Vietnam News Highlights for August 3, 2023
Check out the latest news about localities across Vietnam.
Check out the latest news about localities across Vietnam.
IFC will help Vietnam improve its capacity in terms of legal framework and institution regarding the implementation of biosafety measures and diseases monitoring in pig farming.
The investment will help address the severe pork supply shortage and price volatility triggered by the African Swine Fever.
While there are several upside risks, moderating food prices should keep Vietnam’s inflation under control.
The total number of pig herds in Vietnam is estimated at 27.3 million as of present, up 20% against early 2020 and equivalent to 87% of the pig herd before the outbreak of the African Swine Fever.
For next year, Hanoi targets growth of the agricultural sector by at least 3%.
Vietnam's headline inflation averaged 5.6% year-on-year in the first quarter, but has been gradually decreasing since last December.
As of December 2019, the nation’s hog herd shrank by 25.5% year-on-year due to the impact of African swine fever.
It is no doubt that 2019 was another successful year for Vietnam’s economy, putting the country in a favorable condition to achieve all socio-economic targets set for the 2016 – 2020 period.