According to BaF Vietnam’s assessment, 2023 continues to be a difficult year when in the macro context, most economies do not grow as expected. For the livestock industry in Vietnam alone, African swine fever still has many complicated developments, raw material costs are escalating while the output price of live pigs has continuously decreased over a long period of time, and the price of live pigs is still increasing. The basic stable price is still lower than in 2022. In the face of such volatile circumstances, in 2023 BaF Vietnam still achieved some positive results.
Specifically, the Company put into operation the Nghe An bran plant with a capacity of 200,000 tons/year, along with the Tay Ninh bran plant, increasing the total capacity of the Company’s 2 bran plants to a maximum of 450,000 tons/year; At the same time, putting into operation 4 high-tech self-built farms such as Dong An Khanh, Nam An Khanh, Bac An Khanh, Green Farm 2 with a total capacity of 10,000 sows and 60,000 pigs.
Thereby, BaF Vietnam increased the total herd to more than 320,000 animals by the end of the year, an increase of 86% compared to 2022. There are 9 farms certified to Global GAP IFA version 5.2. This has shown the determination to strictly comply with sustainable agricultural development according to international standards. These standards will always be maintained and applied uniformly to all other farms in the BaF system.
BaF has also put into operation a deep slaughtering and processing factory in Long Hau (Long An) with a maximum capacity of 15 tons/day, 4,500 tons/year. The clean meat brand “BaF Meat – Vegetarian Pig” has become more widely known as the distribution system has expanded, from independent wholesale channels to the clean food store chain SibaFood, clean meat selling points BaF Meat Shop and other supermarket systems.
BaF Vietnam is also one of the typical livestock enterprises in welcoming green capital flows when receiving the companionship of the International Finance Corporation (IFC) – a member of the World Bank Group. Group), a group of 3 large financial institutions from Korea and Taiwan including: Shinhan Bank Vietnam Limited, Daegu Bank and First Commercial Bank. This has proven the trust of major financial institutions in the stable business foundation and reputable credit profile of BaF Vietnam, opening a wide door for the Company to attract international capital flows. long-term economic; At the same time, supplement capital for investment, production and business of the Company.
At the Congress, the Company’s Board of Directors also said: BaF Vietnam is the enterprise with the best pig herd protection rate against epidemics, specifically the pig death rate is just under 3% in 2023. This is The results demonstrate the company’s correct development direction when continuously investing in high-tech, large-scale livestock farms, always putting biosecurity and disease safety first.
In 2024, BaF continues to focus on investing resources to develop high-tech livestock following the Feed – Farm – Food closed chain orientation with strategic activities such as: Maintaining strict compliance with the process Production and quality management systems meet the highest international regulations and standards at animal feed factories; develop large-scale concentrated livestock farms with modern models and advanced technology; Improve the capacity of the processing industry to create a key future competitive factor in the Food segment.
In particular, in early 2024, BaF Vietnam officially launched the Total Enterprise Management Digital Transformation project on the SAP S/4HANA Cloud cloud computing technology platform. This is a large-scale digital transformation project in the agricultural industry in general and livestock in particular in Vietnam, helping the Company improve its management capacity according to international standards, ensuring transparent, accurate data, timely. BaF Vietnam also aims to reach 75,000 sows and 800,000 commercial pigs by the end of 2024, double that of 2023; At the same time, 7 new farms will be put into operation and expected to start construction on 6 farms and 1 animal feed factory.
