Thai agribusiness Betagro growing in Vietnam

THAILAND - Thailand’s leading agribusiness Betagro Group is beefing up its investments in animal feed and other farm businesses in Vietnam this year after success in Dong Nai province, Bangkok Post reported Friday.

The company entered into a shrimp feed and animal drugs business with Thai Luxe Enterprise in Dong Nai, 40 kilometres from Ho Chi Minh City, three years ago, after suspending its activities following the 1997 regional economic crisis.

The venture's performance has proved so good, it has spurred Betagro to think about new investments in the area.

"We're now poised to establish a stronger presence in integrated farm businesses such as livestock, animal feed and food," Nopporn Vayuchote, the group's executive vice-president, told Bangkok Post.

Dr Nopporn said Betagro had been exploring untapped opportunities in the area. "For example, we're considering to set up quality swine breeding centre there."

Betagro plans to produce high-quality pig feed and research genetics to breed pigs with less fat to supply the growing demand in the Vietnamese market.

"This way, Vietnamese farmers can buy high-yield, lean-meat piglets to raise instead of spending time developing their own piglets," he said.

Vietnam has around 27 million pigs, most of them raised in backyards and on small farms. Many of them are Yorkshire and Duroc breeding stock bought from the United States and Australia.

Betagro would adopt the same stringent food safety practices it employed in Thailand, Nopporn said.

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Source: Bangkok Post

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