Animal feed exports poised to hit 1 billion USD mark
Vietnam’s animal feed exports would likely touch the 1 billion USD mark in the near future as many large-scale enterprises in the field have continued to expand their production, trade experts have predicted.
Animal feed being packed at a JAPFA Comfeed Vietnam factory in Thai Binh province. (Photo: VNA)
Hanoi (VNS/VNA) - Vietnam’s animal feed exports would likely touch the 1billion USD mark in the near future as many large-scale enterprises in thefield have continued to expand their production, trade experts have predicted.
Thecountry’s livestock feed exports in December 2020 grew very robustly, reaching 80million USD, up to 55 percent month-on-month and 10 percent year-on-year,statistics from the General Department of Customs showed.
Thissharp increase in December was fueled by a high growth rate in three leadingmarkets of China, Cambodia, and the US at 84 percent, 66 percent and 69 percent,respectively.
Thanksto such a significant growth seen in December, the country’s animal feed exportturnover in 2020 reached over 800 million USD, up 17 percent compared to 2019with China, Cambodia and the US being the three largest consumption markets,accounting for over 10 percent of the nation’s total export value.
Lastyear, Vietnamese exports of animal feed to China in 2020 topped 211.23 millionUSD, a yearly increase of 16 percent, and making up for 26.4 percent of thetotal turnover while the figure to Cambodia hit 122.3 million USD, increasing23 percent year-on-year or equivalent to 15.3 percent of the proportion.
Meanwhile,exports to the US reached 114.5 million USD, up 125 percent compared to 2019,accounting for 14.3 percent of the proportion. This impressive growthrate demonstrated that Vietnamese animal feed could penetratemore and more into tough markets.
Accordingto the Ministry of Industry and Trade, the country's turnover in exports ofsuch products to key markets increased in 2020 compared to the previous year.
However,turnovers of many small markets were still declining such as Japan with 26.2million USD, down 27 percent year-on-year; The Republic of Korea with 19million USD, down 18.5 percent and Indonesia with 11 million USD, down 33 percent.
Vietnamis now home to 265 animal feed production businesses, of which 180 weredomestically run. Although domestic enterprises outperformed in terms ofquantity, foreign firms still led the way in terms of capacity and market share./.
Vietnam will produce more than 23 million tonnes of animal and poultry feed this year, according to a report by the Ministry of Agriculture and Rural Development (MARD).
The animal feed industry, which is growing at 10-15 percent annually, is highly attractive to foreign investors, who are steadily expanding their production.
Sunjin Group from the Republic of Korea inaugurated its new animal feed factory at Dong Van IV Industrial Park, in Kim Bang district, the northern province of Ha Nam on November 16.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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.
Animal feed being packed at a JAPFA Comfeed Vietnam factory in Thai Binh province. (Photo: VNA) 
