Hoa Phat Group puts enthusiasm into agriculture sector: Chairman Tran Dinh Long

In 2019, Hoa Phat Group achieved a revenue of more than VND8 trillion from agriculture sector, 5.5 times higher than that of 2016. Its after-tax profit reached VND558 billion, 21 times higher than four years ago. In the first 9 months of the year, despite of suffering heavy damages from the COVID-19 pandemic, the group’s agriculture sector still posted a revenue of nearly VND8 trillion and after-tax profit of VND1.29 trillion, triple than those of the same period last year. This have been Hoa Phat Group’s significant achievements after five years doing business in the agriculture sector.

In a speech delivered at the 5th anniversary of the establishment and development of Hoa Phat Agricultural Development Joint Stock Company on the weekend, Hoa Phat Group’s Chairman Mr. Tran Dinh Long said: “We have done a lot of things and creating position for Hoa Phat’s agriculture in the market. Currently, one in every two Australian cows in Vietnam is of Hoa Phat, taking the lead in the country. This has been a clear evidence that Hoa Phat Group has always been doing well in any sector.”

The leader added that there were still many doubts about the success of the largest steel company in Vietnam, but now things are different.

“With the enthusiasm, determination and “fearlessness” at Hoa Phat Group, everyone now recognises that Hoa Phat can do well in the agricultural sector”, said Chairman Mr. Tran Dinh Long.

Mr. Doãn Gia Cường, vice chairman cum general director of Hoa Phat Agricultural Development Joint Stock Company said: “The group’s potential and experience in large-scale industrial production chain and transparent governance system have been strongly promoted in the agricultural sector. Hoa Phat Group has quickly asserted its reputation and potential in the fields of animal feed production, pig raising, cow raising and poultry breeding thank to the advantages. Currently, the agricultural sector has the second largest contributor to the group’s revenue and after-tax profit, only after steel production and trading.

Hoa Phat Group has operated two animal feed factories with a total capacity of 300,000 tonnes per year each factory in Hung Yen and Dong Nai provinces. All equipment lines are imported from Europe to ensure high quality and safety for pets and consumers. In the field of pig breeding, Hoa Phat Group focuses on supplying high quality pig breeds and high quality meat. It has farms in all three regions of the country.

Hoa Phat is operating many beef cattle farms in Thai Binh, Quang Binh and Dong Nai provinces. At the same time, Hoa Phat Agricultural Development Joint Stock Company has also completed and put into operation a poultry farm in Phu Tho Province with a scale of 300 million clean chicken eggs a year. The farm starts to supply clean eggs with high nutritional value to the market since 2018.

Hoa Phat Group takes the lead in the market, accounting for the No 1 market share in providing Australian cows in Vietnam

After five years of investment, Hoa Phat Agricultural Development Joint Stock Company has achieved remarkable achievements. Hoa Phat’s Australian beef takes the leading position in the country with market share of more than 50 per cent while clean chicken eggs are also leading in production in the North with 550,000 eggs a day. Hoa Phat is expected to provide the market with 150,000 Australian cows, about 250,000 commercial pigs (excluding pig breeds) and reaching 700,000 eggs a day by the end of 2020.

Hoa Phat Agricultural Development Joint Stock Company is the legal entity that governs and manages all production and business activities in the agricultural sector of Hoa Phat Group. Currently, Hoa Phat Agricultural Development Joint Stock Company has five member companies including Hoa Phat Hung Yen Animal Feed Company Limited; Hoa Phat Dong Nai Animal Feed Company Limited; Hoa Phat Livestock Development Joint Stock Company; Hoa Phat Trading Company Limited and Hoa Phat Poultry Company Limited.

The company targeted to reach its maximum designed capacity of 600,000 tonnes of animal feed a year; 500,000 commercial pigs a year; 250,000 cows and 300 million clean chicken eggs a year by 2022, contributing to promote the development of Vietnam’s agriculture towards a large-scale, modern, biological safety and effectiveness. In addition, Hoa Phat aims to develop a 3F (Feed - Farm - Food) chain, improve product quality and ensure safety to provide consumers with the best products.

Please see the clip on 5 year development of Hoa Phat’s agriculture sector here

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