Experts months ago warned that the domestic animal husbandry would “dieyoung” as Australian beef was flooding the Vietnamese market. However,they have had a change of opinion as some businesspeople with powerfulfinancial capability and new business strategies have committed to pourcapital into the sector, said the English language news portalVietNamNet Bridge.
Australian beef products are availableeverywhere in Vietnam, from supermarkets and frozen food shops to onlineshops, targeting different classes of consumers thanks to their goodquality and reasonable prices.
Nguyen Dang Vang, chair of theVietnam Animal Husbandry Association, was cited as saying that Vietnamimported 3,000 Australian cows only in 2012, but the figure jumped to70,000 in 2013. In the first half of 2014 alone, 72,000 Australian cowswere imported, the double the amount of the same period last year.
It is expected that 150,000 Australian cows will be imported to Vietnam by the end of the year for slaughtering.
Thehigh volume of imported live cows, plus frozen beef, has turned Vietnaminto the second biggest Australian cow and beef consumer in the world.
Areport showed that 4,000 cows are consumed in Vietnam every day,including 600 cows in Ho Chi Minh City. About 70 percent of fresh beefsold in Ho Chi Minh City is Australian beef.
Big firms step in
A number of powerful conglomerates have released plans to make investments in the agricultural sector.
Commentingabout the new investors, analysts said they are “rookies” in the field,but must not be called “amateurs” because they have been followingmethodical and well-prepared business strategies.
Hoang Anh GiaLai Group, a big real estate developer, has kicked off a 6.3 trillionVND project on breeding 236,000 cows, including 120,000 milk cows and116,000 meat cows.
The group plans to launch its beef productsinto the market in mid-2015 through Vissan, a food processing company,hoping to gain turnover of 30-50 million USD.
Duc Long Gia LaiGroup, a big investor in many business fields, including hydropowerplants, hotels, mining and wooden furniture manufacturing as well asinfrastructure development, has injected 11 trillion VND into a125,000-cow project.
Meanwhile, Thanh Thanh Cong, a big sugarcompany owned by a well-known businessman, the owner of a big bank inVietnam, has kicked off a project to breed 100 Kobe cows.
Analystsbelieve these powerful conglomerates can aid in the recovery of thedomestic animal husbandry as they are all capable investors.
HoangAnh Gia Lai owns 100,000 hectares of agricultural land in Vietnam, Laosand Cambodia which could be a huge animal feed-supply source.Meanwhile, Duc Long Gia Lai also has a large land area for agriculturewhere it has been growing rubber, sugar cane and corn.
Though theprojects would provide only 160,000 meat cows to the market, they wouldencourage more investors to pour money into the husbandry sector.-VNA
Australian beef products are availableeverywhere in Vietnam, from supermarkets and frozen food shops to onlineshops, targeting different classes of consumers thanks to their goodquality and reasonable prices.
Nguyen Dang Vang, chair of theVietnam Animal Husbandry Association, was cited as saying that Vietnamimported 3,000 Australian cows only in 2012, but the figure jumped to70,000 in 2013. In the first half of 2014 alone, 72,000 Australian cowswere imported, the double the amount of the same period last year.
It is expected that 150,000 Australian cows will be imported to Vietnam by the end of the year for slaughtering.
Thehigh volume of imported live cows, plus frozen beef, has turned Vietnaminto the second biggest Australian cow and beef consumer in the world.
Areport showed that 4,000 cows are consumed in Vietnam every day,including 600 cows in Ho Chi Minh City. About 70 percent of fresh beefsold in Ho Chi Minh City is Australian beef.
Big firms step in
A number of powerful conglomerates have released plans to make investments in the agricultural sector.
Commentingabout the new investors, analysts said they are “rookies” in the field,but must not be called “amateurs” because they have been followingmethodical and well-prepared business strategies.
Hoang Anh GiaLai Group, a big real estate developer, has kicked off a 6.3 trillionVND project on breeding 236,000 cows, including 120,000 milk cows and116,000 meat cows.
The group plans to launch its beef productsinto the market in mid-2015 through Vissan, a food processing company,hoping to gain turnover of 30-50 million USD.
Duc Long Gia LaiGroup, a big investor in many business fields, including hydropowerplants, hotels, mining and wooden furniture manufacturing as well asinfrastructure development, has injected 11 trillion VND into a125,000-cow project.
Meanwhile, Thanh Thanh Cong, a big sugarcompany owned by a well-known businessman, the owner of a big bank inVietnam, has kicked off a project to breed 100 Kobe cows.
Analystsbelieve these powerful conglomerates can aid in the recovery of thedomestic animal husbandry as they are all capable investors.
HoangAnh Gia Lai owns 100,000 hectares of agricultural land in Vietnam, Laosand Cambodia which could be a huge animal feed-supply source.Meanwhile, Duc Long Gia Lai also has a large land area for agriculturewhere it has been growing rubber, sugar cane and corn.
Though theprojects would provide only 160,000 meat cows to the market, they wouldencourage more investors to pour money into the husbandry sector.-VNA
