IFC helps GreenFeed Vietnam expand pork production
The International Finance Corporation (IFC) has invested 1 trillion VND (43 million USD) into the GreenFeed Vietnam Corporation to help it expand its pork production activities.
A pig farm of GreenFeed Vietnam. (Photo courtesy of the company)
Hanoi (VNS/VNA) - The International Finance Corporation (IFC) has invested 1trillion VND (43 million USD) into the GreenFeed Vietnam Corporation to help itexpand its pork production activities.
Theinvestment, made through a seven-year bond, will allow the company to increaseits pig breeding and farming capacity by 750,000 pigs by 2023. This translatesto supply of more than 125,000 tonnes of pork every year, which will benefitaround 385,000 additional pork consumers, IFC says in a statement.
Porkis a staple and a vital source of protein for Vietnamese customers, accountingfor up to 70 percent of the total meat consumption in the country. About halfof the nation’s pork is currently supplied by small-scale pig farms with lowbiosecurity standards. Over the past two years, the spread of African SwineFever (ASF) — a fatal and highly contagious viral disease affecting pigsglobally - has dramatically reduced supply, causing a sharp rise in pork pricesin Vietnam.
Livehog prices are now about 50 percent higher than pre-ASF prices, after havingdoubled during 2019–2020.
“IFC’sfinancing will help GreenFeed scale up its pig farming capacity,providing traceable and safe pork to meet the rising demand foranimal-based food in Vietnam,” said the GreenFeed Vietnam Corporation’sChairman Ly Anh Dung.
Establishedin 2003, GreenFeed gradually expanded from animal feed production to pigbreeding, and is now focusing on growing its commercial pig farming operations.The company has demonstrated its strong biosecurity capabilities throughout theASF pandemic, with none of its pig farms being affected by ASF. With IFC’ssupport, the company would also be pioneering improved animal welfareconditions in Vietnam in line with European animal welfare standards, hesaid./.
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A pig farm of GreenFeed Vietnam. (Photo courtesy of the company) 
