Agriculture, aquaculture firms focus on growing their own raw materials

More and more agriculture and aquaculture businesses are setting up their own farms rather than rely on imports for raw materials.

Agriculture, aquaculture firms focus on growing their own raw materials hinh anh 1

Illustrative photo (Source: nld.com.vn)

More and more agriculture and aquaculture businesses are setting up their own farms rather than rely on imports for raw materials.

TH Group has for instance been building a hi-tech dairy cow farm and milk processing plant in An Giang province since the end of February. When completed, it will be the largest closed-loop dairy cow farming project in the Mekong Delta with around 10,000 cows.

Other dairy companies too have been investing in farms, boosting raw milk production by 12.9 per cent last year to 1.1 million tonnes.

TH is also developing a hi-tech co-operative model to work with dairy farming households in An Giang.

Fruit processing businesses are working with farmers to ensure regular supply and satisfy foreign markets' requirements with respect to origin. Farmers have their fruits bought at high prices. Vina T&T, for instance, is buying star apples at 40,000 VND (1.73 USD) per kilogramme, doubling the market price.

Trung An Hi-tech Agriculture JSC is working with farmers in Kien Giang province and Can Tho city to grow 1,400 hectares of organic rice, guaranteeing them much higher prices than the market.

Pham Thai Binh, general director of the company, told Nguoi Lao Dong (Labourers) newspaper that the most important factor for successful co-operation is guaranteeing farmers’ incomes.

Pham Ngoc Hoang, General Director of Hoang Ha Commerce and Production Company Ltd, said small farming households account for a large part of Vietnam’s agriculture, but export markets demand consistent quality and absence of chemical residues.

Businesses need to work with farmers to buy raw materials, but there should be policies to ensure certain crops are not overly farmed, which will keep output under control and ensure businesses collaborate with farmers, he added.

The first two months of 2021 saw exports of agriculture, forestry and aquaculture products rise by 16.6 percent year-on-year to 6.17 billion USD.

Exports of agriculture, forestry and aquaculture last year were worth 41.2 billion USD, partly due to the development of specialised farming areas that allow large-scale production and traceability of origin./.
Source: VNA
en.vietnamplus.vn

Related News

Storm No. 3 "knocks down" many small businesses

Storm No. 3 "knocks down" many small businesses

VCN - According to the General Statistics Office (Ministry of Planning and Investment), looking at the growth results in the third quarter of 2024, it can be seen that the damage in agriculture after Storm No. 3 (Storm Yagi) was the largest. Meanwhile, the number of Vietnamese enterprises operating mainly in the industrial, construction and service sectors, so the impact was not as severe as in the agricultural sector.
Taking the initiative source of raw materials - "way out" for textile, garment and footwear export

Taking the initiative source of raw materials - "way out" for textile, garment and footwear export

VCN - Although the export turnover of the textile, garment and footwear industry accounts for a high proportion of the total import-export turnover of the country, the contribution of domestic enterprises is still limited. In fact, the Vietnamese textile, garment and footwear industry is still focused on the processing stage, with low added value creation capacity.
Enterprises seize tuna export opportunities

Enterprises seize tuna export opportunities

VCN - The demand for tuna in import markets is increasing in preparation for the year-end holidays. Enterprises are preparing raw materials to capitalize on this opportunity.
Imported raw marterials and fuel rise rapidly

Imported raw marterials and fuel rise rapidly

VCN - Raw materials of textile and garment or fuel like petroleum, coals were imported sharply in the first six months of 2024, according to General Department of Vietnam Customs.

Latest News

Import and export are expected to reach 800 billion USD

Import and export are expected to reach 800 billion USD

VCN - Although the import and export turnover of goods slowed down in September 2024, in general, import and export activities, especially exports, still grew positively in the first 9 months of 2024. It is expected that import and export of goods in 2024 will reach a record of 800 billion USD.
Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Rice exports likely to set new record in 2024

Rice exports likely to set new record in 2024

Vietnam sold 800,000 tonnes of rice overseas for 505 million USD in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.
Vietnamese goods conquer halal market through trust and quality

Vietnamese goods conquer halal market through trust and quality

VCN - According to the Ministry of Agriculture and Rural Development, Vietnam's capacity to export over 50 billion USD worth of agricultural products annually, coupled with established supply chains, provides a significant advantage for Vietnamese agricultural and aquatic products to penetrate the Halal market.

More News

Exporters urged to have strategies to take advantage of UKVFTA for expansion

Exporters urged to have strategies to take advantage of UKVFTA for expansion

The UK is concerned by sustainable development, labour issues, environmental protection and social responsibility. Therefore, when exporting to the UK, enterprises should not just be concerned about being competitive in terms of price and quality.
Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Vietnam and UAE trade sees billion-dollar growth

Vietnam and UAE trade sees billion-dollar growth

VCN - According to General Department of Vietnam Customs by the end of September 2024, bilateral trade between Vietnam and the United Arab Emirates (UAE) reached nearly US$5 billion, an increase of more than US$1.4 billion over the same period last year.
Sharing responsibility for ensuring security and safety of the supply chain

Sharing responsibility for ensuring security and safety of the supply chain

VCN – Post - clearance audit is carried out in a planned, focused and key manner, avoiding widespread and ineffective inspections, thereby creating convenience for the business community and improving the effectiveness of state management of customs.
Many factors affecting tuna exports in the last months of the year

Many factors affecting tuna exports in the last months of the year

VCN - Tensions between Israel and Iran escalate, tuna businesses are worried, they may have to stop export orders to the Israeli market in the last months of the year.
Vietnam still dominates Philippine rice import

Vietnam still dominates Philippine rice import

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports, according to the Vietnam Trade Office in the Philippines.
Vietnam cements ties with partners to engage in global semiconductor, AI industries

Vietnam cements ties with partners to engage in global semiconductor, AI industries

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.
Aquatic exports expected to rise in year-end despite challenges

Aquatic exports expected to rise in year-end despite challenges

Aquatic exports is expected to surge in the remaining months of this year, as the year-end festive season comes, despite many challenges in the international markets, according to insiders.
Trade Defense: The Key to Success for Vietnamese Businesses

Trade Defense: The Key to Success for Vietnamese Businesses

VCN - From losses and near bankruptcy, many domestic enterprises have recovered thanks to timely application of trade defense measures. Trade defense is also an effective shield for Vietnamese enterprises against a series of lawsuits from importing countries, thereby maintaining advantages and developing on "away grounds".
Read More

Your care

Latest Most read
Import and export are expected to reach 800 billion USD

Import and export are expected to reach 800 billion USD

VCN - At the regular Government meeting in September 2024, Minister of Industry and Trade Nguyen Hong Dien assessed: import and export continued to be a bright spot, recording a positive recovery compared to the same period last year.
Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Rice exports likely to set new record in 2024

Rice exports likely to set new record in 2024

Vietnam sold 800,000 tonnes of rice overseas for 505 million USD in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.
Vietnamese goods conquer halal market through trust and quality

Vietnamese goods conquer halal market through trust and quality

According to the Ministry of Agriculture and Rural Development, Vietnamese agricultural and aquatic products could penetrate the Halal market.
Exporters urged to have strategies to take advantage of UKVFTA for expansion

Exporters urged to have strategies to take advantage of UKVFTA for expansion

The UK is concerned by sustainable development, labour issues, environmental protection and social responsibility. Therefore, when exporting to the UK, enterprises should not just be concerned about being competitive in terms of price and quality.
Mobile Version