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TEMPORARILY IMPORTED MEAT AND VISCERA PRODUCTS INTO VIETNAM TO BE STOPPED

VCN- After the price of pork dropped sharply at the beginning of 2017 to just 50% of the price in the same period last year, the Ministry of Agriculture and Rural Development has just issued Official Letter No. 3046 / BN- CN to the Prime Minister on a number of measures to stabilize livestock development.

temporarily imported meat and viscera products into vietnam to be stopped
There should be an adjustment of the quality of breeding stock and breeding methods for each market segment.

After a period of hot development in the livestock sector, especially pork and animal feed processing industry, there have been some shortcomings in the market, especially in the pork market. The price of pork has fallen down to 30,000 vnd per kg, especially in the coming summer months, causing serious losses to livestock farmers.

In order to stabilize and develop livestock in general and pig production in particular (the pig production occupies nearly 70% of the market share of livestock products as well as the structure of daily food consumption of the people), the Ministry of Industry and Rural Development has made some immediate and long-term solutions.

In particular, the immediate solution is to request the Prime Minister to assign the Ministry of Agriculture and Rural Development to coordinate with the Ministry of Finance and localities to enhance the direction of enterprises in the application of technological measures in order to save costs, reduce production costs and prices of livestock products, especially feed and veterinary medicine to reach the lowest price in the region. Also, the authorities have accelerated negotiating measures to find markets for livestock products, especially pig production in both the border and cross-border areas.

At the same time, the Government has instructed banks and credit organizations to have solutions for debt relief for livestock and poultry breeders and businesses in livestock feed and veterinary medicine.

The Government has also required competent units which are capable of stockpiling and processing meat such as Vissan, Viet Duc, Hapro Hanoi, Saigon Co.op, Saigon Agriculture Corporation and military units to strengthen poultry stock for the upcoming summer months.

The Government has also considered stopping the temporary import for re-export of meat and viscera products from outside into the Vietnamese market in order to protect the market share of domestic animal products, thereby limiting the risk of diseases, the risk of “dirty food” in the domestic market, causing traffic infrastructure degradation due to large volume of nearly 3 million tons of goods in transit through Vietnam every year.

In the long run, according to the Ministry of Agriculture and Rural Development, localities should review and restrict the opening of new industrial animal feed processing units. Reportedly, the total capacity of registered factories has reached over 31 million tons, far exceeding the planned target of 2020 with 25 million tons.

The localities should reduce the size of pigs, especially the sow and adjustment of the quality of breeding stock and breeding methods for each market segment. In particular, increasing organic farming which is the strength of the farm sector and characteristic of Vietnamese livestock industry.

In addition, the localities should reorganize livestock production through chains, which maximizes the role of enterprises, associations, and cooperatives to better control quality, food safety, supply and demand for livestock products.

By Xuan Thao/ Hoang Anh

Source: http://customsnews.vn/

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280 TRILLION VND FOR IMPORTING GOODS FROM CHINA

VCN- According to the latest information of the General Department of Vietnam Customs, by the end of the first quarter of 2017, the total value of imports from China reached nearly $US 12.7 billion, equivalent to about 280 trillion vnd, an increase of 19.5% compared to the same period in 2016.

280 trillion vnd for importing goods from china
280 trillion vnd for importing goods from China.

The uptrend

This is a very notable news, as imports from China appear to be slow in 2016 after years of strong gains. In 2016, Vietnam even spent $US 49.929 billion to import goods from China, but this figure only increased by $US 431 million compared to 2015.

However, in the first 3 months of 2017, imports from China have shown signs of recovery.

The latest statistics from the General Department of Vietnam Customs showed that in March 2017, Vietnam spent $US 5.072 billion importing goods from China. The turnover of imports this month from China was even much bigger than the total turnover of imports from Japan – the third largest market in our country in the first quarter of 2017 (in the first quarter of 2017, Vietnam only imported goods from Japan with a turnover of $US 3.709 billion).

Only in the first quarter of 2017, there were 5 commodity groups of imports from China with a turnover of $US 1 billion or more. The leading commodity group included machinery, equipment, tools and spare parts with a turnover of $US 2.526 billion, followed by telephone and accessories with a turnover of $US 1.609 billion; computers, electronic products and components with a turnover of $US 1.582 billion; fabrics with a turnover of $US 1.197 billion; and iron and steel with a turnover of $US 1.176 billion.

Notably, out of the 5 commodity groups of imports with a turnover of “billions of dollars” from China mentioned above, there were 4 commodity groups of imports from China maintaining the leading position in the Vietnamese market (except for imported computers and electronic products from Korea at No. 1).

In particular, imported telephone and accessories from China accounted for nearly 55% of the total import turnover of Vietnam; imported fabrics from China accounted for 51% of the total import turnover of Vietnam; imported iron and steel from China accounted for nearly 50% of the total import turnover of Vietnam; imported machinery, equipment, tools and spare parts accounted for 31.3% of the total import turnover of Vietnam.

With a total import turnover of nearly $US 12.7 billion in the first quarter of 2017, imports from China accounted for 27.3% of the total import turnover of Vietnam at the same time.

China takes advantage of opportunities

Regarding an increase in imports from China, on 17th April 2017, a reporter of the Customs Newspaper exchanged with Assoc. Prof. Pham Tat Thang – the senior researcher (the Ministry of Industry and Trade) who knows very clearly about foreign trade relations between Vietnam and China.

Assoc. Prof. Pham Tat Thang said that the problem of imports and trade deficit from China had existed for many years with controversial analysis. But in fact, import activities and trade deficit from China are still rising and there is no sign of stopping.

Regarding this issue, Assoc. Prof. Pham Tat Thang said that there were 2 main reasons.

The first reason is that China has taken advantage of opportunities from the ASEAN – China Free Trade Agreement (ACFTA) and the Vietnam-China Border Trade Agreement.

The second reason is that there has been an increase in imports from China with a large number of investment projects in Vietnam implemented by Chinese contractors. Through these projects, Chinese contractors imported a large amount of machinery, materials, and equipment from China to produce in Vietnam.

“Therefore, if there is no breakthrough in management solution, especially the management of investment projects, the control of import activities and the trade deficit from China will be very difficult”, Assoc. Prof. Pham Tat Thang said.

In addition to analyzing the causes of massive imports from China, which led to a large trade deficit, Mr. Pham Tat Thang also said that Vietnamese authorities should have solutions for these problems and further promote Vietnam’s exports to China.

Assoc. Prof. Pham Tat Thang stated: In fact, Vietnamese goods have not penetrated into the Chinese market and have not been able to access large distribution channels through the main roads. The export activities mainly occur through cross-border trade, which is regulated by China. For example, from early 2017 to date, China has restricted imports through Quang Ninh, Lang Son and changed to promote import-export through Lao Cai, Cao Bang and we have to depend on China. Therefore, this weakness should be solved soon.

By Thai Binh/ Hoang Anh

Source: http://customsnews.vn/

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IT COSTS NEARLY 600 BILLION VND PER DAY TO IMPORT STEEL

VCN- From the beginning of 2017 to now, Vietnam spent nearly $US 26.3 million (about 578 billion vnd) importing steel.

it costs nearly 600 billion vnd per day to import steel
Vietnam spent nearly $US 26.3 million (about 578 billion vnd) importing steel.

According to the latest information of the General Department of Vietnam Customs, from the beginning of 2017 to 15th March 2017, Vietnam spent $US 1.945 billion importing 3.516 million tons of iron and steel, equivalent to $US 26.3 million per day.

Notably, although imports of iron and steel decreased compared to the same period in 2016, the total value of imports increased sharply. Specifically, in the same period last year, Vietnam imported 3.687 million tons of iron and steel with the total value of $US 1.339 billion. Thus, the total import value of iron and steel increased by 45% over the same period of 2016, while the output decreased by nearly 5%.

A strong increase in value and a decrease in output led to an increase in the average price of imported steel. In particular, the average price of steel in 2016 was $US 363 per ton, while at the beginning of 2017, the average price of steel jumped into $US 553 per ton, an increase of more than 52%.

The steel import markets of Vietnam come from many countries and territories in the world but the largest import markets mainly come from Asia such as China with 1.534 million tons of steel, equivalent to the total value of $US 786 million (updated by the General Department of Vietnam Customs at the end of February 2017); Japan with 353,449 tons of steel, worth $US 206 million; Korea with 308,768 tons of steel, worth $US 204 million; Taiwan with 225,355 tons of steel, worth $US 120 million; and India with 211,723 tons of steel, worth $US 110 million.

By Thai Binh/ Hoang Anh

Source: http://customsnews.vn/