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Jan 08, 2024 / 13:21

Vietnamese livestock exports to reach $3-4bn by 2030

The plan seeks to enhance livestock processing methods, bolster food safety measures, diversify product offerings, and broaden market and export prospects.

Exports of animal products are expected to reach US$1-1.5 billion by 2025 and US$3-4 billion by 2030.

The objective was included in the Government's plan signed by Deputy Prime Minister Tran Luu Quang to advance the development of abattoirs, streamline the processing of animal products, and optimize marketing strategies by 2030.

 A pig farm in Phu Minh Commune, Soc Son District. Photo: Trong Tung/ The Hanoi Times

The plan outlines an ambitious agenda to enhance the processed livestock meat sector, to increase its share to 25-30% of total meat production by 2025, and further elevate it to 40-50% by 2030. The anticipated annual growth rate for value-added processing of livestock products is projected to escalate from 2-3% in 2023-2025 to 4.5-5.5% in 2026-2030.

In a bid to meet these objectives, the plan also targets a shift in the slaughter landscape. By 2025, it aims for about 60% of livestock and 40% of poultry to be processed in industrial facilities, with subsequent targets of 70% for livestock and 50% for poultry by 2030.

Furthermore, the plan emphasizes the development of meat, egg, and milk processing facilities that adhere to both regional and global standards in technology and management.

To ensure technological advancements in farming practices, the plan envisions a rise in the share of farms adopting advanced technology from approximately 53% to 45-50% by 2025 and 35-40% by 2030. Concurrently, it anticipates a decline in farms utilizing average and backward technology from 32% to 20-25% by 2025 and a substantial reduction to 5-10% by 2030.

The technological proficiency of industrial egg processing facilities is projected to rise from approximately 60% to 70-75% by 2025 and further increase to 80-85% by 2030.

Anticipated growth suggests that processed egg production will double by 2025 and triple by 2030. In parallel, advanced technological levels in industrial-scale milk processing plants are expected to reach 95-100% by 2025 and beyond, surpassing the current range of 85-90%.