Animal feed

The Vietnamese animal feed market is considered very promising with the value of $6 billion a year. However, feed producers have faced difficulties because of African Swine Fever (ASF). Big investments The Vietnamese animal feed market is considered very promising with the value of $6 billion a year. However, feed producers have faced difficulties because of African Swine Fever (ASF). Not only CP, other enterprises, both Vietnamese and foreign, have poured tens of billions of dollars into plans to expand their production. Difficulties Luong Bang Vietnam's livestock exports expected to fetch US$1.2 billion this year The livestock and related sectors’ exports were worth US$855.4 million in the first nine months of the year and is expected to reach $1.2 billion for the year, according to the Ministry of Agriculture and Rural Development.   … [Read more...] about African Swine Fever challenges Vietnam’s animal feed producers

Part of Khai Quang Industrial Zone in Vinh Yen city, Vinh Phuc province In a recent symposium shedding light on the investment potential of Vinh Phuc province to businesses from the EU and the US, Ywert Visser, vice chairman of the European Chamber of Commerce in Vietnam (Eurocham), noted that it is by no means difficult to name successful European businesses operating in Vinh Phuc, like Piaggio from Italy and De Heus from the Netherlands. Significantly, De Heus Vietnam has made it among the top 5 animal feed makers in the country, with remarkable contributions to the agricultural development of Vinh Phuc and Vietnam. In the words of Deputy Minister of Planning and Investment Vu Dai Thang, with a strong presence of overseas investors, in the past years Vinh Phuc has succeeded in shaping out an enabling ecosystem for industrial development matching the requirements of investors and businesses from Europe and the US. These investors wield significant capital and require support from … [Read more...] about Vinh Phuc charms investors with pro-business environment

A pig depicted in traditional Đông Hồ paper paintings. Viet Nam News by Phước Bửu The country is celebrating the Year of the Pig and pigs, one of the 12 local Zodiac animals, have appeared in daily conversation. Pigs do not hold an honourable position in Vietnamese culture. However, they appear to be the most popular species among the six domestic animals since early history. Pigs, along with dogs, chickens, goats, horses, and buffalos, make up the full list of domestic animals. In the past, Vietnamese relied on rice farming and small-scale husbandry, thus almost every family had a pig shed at home. Almost everybody grew up with memories of pig sheds in the backyard. To Vietnamese people, pigs are at the same time friendly and dirty. A pig often becomes lively whenever someone gets close to its shed. Pigs don’t attack people and their sounds are not scary. However, people avoid being close to the pig sheds because of the bad smell. The … [Read more...] about Be cleaner than a pig in the Year of the Pig

Chinese companies have taken part in four M&A deals, worth USD749 million, in Vietnam last year and they are trying to set more footholds in the market, a recent report said. Chinese firms are trying to set more footholds in the Vietnamese M&A market A report on M&A in Vietnam in 2012 by StoxPlus, a Vietnamese financial portal, said that Chinese firms have been increasing their foreign investment in recent years, including Vietnam. In 2010 Chinese businesses invested more than USD30 billion in foreign countries. Last year the figure climbed to USD42.9 billion. In Vietnam, over USD4.4 billion in Chinese foreign direct investment went to Vietnam, exceeding Japanese firms, with USD2.4 billion and Singaporean companies who invested USD2.2 billion. Chinese investment accounted for 30% of total FDI investment in Vietnam in 2011. Chinese firms mainly invested in production and processing, construction and infrastructure in Vietnam, but they also pumped a lot of money into M&A … [Read more...] about Chinese firms increasingly active in M&A in Vietnam

An outsource farm of Japfa Comfeed Vietnam Vietnam’s pig breeding industry has been under increasing pressure due to the disease. Notably, the tide of African swine fever (ASF) sweeping across Vietnam is showing no signs of abating, killing almost all pigs of small-scale farming households and decimating the herds of breeding companies. The virus destabilised supply in the entire market, leading to near-constant price hikes and speculative hoarding of pork products. The development of large-scale pig farms to act as outsourcing units for breeding companies has been urged for years now but managed to get no traction among farmers, especially in mountainous areas. The advantages of this model have come to the fore after small-scale farms proved far less resilient to the ASF. Double benefits As of now, ASF is present in 63 cities and provinces of Vietnam and shows no signs of retreating. The virus is fatal for pigs and wild boars and can be transmitted in a number of ways, … [Read more...] about Outsourcing farming model contributes to change livestock appearance