Zhi Tong Cai Jing·2025-12-31 02:53Group 1 - Vietnam's pork consumption market is expanding due to population growth and increasing consumer demand, with a projected pork consumption of 3.88 million tons in 2024, ranking fourth globally [1] - The per capita pork consumption in Vietnam is expected to reach 38.3 kg/year in 2024, second only to China, indicating a high demand for pork [1] - Vietnam's pig farming industry is currently the sixth largest in the world, with a pig stock of 25.546 million heads in 2023, trailing only China in Asia [1] Group 2 - The African swine fever (ASF) has significantly impacted Vietnam's pig farming, with the current pig stock still 11.1% lower than pre-ASF levels in 2018, leading to an accelerated exit of small-scale farmers from the market [2] - The Vietnamese pig farming sector is experiencing a shift towards larger-scale operations, driven by policy support and the need for improved biosecurity and breeding systems [2] - The industry is currently in a development phase that presents significant growth opportunities for large-scale enterprises [2] Group 3 - Local and multinational companies are increasingly integrating the pig industry chain in Vietnam, expanding from traditional feed businesses to pig farming, supported by favorable policies for foreign direct investment (FDI) [3] - In 2022, 81 foreign direct investment projects were established in Vietnam's pig farming sector, accounting for over 12% of the total FDI in the country that year [3] - The market is still in a phase of rapid expansion, with leading pig farming companies having substantial room for market share growth [3]