In the North, traders in Quang Ninh, Bac Ninh, Hanoi , and Hung Yen are buying live pigs at around 73,000 VND per kilogram, a decrease of nearly 9% compared to before Tet. Some localities such as Lao Cai and Lai Chau recorded prices of around 70,000 VND per kilogram.
In Central Vietnam, live pig prices in Nghe An, Ha Tinh , and Dak Lak provinces are trading around 71,000 VND per kilogram, a decrease of about 10% compared to the same period last year. The market in Southern Vietnam is experiencing less fluctuation but has also reversed course and fallen to nearly 71,000 VND per kilogram.
This situation is clearly reflected in the distribution chain. Reports from Hoc Mon Wholesale Market show that the amount of pork arriving at the market in recent days has only averaged 55-60 tons per day, a decrease of up to 80% compared to the peak period before Tet. Many traders have not yet resumed operations after the holiday, causing a drop in the amount of goods entering the market. Purchasing power at the market is also about 30-50% lower than before Tet, indicating that consumer demand has not yet recovered.
The drop in live pig prices has led to adjustments in retail prices. At supermarket chains, many pork products are being sold at around 100,000-180,000 VND per kilogram, with promotional programs offering 10-20% discounts for members.
At traditional markets in Ho Chi Minh City, pork belly is now priced at 150,000-170,000 VND per kilogram, a decrease of about 10,000 VND compared to before Tet (Lunar New Year). Pork ribs are commonly priced at 150,000-180,000 VND per kilogram. Other cuts of meat such as pork loin, buttock, and shoulder have decreased by 5-7%, down to 100,000-130,000 VND per kilogram.
Hoang Anh Gia Lai 's pig farm. Photo: Thi Ha
From a short-term market perspective, small traders believe that reduced purchasing power is the main reason for the price drop. Ms. Hanh, a small trader at Xom Moi Market, An Hoi Dong Ward, said that many schools and factories have not yet resumed normal operations, while a portion of the population is still in their hometowns after Tet, resulting in a significant decrease in customer numbers. If prices remain high, traders will find it difficult to sell their goods and risk having unsold inventory.
The Southeast Vietnam Livestock Association believes that people have stockpiled food before Tet, so the demand for new purchases is still low. Processing businesses are currently mainly producing according to actual orders instead of increasing capacity as during peak periods.
Furthermore, the continued high supply of imported meat adds to competitive pressure. According to data from the Customs Department, in 2025, Vietnam will import 978,000 tons of meat and meat products, worth US$2 billion, an increase of 11.6% in volume and 12.2% in value compared to 2024. Specifically, fresh, chilled, or frozen pork will reach 183,400 tons, worth US$418.5 million, an increase of 18.75% in volume and 20.88% in value. The average import price is approximately US$2,273 per ton, a decrease of 2.8%.
In terms of supply sources, Russia accounts for 48.44% of imported pork; followed by Brazil with 31%. Markets such as Germany, Canada, and the Netherlands account for smaller proportions. A stable supply of foreign goods gives businesses more options for raw materials, thereby reducing the pressure on domestic pork procurement.
According to experts, pork prices may improve as production and schooling return to normal and consumer demand gradually increases after January. However, given the stable domestic supply and high import levels, a sharp increase is unlikely. In the short term, the market may continue to fluctuate around the current level before entering a new consumption cycle.
According to vnexpress.net
Source: https://baophutho.vn/gia-thit-heo-giam-sau-tet-248285.htm
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