Ba Huan’s 18ha hi-tech poultry egg farm in Binh Phuoc (Photo: VNA)HCM City (VNA) -Huge investments have been flowing into the agriculture sector in recent years,making it increasingly competitive.
Into 25 major projects alone 27 trillion VND (over 1.2 billion USD) has beeninvested.
Ba Huan JSC has invested over 1 trillion VND in its dairy egg production chain,and its profits have been growing by 15-20 percent annually in recentyears.
According to Pham Thi Huan, Chairwoman of the company, Ba Huan plans to furtherdevelop its food processing chains and completed the formalities for exportingeggs to ASEAN member countries and other Asian markets.
Through its Vietnam Opportunity Fund, VinaCapital has become a strategicshareholder in Ba Huan after investing 32.5 million USD in it.
Ba Huan plans to use this money for restructuring and enhancing itsmajor production lines, according to VinaCapital.
Minh Hung Group, one of the 500 biggest companies in Vietnam, has announcedplans to build a HPP (high pressure processing) plant at a costof 500 billion VND in Long An province. It is scheduled to start operation in2019.
Lam Dao Hung, its Chairman, said the company plans to invest in warehouses andpost-harvest preservation technologies.
Earlier this year Hoa Phat Steel JSC launched a poultry project, which isexpected to produce 20 million chicken eggs a year, and an animal foodprocessing plant.
Last year Truong Hai Auto Company (THACO) opened the 500 billion VND ThacoAgricultural Machinery plant which manufactures 18-120BHP tractors, combinedharvesters and other agricultural machinery.
The company targets a 7 percent share of the tractor market thisyear, and 26 percent by 2026.
It also has plans to manufacture other agricultural machinery for the domesticmarket and export to Laos, Cambodia, the Philippines, Myanmar, and Indonesia.
Speaking at a meeting in HCM City recently, Phung Duc Tien, Deputy Chairman ofthe National Assembly’s Science, Technology and Environment Council, saidagriculture remained one of the key sectors.
Last year the sector did excellently, and its achievements included exports of 36.3billion USD, he said.
This year it was expected to grow further, with exports of agricultural,forestry and aquatic products already topping 6.1 billion USD, an increase ofmore than 30 percent year-on-year, he said.
But the scale of agriculture remains small, as indicated by some 80 millionpaddy fields and nearly 10 million farmer households, according to Tien.
Post-harvest losses are huge, infrastructure such as warehousing and processingfacilities remain “behind the times”, and added value is low.-VNA
Into 25 major projects alone 27 trillion VND (over 1.2 billion USD) has beeninvested.
Ba Huan JSC has invested over 1 trillion VND in its dairy egg production chain,and its profits have been growing by 15-20 percent annually in recentyears.
According to Pham Thi Huan, Chairwoman of the company, Ba Huan plans to furtherdevelop its food processing chains and completed the formalities for exportingeggs to ASEAN member countries and other Asian markets.
Through its Vietnam Opportunity Fund, VinaCapital has become a strategicshareholder in Ba Huan after investing 32.5 million USD in it.
Ba Huan plans to use this money for restructuring and enhancing itsmajor production lines, according to VinaCapital.
Minh Hung Group, one of the 500 biggest companies in Vietnam, has announcedplans to build a HPP (high pressure processing) plant at a costof 500 billion VND in Long An province. It is scheduled to start operation in2019.
Lam Dao Hung, its Chairman, said the company plans to invest in warehouses andpost-harvest preservation technologies.
Earlier this year Hoa Phat Steel JSC launched a poultry project, which isexpected to produce 20 million chicken eggs a year, and an animal foodprocessing plant.
Last year Truong Hai Auto Company (THACO) opened the 500 billion VND ThacoAgricultural Machinery plant which manufactures 18-120BHP tractors, combinedharvesters and other agricultural machinery.
The company targets a 7 percent share of the tractor market thisyear, and 26 percent by 2026.
It also has plans to manufacture other agricultural machinery for the domesticmarket and export to Laos, Cambodia, the Philippines, Myanmar, and Indonesia.
Speaking at a meeting in HCM City recently, Phung Duc Tien, Deputy Chairman ofthe National Assembly’s Science, Technology and Environment Council, saidagriculture remained one of the key sectors.
Last year the sector did excellently, and its achievements included exports of 36.3billion USD, he said.
This year it was expected to grow further, with exports of agricultural,forestry and aquatic products already topping 6.1 billion USD, an increase ofmore than 30 percent year-on-year, he said.
But the scale of agriculture remains small, as indicated by some 80 millionpaddy fields and nearly 10 million farmer households, according to Tien.
Post-harvest losses are huge, infrastructure such as warehousing and processingfacilities remain “behind the times”, and added value is low.-VNA
VNA
