Increasing domestic supply of raw materials is among the highest priorities for the development of Vietnam’s livestock feed industry in the future, said policymakers and industry experts.

The domestic paper industry has achieved good growth in the past five years and expects to maintain the momentum until 2025 driven by demand for tissue and packaging paper, according to the industry business group.

VOV.VN - Local textile and garment enterprises are anticipated to face plenty of difficulties and challenges in the coming months, all of which need to be removed by the Government in a bid to ensure growth targets are met, according to industry insiders.

VOV.VN - Vietnamese enterprises have been advised to develop raw material areas which fall in line with EU regulations in order to make further inroads into the demanding market, according to industry insiders.

VOV.VN - A limited supply source of raw materials coupled with slowing market demand has been judged to be the main factor in the recent decline of Vietnamese shrimp export turnover, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - An exhibition showcasing a range of handicrafts and furniture products opened in Ho Chi Minh City on July 19 , drawing the participation of more than 32 local enterprises.

VOV.VN - The nation continues to be "named" in the list of major global production facilities, with six-month export turnover reaching US$185.94 billion, marking a year-on-year rise of 17.3% and a trade surplus of more than US$ 700 million.

Up to 89% of the imports in the first four months of this year are raw materials and accessories for domestic production with a combined value of US$106.6 billion, up 16.8% year-on-year, according to the Ministry of Industry and Trade.

VOV.VN - The consumer price index (CPI) in the first quarter of the year rose by 1.92%, representing the lowest increase since 2017, with the exception of 2021, although the inflationary pressure will remain high until the end of the year, according to a senior statistician.

Vietnam spent US$9.07 billion to import nearly 22.3 million tonnes of raw materials for animal feed production in 2021, according to the Ministry of Agriculture and Rural Development (MARD)’s Department of Livestock.