HCMC – HCMC will pilot pork trading on the Vietnam Commodity Exchange to improve price transparency, quality control and traceability, the municipal Department of Industry and Trade said.
The city will be the first locality to test the model. It is the country’s largest pork consumption market, with demand of about 13,000–14,000 pigs per day, equivalent to more than VND25 trillion annually, according to the Vietnam News Agency.
The department noted that the pork market faces issues including limited price transparency, multiple intermediaries, and difficulties in controlling quality and tracing origin. Supply-demand fluctuations have also affected the efficiency of the supply chain.
Under the pilot plan, pork will be listed and traded on the exchange. The move is expected to help businesses and consumers access products at more stable prices while ensuring food safety and traceability. Farmers are also expected to have more stable returns and reduced supply-demand imbalances.
A representative of the Vietnam Commodity Exchange said that traded products will be pork cuts after slaughter that meet standards on quality, food safety, and traceability. Participation will be voluntary, and the model will operate alongside traditional distribution channels without disrupting existing supply chains.
If the pilot proves effective, it could be expanded to other localities, helping establish a transparent price benchmark for pork and support the development of the livestock supply chain.
