VN livestock industry in danger as imports are too cheapVietNamNet Bridge - Vietnamese livestock farmers are under pressure as their products are uncompetitive in comparison with surprisingly cheap poultry and animal meat imports. As domestic products are more expensive, restaurants, street shops and catering companies tend to use imports, forcing the average price down. Hoang Thanh Van, head of the Animal Husbandry Department, said domestic meat products are expensive because of high production costs. However, as the import tariff on feed imports was recently slashed to zero percent from 5-10 percent, the production cost has decreased. Pham Duc Binh, deputy chair of the Vietnam Animal Feed Association, said the expenses on feed account for 70 percent of the production cost.

Source: VietNamNet News March 27, 2018 01:07 UTC