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COVER STORY

PHOTO: VIET TUAN
in the pork-based food value chain in Vietnam
Prospects aplenty and globally, while adhering to local and global
industry best practices.”

Notable achievements
Many FDI enterprises have found success in Vietnam’s agricultural Cargill has had a positive impact on the
sector thanks to sustainable development goals and a favorable development of the country’s agriculture sec-
business environment. tor, improving farmer livelihoods and enrich-
ing communities. It has outlaid more than
T NGOC LAN REPORTS
$160 million on building eleven animal nutri-
tion facilities, a grain and oilseed warehouse,
and two aqua technology application centers
for fish and shrimp, and will open a new
facility in southern Dong Nai province in late
2022 with investment of $28 million.
Despite significant global headwinds,
rising raw material prices, and the various
other challenges 2020 and 2021 have presented,
it managed to post double-digit year-on-year
he GreenFeed Vietnam Corporation which the IFC estimates will benefit around growth at its multiple businesses in Vietnam.
(GreenFeed) received VND1 trillion 385,000 additional pork consumers. “We will continue to contribute to the advance-
T (approximately $43 million) in invest- Established in 2003, GreenFeed has grad- ment and delivery of technology and farming
ment from the International Finance Cor- ually expanded from animal feed production know-how to Vietnamese farmers,” Mr. John
poration (IFC) on July 1 to increase its pig to pig breeding and is now focusing on growing Fering, Managing Director of Cargill Animal
breeding and farming capacity, which will its commercial pig farming operations. “The Nutrition Southeast Asia, told VET. “We continue
help it provide a reliable supply of safe and IFC’s financing will help GreenFeed scale up to see tremendous opportunities in Vietnam
quality pork in Vietnam while enhancing its pig farming capacity, providing traceable and we intend to keep investing in and growing
livestock production practices. The company’s and safe pork that meets the rising demand our business here, both in terms of capacity
pig fattening capacity is expected to increase in Vietnam,” said Mr. Ly Anh Dung, Chairman and capabilities, talent, and communities as
by 750,000 pigs by 2023, translating to supply of GreenFeed. “The support will also help us we fulfill our purpose of nourishing the world.”
of over 125,000 tonnes of pork every year, continue working towards becoming a player Archer Daniels Midland (ADM), a large

14 | VIETNAM ECONOMIC TIMES | AUGUST 2021