As Cambodia opens up, it is becoming an increasingly attractive animal feed destination for Vietnamese exporters. The Mavin Group, one of the largest in Vietnam, is one such exporter.
“Vietnam and Cambodia have created favorable infrastructures to facilitate mutual trade ties. Khmer consumers are not too demanding and they are increasingly favoring products originating from Vietnam,” David John Whitehead, Chairman of Mavin Group, told Asian Agribiz.
Cambodia is also a net importer of animal feed and its raw materials. This has opened up the opportunity for Mavin to export thousands of tons of swine, poultry and aquaculture feed per month to the country.
“Mavin’s goal is to complete the value chain in the Cambodian market. Currently we are gradually developing other links from animal feed to veterinary medicine, and in the future we will have a system of animal husbandry and food processing,” said Mr Whitehead.
According to data from Vietnam’s General Department of Customs, animal feed and feed ingredient exports to Cambodia reached almost USD 1 billion last year. In the first three months of 2020, commodity exports to the neighboring market earned Vietnam USD 27 million, an increase of 16% on the year.
The two countries have signed mutual and Asean regional cooperation agreements on preferential tariffs with a 0% tax rate for many items, including agricultural and meat products.
Source: Asian Agribiz Magazine