According to reports, the Vietnamese government will begin regulating animal feed costs. Domestic market prices for feed are 10% to 15% higher than in nearby countries.

The Viet Nam Feed Association claims costs are higher due to the need to import half of the raw materials needed in feed production. With no domestic competition, foreign companies charge higher prices.

The association says the country imports 3.7 million tonnes of grain to produce feed. The industry is asking for government help to encourage investment in raw material production.