New Hope is one of the leading feed producers in Vietnam

Position asserted

New Hope is globally famous for extensive development in agriculture, animal husbandry and food industry. Currently, the group has 600 subsidiaries and more than 70,000 employees. The group has an annual output of 20 million metric tons, a slaughtering capacity of 1 billion fowls and 3 million pigs, and a milk processing capacity of 1 million metric tons. Its annual revenue is more than US$20 billion.

In Vietnam, New Hope has more than 10 companies in Ho Chi Minh City, Hanoi, Hai Phong, Dong Thap, Binh Dinh, Bac Giang, Binh Phuoc and other localities. Its projects have actively helped stabilize the market, change views and specifications of farms and raise livestock standards in Vietnam.

As one of subsidiary companies of New Hope Group in Vietnam, New Hope Binh Phuoc Livestock Co., Ltd. has promoted its production and business strengths, continuously expanded operations, improved quality and developed its trademark. Especially, with a US$135-million, 75-ha livestock farm, combined with a bran factory in Hon Quan district, equipped with advanced production lines, is capable of rearing 300,000 piglets a year, becoming the largest farm in Southeast Asia. This has made New Hope a leading foreign-invested producer of animal feeds and pigs in Vietnam.

Mr. Gu Jun Jie, General Director of New Hope Binh Phuoc Livestock Co., Ltd, said: In 2022, the company obtained many outstanding achievements. New Hope Group praised it for over 98% of successful weaning pigs, over 97.8% of living pigs, feed conversion ratio (FCR) of 2.8-3.3, and 365 straight days of safe production.

Besides outstanding business performance, New Hope Binh Phuoc also cares about social activities. In 2021, when the COVID-19 epidemic was complicated, the company supported the local government with an ambulance for prompt response to epidemic prevention and control, and funded local traffic and power grid construction. Additionally, the company also regularly presented gifts and piglets as a livelihood for disadvantaged families.

Towards sustainable livestock industry

Being aware of the importance of doing sustainable business, New Hope Binh Phuoc Livestock Co., Ltd has focused on applying science and technology to environmentally friendly production and breeding processes and adopted green business-based livestock farming

Accordingly, to enhance performance, farms are built with modern technology and advanced equipment. All processes are operated and monitored by an automated system to be cost-effective and environmentally friendly with a wastewater treatment system that is applied with strict standards. With quality-assured feeds, good breeds and international breeding techniques, farms that meet environmental quality requirements not only supply quality meat for consumers, but also ensure profits for farmers. This, in turn, helps change farming concepts and breeding models, in Binh Phuoc in particular and Vietnam in general. This is also completely consistent with investment attraction policy and agricultural modernization policy aimed to unlock local strengths.

Particularly, not only building a closed production system, New Hope Binh Phuoc also transfers technology to farmers through cooperative husbandry, and encourages and supports farmers to run their farms on their own. Thus, the company has proven its long-term commitments to sustainable development to the locality.

General Director Gu Jun Jie said: According to the business plan in 2023, New Hope Binh Phuoc will sell 500,000 pigs. Currently, the Company is making appropriate adjustments to pig breeding criteria and quality to achieve its goals and make a profit.

Remarking on the Binh Phuoc investment environment, he assessed that Binh Phuoc is an effectively developing province and it will develop faster and more strongly given current mechanisms and policies.

Particularly in agriculture and livestock, New Hope is receiving great support from local authorities and enjoying tax exemptions for all kinds of manufactured goods. Moreover, the company also regularly receives support, timely guidance and access to relevant information on legal procedures and other documents when needed. These determine the success of New Hope in Binh Phuoc province.

“In the future, New Hope is committed to further investing, scaling up and promoting agricultural potential to develop more strongly and bring Vietnamese agricultural products to the international market. We are committed to long-term sustainable development and positively support Binh Phuoc province's socioeconomic development and Vietnam's livestock development," said Mr. Gu Jun Jie.