Doubling Profit Target with Nearly 900,000 Pigs Sold

According to the business plan revealed exclusively at the AGM, BAF is aiming for the target revenue of over VND 5.6 trillion, with livestock operations contributing nearly VND 5.46 trillion – a 1.69x increase over the previous year.

The company projects VND 774 billion in pre-tax profit and VND 638 billion in net profit, of which approximately VND 636 billion will come from pig farming activities. The remaining contribution comes from the feed production segment. It’s worth noting that in 2024, BAF achieved an impressive net profit of VND 319 billion, a 10-fold increase year-on-year—marking the second-highest profit in its history after 2021.

Speaking at the AGM, CEO Bui Huong Giang emphasized that despite stable top-line revenue, the sharp increase in profit is driven by a strategic shift: in 2025, 100% of operations will focus on pig farming, compared to 60% in 2024 (the remaining 40% previously came from crop trading). “Our 2025 plan is fully centered on livestock, which marks significant growth. We aim to sell nearly 900,000 pigs this year, so in reality, our livestock revenue is increasing,” she added.

Output and Margin Expectations

In 2025, BAF plans to sell over 831,000 market hogs and more than 41,000 breeding pigs, totaling 872,000 pigs. This is expected to generate approximately VND 5.5 trillion in revenue and nearly VND 1.5 trillion in gross profit, with a gross margin of about 27%.

Navigating Challenges, Leveraging Market Trends

Despite market challenges in 2024 – such as Typhoon Yagi in Northern Vietnam and outbreaks of African Swine Fever (ASF), especially among smallholders – BAF delivered strong results. According to the Ministry of Agriculture and Rural Development, Vietnam’s pork output reached 5 million tons in 2024, up 3.7% YoY, while live hog prices rose from VND 50,000/kg to nearly VND 70,000/kg, a 31–35% increase nationwide. Simultaneously, lower feed costs improved overall profitability.

With the new Livestock Law effective from early 2025, a structural shift from households to industrial-scale farming is accelerating. BAF plans to leverage this transformation by expanding operations and strengthening biosecurity to maintain herd size while executing M&A strategies to acquire new farms.

In 2025, BAF will deploy 13 new farms/farm clusters, along with 2 new a feed mill in Binh Dinh and a meat processing plant in Binh Phuoc, both already under construction.

“BAF currently operates 40 farms, not including contract farms. We’re racing against time to reach our 2030 target of 10 million commercial pigs. We’ve also received approval to invest in multi-story pig farms with a capacity of 64,000 sows, a model capable of supporting millions of commercial pigs” said CEO Giang.

Q1 2025: Exceeding Expectations

In Q1/2025, BAF recorded over VND 1.1 trillion in revenue—slightly down YoY, but with improved livestock contribution. BAF sold 160,000 pigs, and pre-tax profit reach at VND 140 billion, slightly up from the same period last year.

The AGM approved the retention of all 2024 profits, with no dividend distribution until the end of 2026. BAF requires substantial capital to build new farms and scale operations.
Chairman Truong Sy Ba explained:

“To reach our 2030 goal of 10 million commercial pigs, we’ll need VND 54 trillion in total investment. We are committed to reinvesting all profits. International partners like IFC have agreed to this strategy and understand the long-term value. Our vision is to scale significantly by 2027, after which we aim to begin distributing dividends.”

The total herbs are excepted: 900,000 pigs in 2025; 165,000 sows & 1.8 million commercial pigs in 2026; 250,000 sows & 3.5–4 million commercial pigs in 2027

Sustainability is inevitable, almost unaffected by US tariffs

On the topic of U.S. tariff policies under Donald Trump, Chairman Ba reassured shareholders that BAF would not be significantly affected.

“We import corn, soybean meal, and wheat from South America, the U.S., and the Black Sea. If tariffs rise, China – the largest buyer – may retaliate, causing prices to fall, which actually benefits us.”

BAF sees sustainability as a long-term necessity:

“ESG is easy to talk about but costly to execute,” CEO Giang noted. “However, Vietnam is committed to carbon neutrality. If companies want to survive and thrive, sustainability is no longer optional.”

“BAF invests in green and sustainable practices, and we believe consumers will increasingly recognize and support these efforts—even if it means paying a bit more.”

The AGM also approved the registration of privately issued convertible bonds on the HNX, originally sold to IFC (Bond code: BAFH2330001). Issued in March 2023, the 7-year, non-collateralized bonds carry a fixed interest rate of 5.25%/year, with a supplementary rate for early redemption or non-conversion.

In governance updates, shareholders approved the resignation of Supervisory Board members Ms. Hoang Thi Thu Hien and Mr. Nguyen Quoc Van, and elected Ms. Duong Thi Hong Tan and Ms. Tran Thi Thanh Tra, both nominated by major shareholder Siba Holdings.

All proposals presented at the 2025 AGM were passed.

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On August 15^th, 2023, the signing ceremony for the Green Syndicated Loan Facility Agreement of the Giai Xuan High-Tech Farm took place at the Vinpearl Landmark 81. BAF officially signed to receive a syndicated loan facility of 500 billion VND with a consortium of three major financial institutions from South Korea and Taiwan, including Shinhan Bank Vietnam Ltd. (Shinhan Vietnam), Daegu Bank, and First Commercial Bank. Shinhan Vietnam is the Lead Bank (the coordinating and managing bank for the syndicated loan facility).

Shinhan Vietnam is a Shinhan Bank Korea subsidiary – a Shinhan Financial Group member. Shinhan Bank Korea is currently present in 20 countries with a network of 169 branches.

After more than 30 years of establishment and development, Shinhan Vietnam has expanded its network to 49 branches and offices nationwide. In 2023, Shinhan Bank Vietnam was awarded the Best Foreign Retail Bank in Vietnam by the Global Business Review Magazine; The Best Foreign Bank in Digital Transformation in Vietnam by the International Business Magazine; The Best Foreign Bank in Vietnam granted by World Economic Magazine; and The Fastest Growing Enterprise Bank in Vietnam by Global Banking & Finance Magazine.

After comprehensive due diligence, assessment, and completion of relevant procedures, BAF has met the stringent criteria of all three financial institutions. This demonstrates a level of prestige and financial stability of BAF during the period of farm-scale growth and retail chain expansion over the past period.

The 500 billion VND loan facility will facilitate and fund the construction of the modern swine farming cluster to comply with the 3F Model (FEED-FARM-FOOD) in Giai Xuan, Nghe An province. The Giai Xuan cluster covers an area of about 52 hectares, with a capacity of 5,000 breeding sows and 60,000 livestock pigs. The swine farm is expected to have modern technology, automation, and equipment imported from Europe, with a water recirculation rate of up to 95%. This is BAF’s modern integrated farming cluster, comprising breeding and fattening pigs, inherent to reducing logistics expenditures and facilitating effortless source traceability.

The facility has a term of 7 years with a 2-year principal grace period. The collateral is the Giai Xuan Farming Cluster – a future asset. The floating rate is expected to be under 9% per annum, which is considered a fairly favorable long-term cost of funds, given the prevailing high-interest rate conditions.

In the volatile macroeconomics (respectively, the high inflation, economic recession in major countries, and political conflicts), BAF has successfully raised nearly 500 billion VND from three leading South Korean and Taiwan financial institutions. This indicated the confidence of these financial organizations in the stable business and the decent credit profile of the Company.

In the past six months, BAF has drawn attraction from several leading financial institutions in the region, as it has successfully raised nearly 1,400 billion VND from major international financial entities, including IFC, Shinhan Bank, Daegu Bank, and First Bank.

Strengthen monitoring, and optimize business efficiency.

Since 2020, BAF has consistently applied the seamless livestock value chain approach, following the 3F framework (FEED-FARM-FOOD) and has recorded rapid expansion in scale. Regarding FEED, the company has put into operation 3 Feed factories meeting FSSC22000 and GLOBAL GAP standards. These 3 Feed manufactories have a total capacity of up to 460,000 tons per year, producing vegetarian bran – sourced from plants, without lean deposition substance. In the FARM sector, the number of modern farms has increased by threefold to 23 farms concentrated in Vinh Phuc, Thanh Hoa, Dak Lak, Phu Yen, Binh Phuoc, Binh Thuan, Ba Ria, Binh Duong, and Tay Ninh.

In the FOOD sector, the distribution chain has expanded to over 60 Sibafoods and more than 400 MeatShop locations countrywide.

After scaling up, the company has taken measures to review and adjust its business model for sustainable development in the next phase. BAF has been approaching circular agriculture by investing in processing waste and carcasses from swine farms into organic compost, serving rice production and other industrial crops. By implementing effective Circular Green Economy practices, BAF directly reduces greenhouse gas emissions, conserves water resources, and promotes sustainable environmental protection. In addition, there is an emphasis on strengthening control activities, cost-saving measures, and optimizing processes in line with the strategy to become one of Vietnam’s top 3 leading livestock companies.

The total BAF herd has reached over 230,000 pigs, corresponding to commercial livestock of about 570,000 which is projected to be available to the market from Q3 2023 onwards. Mr. Truong Sy Ba, Chairman of the Company’s Board of Directors, stated that the estimated total sow herd would reach 84,000, delivering 890,000 pigs by the end of 2024. By 2025, the projected output of BAF would be 2,100,000 pigs, moving towards the goal of 200,000 sows and 6,000,000 pigs to the market by 2030.

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The price of live pigs increased by 18% to 59,000 VND/kg.

The explanation for the price increase is mainly due to the decline in supply as households haven’t restocked due to losses and the impact of African Swine Fever (ASF).

В In the early months of the year, live pig prices declined for a long period, and the high cost of animal feed caused many difficulties for households. The production cost of households fell to around 53,000 – 55,000 VND/kg, and they incurred losses of up to 1 million VND per pig sold. Additionally, concerns about the return of ASF and reduced pork consumption in the context of high inflation in the first quarter have made farmers hesitant to restock.

The decrease in supply has created an opportunity for the price of live pigs to increase by 18% in the past month. This is seen as an opportunity for modern pig farming companies which applying the 3F (FEED-FARM-FOOD) model – low production costs to regain growth momentum.

The opportunity for modern 3F pig farming companies

BAF Viet Nam Joint Stock Company (listed on HOSE, stock code BAF) is considered as a representative entity in applying the modern 3F (FEED-FARM-FOOD) pig farming model.

In terms of FEED, the Company has put into operation 3 “Vegetarian” feed factories producing vegetable source livestock feed without any harmful substances to ensure nutrition for pigs. The 3 factories have a capacity of about 460,000 tons/year and have achieved the highest global certifications in Animal feed production quality management systems: GLOBAL GAP CFM 3.0 and FSSC 22000 Ver 5.1.

In terms of FARM, a series of farms have been put into operation, and construction has begun to increase the number of farms operating and deployed to 23 farms. BAF’s closed farm system applies modern European technology, an automatic feeding system through a central control system to minimize contact between humans and animals, limit diseases, significantly reduce labor costs, and achieve a water circulation rate of 95%.

In the FOOD sector, BAF Vietnam has successfully launched high-quality BAF Meat, a plant-based protein product made from vegetarian feed. They have continuously expanded their distribution network, with over 60 Siba Food stores and more than 300 Meat Shops spread across Vietnam

The substantial investment and support from the International Finance Corporation (IFC) have contributed to the rapid development of BAF. Currently, BAF has emerged as one of the top 5 largest pig farming enterprises in the country. The total number of pigs sold in 2022 exceeded 303,500, nearly doubling compared to the same period. At present, BAF’s total herd size is around 230,000 pigs, with a production cost of approximately 45,000 VND/kg.

BAF aims to continue expanding its modern farm system and plans to operate an additional 9 farms by the end of 2024. The projected total herd size will reach 90,000 sows and 2.2 million commercial pigs.

Dabaco Group (listed on HOSE, stock code DBC) is a longstanding diversified company in the livestock industry. Its main business areas include pig farming, poultry farming, and real estate development.

In the first quarter, DBC recorded net revenue of 2,314 billion VND, a decrease of 18% compared to the same period. Due to business operations below the cost price, DBC incurred a net loss of 321 billion VND, while it made a profit of 8.6 billion VND in the same period last year. This is also the largest quarterly loss for Dabaco to date.

As of mid-April 2023, DBC’s total pig herd reached 120,000, a 25% decrease compared to the same period (according to VCBS). According to Mr. Nguyen Nhu So, Chairman of Dabaco, the production cost for the pig farming segment of DBC is currently around 55,000 – 56,000 VND/kg.

The price of live pigs is expected to continue increasing due to limited supply and the impact of ASF

Currently, the market share of households livestock farming in Dong Nai province has decreased sharply to around 25%-30%, compared to the previous 70%. The number of households in Vietnam has reduced by nearly five times, with less than 2 million households in the past 10 years.

According to Mr. Truong Sy Ba, Chairman of BAF, under the recent outbreak of ASF, Vietnam’s total pig herd has decreased by 20-25%. Additionally, the low of live pig’s price has led to a massive selling-off by farmers and a limitation in restocking. Under the impact of the disease, it is forecasted that from the end of May to the end of the second quarter of the following year, the average price of live pigs will range from 60,000 to 65,000 VND/kg.

According to the forecast by OECD, Vietnam will rank second in Asia (after China) in pork consumption, with an annual growth rate of 3.1% in the 2022-2030 period. Fitch Solution also predicts that Vietnam’s pork consumption growth rate during the 2018-2026 period will increase by 25%, and by 2026, the average pork consumption in Vietnam will be 31kg per person.

The limited supply of pigs in the upcoming period, along with the recovery of total demand, will be the main catalyst for pushing up the price of live pigs. It promises to create favorable conditions for modern livestock enterprises to return to a growth trajectory.

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On March 21, 2023, BAF Vietnam Agriculture Joint Stock Company (BAF, Company) issued a Report on the successful issuance of the private convertible bond for the International Finance Corporation (IFC) – a member of the World Bank.

This is the first disbursement of IFC into BAF, part of a total financing package of VND900 billion, equivalent to approximately USD39 million, including VND600 billion in convertible bond and VND300 billion in regular bonds for BAF.

The above financing package will support the growth of livestock farms and genetics that BAF has been and will be planning as well as developing animal feed factories and clean meat processing and slaughtering factories.

Dong An Khanh High-tech Pig Farm

Recently, BAF has put into operation the Dong An Khanh high-tech pig farming, which can be considered a Green farm as it owns a modern wastewater treatment system, advanced treatment techniques, and a water circulation rate of about 90%, meeting the highest standards of the Ministry of Natural Resources and Environment and the Ministry of Health.

According to statistics, Vietnam is the world’s top consumer of pork and second in Asia. However, the majority of the market share is still beyond small-scale farmers that using outdated technologies. These traditional farming models have negative impacts on the environment and are vulnerable to factors such as rising feed prices, breeding stock, and diseases.

In addition, pork is distributed to consumers through traditional channels that are not verified for origin and meat quality, causing concerns about food safety and hygiene.

For BAF, to cooperate and receive funding from IFC takes more than 1 year for due diligence. According to BAF, IFC has been and will support BAF in improving ESG (Environmental, Social, and Governance) standards and promoting sustainable professional farming. With long-standing experience, IFC will support BAF in applying professional farming techniques such as building and implementing animal welfare in compliance with international standards, such as group breeding of sows and responsible use of antibiotics according to WHO recommendations. This ensures the goal of developing scale and protecting the environment.

BAF’s under development and future development, in addition to complying with Vietnam’s regulations, will have to ensure IFC’s environmental protection standards.

According to BAF, it is customary for IFC to nominate a member of the Board of Directors (BOD) to companies with investment capital. IFC is expected to nominate an independent BOD member at BAF’s upcoming annual general shareholders meeting. The presence of an independent BOD member is expected to contribute to the improvement of animal husbandry technologies, management practices, and gradually apply good international practices in management such as the Viet Nam Corporate Governance Code of Best Practices.

In terms of finances, the commitment to maintaining financial ratios at a safe level will minimize potential risks and ensure financial health for BAF’s development. In October 2022, BAF changed В domestic audit firm to Ernst & Young – one of the leading audit firms – to audit the 2022 financial statements in order to increase transparency.

As of now, BAF owns 28 farms including 17 operational and 11 under development, spanning across the country. BAF plans to increase the number of farms to 40 based on its available land fund. IFC’s investment has supported timely financial resources to serve the overall expansion strategy and animal farms in particular.

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This is the 17th modern farm of BAF that has been put into operation after reaching the strict selection criteria of BAF and IFC. Dong An Khanh Farm is considered the highest standard farm in Vietnam as it applies modern equipment technology, an automatic management system, and wastewater treatment imported from large corporations in Europe and America.

Located in Xa Suoi Day commune, Tan Chau district, Tay Ninh province, Dong An Khanh Farm has a scale of nearly 15 hectares, with a capacity of more than 5,000 sow, averaging 28 to 32 piglets per sow per year, and is expected to contribute about VND260 billion in revenue per year. Like other farms operated by BAF, Dong An Khanh Farm is also considered a leading model of modern design, construction, and operation standards applied in Vietnam.

Specifically, the “biosecurity belt” standard is strictly applied according to the world’s leading modern livestock farming standards. Along with automatic feeding technology through a central control system to minimize contact between humans and animals in order to limit disease outbreaks and significantly reduce labor costs.

The production areas are designed with technical procedures to ensure “biological safety” and environmental friendliness. Vehicles and people are both isolated and double disinfected before entering the production area. The farm construction criteria fully meet the strictest livestock farming standards of Europe and the United States.

It is worth noting that Dong An Khanh farm, along with BAF’s modern farms, can be called “Green farms” as they have a modern wastewater treatment system and advanced treatment techniques that meet the highest standards of the Ministry of Natural Resources and Environment. In addition, the applied water treatment technology meets Grade A quality standards according to the Ministry of Health’s regulations and can be used for daily activities in the office and residential areas.

Overview of the Dong An Khanh High-tech Pig Farm

The operation of Dong An Khanh farm, along with a series of other modern farms, is seen as an important step in the strategy to become a leading company in the fully integrated modern livestock industry 3F (Feed-Farm-Food). As of now, BAF owns a system of 28 farms (17 operational and 11 under development) for breeding sows and market hogs across the country. It is expected to increase the number of operational farms to 35-40 nationwide in the near future. In addition to core factors such as strong financial capacity and closed modern livestock technology, BAF also has a significantly superior core competitive value compared to other companies in the industry, owning a very large actual land fund. Stretching from North to South, BAF has strengthened its leading position by approaching a land bank of more than 3,000 hectares, serving the expansion of livestock production scale in provinces such as Binh Thuan, Binh Phuoc, Tay Ninh, Phu Yen, Thanh Hoa, Nghe An, Vinh Phuc…

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The year 2022 was as a difficult year for the pig farming industry in Vietnam due to the fluctuation of feed prices and the ASF epidemic. However, the application of a modern farming 3F (FEED – FARM – FOOD) model and substantial investment gained positive business results for BAF Vietnam Agricultural Joint Stock Company (BAF, company). BAF recently announced Consolidated Financial report for Q4/2022, showing growth in revenue and sustainable profits from the livestock segment. Total revenue for the year reached VND7,049 billion, mainly from livestock and selling agricultural product. Notably, revenue from livestock reached nearly VND1.317 billion, an increase of 73% over the same period. The revenue structure underwent a strong shift as revenue from livestock increased to almost 19% of the total revenue structure, up from 7% over the same period, demonstrating the company’s transformation into a modern livestock corporation with leading 3F model in Vietnam. The company advocates to reduce revenue from selling agricultural product due to low gross profit margin and many potential risks affected by the war between Russia and Ukraine.

Until now, BAF has developed and operated 23 modern closed farms using European technology, increasing by over 53% compared to the same period, contributing to the promotion of the total herd. In addition, continuously expanding the distribution chain with over 60 Siba Food stores and nearly 300 Meat Shops throughout Vietnam, bringing the quality “Vegetarian Pork” product direct to the consumers. Thanks to this, the output of pigs sold in 2022 reached nearly 336,000, an increase of 2.2 times compared to the same period.

Consolidated Gross Profit (GPM) reached nearly 7% strong growth compared to the level of 4.7% in the same period, GPM from the livestock reached 25%. Compared to the same period, Administrative expenses and Selling expenses recorded an increase during the expansion of farm scale and distribution chain. The pre-tax profit of 2022 reached nearly VND349 billion, net profit margin reached 4% higher than the level of 3.1% in the same period. The EBIT and EBITDA increased slightly to reach 5.4% and 6.6%, respectively, showing efficient operations and good cost control.

As of December 31, 2022, BAF’s total assets recorded a slight decrease of VND4.909 billion, mainly from the collection of receivables. Short-term receivables continued to decline significantly by 46% to VND1.453 billion as BAF has actively collected debts and mobilized resources to develop more modern farms and expand distribution channels. Inventory recorded a 20% decrease of VND875 billion compared to the beginning of the year. Fixed assets recorded an increase of VND1.096 billion, an increase of 103%, as BAF put into operation many modern farms. Short-term and long-term loans recorded an increase of VND976 billion to meet the capital needs for expanding the herd, developing the farm and distribution system. However, BAF’s financial ratios reflect a stable financial health with a current ratio and quick ratio of 1.1 and 0.8 times, respectively.

The price of pork is expected to increase again in 2023.

Last year, the livestock industry faced many challenges due to the rising cost of animal feed and the ASF disease outbreak. In the last months of 2022, the amount of pigs affected by the disease released into the market was quite high, causing the trading price of pork to be around a low level due to concerns of the disease reoccurring.

Under the impact of the disease, the pig supply is expected to be affected by pig deaths and difficulties in re-herb, and the pig prices are expected to recover in 2023. In addition, China’s reopening will drive cross-border commercial activities in the context of pig prices in China being higher than Vietnam by nearly 10%, which will support pig prices in 2023. Furthermore, modern pig farming companies using the 3F model with traceable source and an OIE-recognized safe biological breeding area are seen as the main beneficiaries when exporting is approved.

In the next coming time, BAF will rapidly expand modern farm to increase the herd size to meet the pork growing demand and aiming to export to international markets. Additionally, it will continue to expand the Siba Food and Meat Food chain to bring “Vegetarian Pork” products closer to consumers.

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Given that the distribution system plays an essential role in supplying clean, safe clear sources of origin food to consumers, BAF has developed dozens of Siba Food stores and hundreds of Meat Shop counters nationwide.

With the ambition of becoming one of the top 3 livestock companies in Vietnam, BAF Vietnam Agriculture Joint Stock Company (BAF, Company) has come up with many important strategies to further develop and strengthen the intrinsic value of the 3F model (Feed – Farm – Food) that BAF is stronger than many other competitors. Specifically, to “Food” part of the model, BAF is developing its own distribution channel by continuously expands Siba Food Stores and Meat Shop counters nationwide to distribute BAF Meat products to consumers directly from a result of close process from “farm to dining table”

“Food” – the essential part of 3F Model

BAF Meat products are clean and safe from a closed livestock chain. All steps from processing to transportation are strictly controlled by BAF from the factory to the retail counters to remain the best quality to the consumers.

From July 2022, BAF will start to distribute chilled pork products with traceable origin. This is a strong commitment from BAF Vietnam in supplying clean and safe pork products to the community.

Pork is stored in the refrigerator, maintaining a temperature of 0-4В°C to keep fresh for the meat

BAF’s clean, fresh and high-quality pork has been distributed through the Siba Food distribution system. This “Modern Minimart – Traditional Market Meat Shop” model is a very creative way to approach customers diversely from Modern Trade – Modern MT (small supermarket, Siba Food) to General Trade – traditional GT channels.

“Currently, the Siba Food distribution system has grown with nearly 50 Siba Food stores and 150 Meat Shops. BAF expects to expand its distribution network to 116 Siba Food stores and 1,116 Meat Shop counters in 2022. Vision to 2030, Siba Food will own the largest chain of food stores in Vietnam with 1,500 Siba Food stores and 15,000 Meat Shop counters.” said BAF’s representative.

Additionally, from June 2022, BAF has co-operated with Sendo, a well-known retailer in the e-commerce industry to sell BAF pork products online.

BAF Meat Shop – a smart and unique clean pork distributing model.

Realizing the fact that consumers behaviour is still purchasing food and grocery goods in traditional markets and residential areas, BAF has developed specialized Meat Shop counters covered with glass to avoid dust and equipped with cooling systems to maintain cool temperature stabilized at 0-4В°C, thank that, pork will be kept fresh all day long.

With this distribution model, Siba Food stores will act as distribution centers for BAF Meat Shop counters. Within a radius of 3 km around each Siba Food store, there will be 10 to 12 high-quality Meat Shop counters, located at traditional markets and residential areas. By choosing these locations, the purchasing will be much more convenient for the consumers by just taking a few steps out of the alley to buy clean, fresh, and quality pork without having to go to supermarkets and hypermarkets.

Each Meat Shop counter will be over seed by an employee of Siba Food to make sure that there are no other pork with no quality control or untraceable origin entering the counters, this mobile Meat Shop counters development strategy will help Siba Food achieve many strategic goals as follows: increasing the coverage of BAF meat in the MT and GT channels, thereby expanding the market share of BAF Meat.

The Advantage of owning a closed food chain “from farm to dining table”

BAF with experience in developing completely closed process according to the 3F model (Feed – Farm – Food), owning and developing all different parts in the process including nutritional feed sources, livestock, and modern processing plants to the distribution chain. All are closed, synchronous and large-scale.

Not only that, BAF is also focusing on investing in an ERP system to manage a closed livestock ecosystem, operating for the traceability from seed, feed, care, processing, and distribution, until when the products are delivered to the consumer, ensuring a “from farm to dining table” closed process. Consumers will be able to consume CLEAN pork that is fresh, delicious, nutritious, reasonably priced and of clear and traceable origin.

For more details please contact:

Investor Relations Department

Email: ir@baf.vn

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