50,000 tons of pork poured in, Vietnamese people can buy at cheap prices

Recently, the Ministry of Agriculture and Rural Development has directly connected Russia's Miratorg Group and Vietnam's Masan Group to accelerate cooperation in importing, distributing and consuming pork.

Accordingly, the Ministry of Agriculture and Rural Development requested these two units to quickly connect and negotiate contracts to soon bring Russian pork products to consumers, thereby contributing to reducing pressure on domestic pork supply.

Miratorg Group representative expects to export over 50,000 tons of pork to the Vietnamese market in 2020 and gradually increase in the following years.

The Department of Animal Health is also requesting two other Russian enterprises to complete some missing procedures and documents according to Vietnamese and international regulations to continue licensing pork exports to Vietnam in the coming time.

Miratorg Group expects to export about 50,000 tons of pork to Vietnam this year.

According to data from the Department of Animal Health (Ministry of Agriculture and Rural Development), as of March 15, Vietnam imported nearly 25,300 tons of pork and pork products, an increase of 205% over the same period in 2019. Of which, imports from Canada accounted for 29.35%, Germany 19.43%, Poland 11.83%, Brazil 9.98%, and the United States 5.53%.

In the coming time, in addition to promoting herd restoration to increase domestic supply, the Ministry of Agriculture and Rural Development also requested the Ministry of Industry and Trade and the Ministry of Foreign Affairs to direct their affiliated agencies to urgently provide maximum support for Vietnamese enterprises to find reasonable sources of goods in exporting countries; especially in the context of the widespread spread of the Covid-19 epidemic, countries suspending entry may affect trade activities.

In addition, the Ministry also requested the Ministry of Finance to consider and soon issue a policy to reduce import tax on pork. At the same time, it requested the State Bank to have a policy to provide pork importing enterprises with preferential loans for business purposes.

Increasing pork imports is considered a solution to reduce pressure on domestic supply, while helping this item gradually cool down after prices have been high for too long.