relic built in the 11th century in Hanoi's Ba Dinh District.

"Silent Contributions 2025" highlights solutions to improve people's lives

"Silent Contributions 2025" highlights solutions to improve people's lives

THE HANOI TIMES — There is a strong need for more targeted solutions to help female workers effectively rebuild their lives after disasters, said Hoang Phuong Thao, Country Director of ActionAid Vietnam at the launch of the 2025 "Silent Contributions" media program on March 31.