Vietnam is increasing purchases of beef cattle in foreign markets
According to data for 2020, the average consumption of cattle meat in Vietnam is 3.15 kilograms per year per capita. At the same time, the demand for beef increases by 5-6% annually and will continue to increase in the future.
Last year, the number of beef cattle in Vietnam was estimated at 6.3 million, and the herd of buffaloes — 2.3 million heads. Additional resources are required to provide the market, so the import of live cattle to Vietnam is increasing.
Last year, the number of cows purchased on foreign markets increased by 13.6% compared to 2019 and reached almost 550 thousand heads. Australia was the largest supplier of live cattle to Vietnam — it accounts for about 50%.Australia is followed by Thailand, the USA and Laos.