Vietnam has a life-long tradition of agriculture, horticulture and aquaculture.
In specific, the livestock sector is an important contributor in supporting livelihoods for the locals and exporting a large quantity of meat for international markets.
The annual growth rate of the production value of the livestock industry in Vietnam is expected to reach 4-5% per year in the period 2021-2025. According to statistics, in 2021, the growth rate of the livestock industry reached an average of 6.7%, the value that livestock brings is accounting for a large proportion of 30% in the structure of Vietnam's agricultural industry.
In 2022, the growth rate was 6% and took up for more than 25%. In the first 3 months of 2023, this figure is 4.69% and 35.2% respectively.
The above data shows that Vietnam's livestock industry is still maintaining a high growth rate despite being only halfway through the 2021-2025 period. At this rate, Vietnam is expected to meet its goals.
Looking back at 2023, regardless of adversities from epidemics and economic downturns, the livestock sector continues to achieve stable growth under the unanimous efforts and close monitoring from both the Vietnamese government and its people.
Vietnam aims to develop sustainable livestock production, ensure animal welfare and enhance the value of livestock products, with the vision towards 2030.
To achieve the above goals, in addition to adhering to domestic and international policies, relevant ministries, businesses should come up with support programs for not only livestock cooperation as well as small-scale livestock farms. It is also necessary to further strengthen connections and form link chains between units in the industry as this will help increase product value and reduce production costs.
Animal nutrition is essential for a sustainable development of livestock, hence choosing an appropriate group is equally as important. Efforts from the veterinary medicine industry are clearly shown to help support the industry to reach common goals.
As one of the leading veterinary medicine manufacturers in Vietnam, SANFOVET is towards sustainable livestock farming and we are proud to be a pioneer in the production of biological products.