Vietnam’s feed demand to grow 10% annually

03.08.2016

Despite stiff competition Vietnam’s feed industry is still seen as a potential market. This explains Hoa Phat’s plan to build a new feedmill next year, said Tran Tuan Duong, Hoa Phat Group, CEO. Mr Duong said the country expects a 10% growth in feed demand per year.

This means Vietnam will need 20 million tonnes of feed by 2018. Meanwhile, Nguyen Thi Thu Kim, Analyst at Saigon Securities Inc, said the feed industry has become much more attractive to investors in the last few years. “The development of larger scale meat production has driven the demand for commercial feed production as a replacement for homemade feed in the past.”


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