Thaiholdings spends $26 mln on pig farms in central Vietnam
Thaiholdings JSC, a Hanoi-headquartered multi-sector investment company, has invested VND600 billion ($25.57 million) in two pig farms in the central province of Thanh Hoa.
The investments in pig raising and breeding are being done in cooperation with two other businesses.
CP Group, GreenFeed, CJ Vina Agri, Cargill and Newhope are big brands in Vietnam's pig raising field. Photo courtesy of Voice of Vietnam.
In October 2021, Thaiholdings had signed a business contract with the Xuan Thien Thanh Hoa 2 JSC to set up a pig farming project in Nguyet An commune, Ngoc Lac district. For this, Thaiholdings chairman Nguyen Duc Thuy would contribute VND300 billion ($12.79 million) and receive 60% of the profit from the project.
The company later signed a contract with Xuan Thien Thanh Hoa 3 JSC to set up a pig breeding project in Kien Tho commune, Ngoc Lac district. Thaiholdings would also contribute VND300 billion and receive 60% of the profit from this project.
In the first half of 2022, Thaiholdings and its member companies carried out a series of transactions to transfer capital for the two projects, according to audited consolidated semi-annual financial statements.
The company recorded a net revenue and after-tax profit of VND2,659 billion ($113.33 million) and VND217 billion ($9.25 million) in the first half of the year, down 14% and 45% year-on-year, respectively.
Thaiholdings is listed on the Ho Chi Minh Stock Exchange as THD. Its share was priced at VND55,300 ($2,36) at the closing session on August 31.
Thaiholdings is the latest major player in Vietnam's pig raising field, which also includes CP Group, GreenFeed, CJ Vina Agri, Cargill, Newhope, Masan, Hoa Phat. Dabaco, BAF, Tan Long, Thien Thuan Tuong, and Mavin.
Agriculture and animal husbandry firm Hoang Anh Gia Lai JSC (HAGL) aims to produce one million pigs under the brand name “Bapi Banana Pigs”, and is looking for partners to expand this business line and that of pork products.
The group launched the “Bapi Banana Pigs” product in March. In the first seven months of the year, it sold 106,000 pigs or about 500 pigs a day, earning VND584 billion ($24.94 million). It expects the number of pigs sold in the second half of the year to double that of the first six-month figure.
Company leaders expect revenues from bananas, pigs and chickens to boost large cash flows for HAGL to repay debts and expand its business.
- Related News
- Read More
From transparent technology to humanitarian values: The story of Vietnam’s first charity platform
Launched in 2021 under the direction of the Ministry of Science and Technology, in coordination with the Vietnam Red Cross Society and other socio-political organizations, a platform named “thiennguyen” (charity) developed by MBBank has paved a new path for community philanthropy in the digital era.
Companies - Wed, September 10, 2025 | 8:41 am GMT+7
Increased foreign capital flows, long-term opportunities for Vietnam's retail-consumer goods industry
Vietnam’s conglomerate Masan Group (HoSE: MSN), with a market capitalization of nearly $4.8 billion, high liquidity, ample foreign ownership room, and a solid business foundation, is expected to be a top pick for foreign investors.
Companies - Wed, September 10, 2025 | 8:00 am GMT+7
Vietnam’s pepper exports surpass $1 bln in 8 months
Vietnam’s pepper industry recorded export revenue of more than $1 billion in the first eight months of 2025, the highest level for the period in seven years, according to the Vietnam Pepper and Spice Association (VPSA).
Companies - Tue, September 9, 2025 | 11:13 pm GMT+7
Indonesia, EU to sign CEPA after decade of negotiations
The Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is set to be signed on September 23 after a decade of negotiations, according to Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto.
Southeast Asia - Tue, September 9, 2025 | 10:07 pm GMT+7
Vietnam lifts asset freeze on ex-FLC chairman Trinh Van Quyet
Authorities in Vietnam’s central province of Khanh Hoa are moving to lift restrictions on asset transactions and transfers linked to Trinh Van Quyet, former chairman of property developer FLC Group, the provincial Department of Justice said on Tuesday.
Economy - Tue, September 9, 2025 | 9:26 pm GMT+7
Abbott-backed medical firm Domesco to pay 25% cash dividend
Domesco Medical Import Export JSC (HoSE: DMC) will distribute a 25% cash dividend for 2024, equivalent to VND2,500 (9.5 U.S. cents) per share.
Companies - Tue, September 9, 2025 | 8:39 pm GMT+7
Vietnam’s finance ministry proposes raising personal deduction to $588 per month
Vietnam’s Ministry of Finance has proposed raising the personal income tax deduction to VND15.5 million ($588) per month and the dependent deduction to VND6.2 million ($235).
Economy - Tue, September 9, 2025 | 4:09 pm GMT+7
PM requests prompt finalization of feasibility study for Lao Cai-Hanoi-Hai Phong railway project
Prime Minister Pham Minh Chinh on Sunday evening chaired a high-level meeting with key ministries and agencies to accelerate the implementation of the Lao Cai-Hanoi-Hai Phong railway project, during which he stressed the need for prompt completion of the project’s feasibility study.
Economy - Tue, September 9, 2025 | 3:06 pm GMT+7
WB, ADB to provide over $12 bln to green projects in ASEAN
The World Bank has allocated $2.5 billion, while the Asian Development Bank has set aside $10 billion to support green projects in ASEAN, said Malaysian Deputy Prime Minister Datuk Seri Fadillah Yusof.
Southeast Asia - Tue, September 9, 2025 | 3:01 pm GMT+7
Central Vietnam province seeks investors for $42 mln wind power project
Vietnam’s central province of Quang Tri is seeking investors for the Hung Bac wind power project, with total investment estimated at VND1.1 trillion ($41.69 million), according to the provincial People’s Committee.
Energy - Tue, September 9, 2025 | 2:56 pm GMT+7
Vietnam's leading conglomerate Vingroup sues 68 entities, individuals for false information
Vingroup JSC (HoSE: VIC) on Monday reported to authorities, notified foreign embassies, and filed civil lawsuits against 68 organizations and individuals at home and abroad for spreading false information about the corporation online.
Companies - Tue, September 9, 2025 | 10:45 am GMT+7
Warburg Pincus unit, Masterise eye $739 mln expressway to Vietnam’s mega airport
A subsidiary of U.S. private equity firm Warburg Pincus and Vietnamese developer Masterise Group have separately proposed building an over VND19.52 trillion ($739 million) expressway connecting a major tourism area to the under-construction Long Thanh International Airport in the southern region.
Infrastructure - Tue, September 9, 2025 | 8:00 am GMT+7
Hoa Binh Construction wins $5 bln contract for mega urban project in southern Vietnam
Vietnam's leading contractor Hoa Binh Construction Group has secured a contract to build the first phase of a mega urban area project in Vietnam’s southern metropolis of Ho Chi Minh City.
Real Estate - Mon, September 8, 2025 | 9:22 pm GMT+7
Vietnam's monetary policy remains accommodative: WB
Vietnam's monetary policy has remained accommodative, as State Bank of Vietnam (SBV) interventions contained foreign exchange pressures and increased credit growth, the World Bank Group said in its country economic update.
Economy - Mon, September 8, 2025 | 7:46 pm GMT+7
Property, technology, energy among sectors recording highest M&A activity in Vietnam
Vietnam’s M&A landscape in July recorded 34 completed transactions with the total disclosed and estimated deal value of $786 million, according to Grant Thornton Vietnam.
Economy - Mon, September 8, 2025 | 3:49 pm GMT+7
Vietnam's Van Thinh Phat-tied firm incurs $14 mln loss in H1 as legal woes persist
Bong Sen Corp, the hotel and property arm of troubled Van Thinh Phat Group, posted a net loss of nearly VND356 billion ($14 million) in the first half of 2025, its filing to the Hanoi Stock Exchange (HNX) showed.
Companies - Mon, September 8, 2025 | 3:24 pm GMT+7
