return icon Vietnamnet.vn

Animal feed manufacturers run a 3F race

Masan Group created a tripodal position in the 3F (feed, farm, food) race soon after Anco, where Masan holds a 70 percent stake, becoming the strategic shareholder of Vissan, the nation’s leading food supplier.
VietNamNet Bridge - Masan Group created a tripodal position in the 3F (feed, farm, food) race soon after Anco, where Masan holds a 70 percent stake, becoming the strategic shareholder of Vissan, the nation’s leading food supplier.

{keywords}

A report showed that in 2012, CP Vietnam held 18.8 percent of the Vietnamese $6 billion animal feed market share, while Proconco, a joint venture between a Vietnamese company and a French partner held 10.8 percent and Cargill Vietnam 6.7 percent. Greenfeed and Anco held 4.4 percent and 2.2 percent, respectively.

However, the market has been remapped recently, especially after the big changes that occurred in 2015. Masan, through its subsidiary Masan Nutri-Science, has acquired 52 percent of Proconco’s and 70 percent of Anco’s stake.

The animal feed market proves to be so attractive that even Hung Vuong, a seafood company and Hoa Phat, a steel manufacturer, have also jumped into it. 

Analysts, considering the output announced by manufacturers, said that the three leading positions in the market now belong to CP (3.8 million tons, 21 percent of the market share), Masan Nutri-Science (2.5 million tons, 14 percent of the market share), and Greedfeed and Hung Vuong each of which holds 8.3 percent of the market share (1.5 million tons).

They also noted that the positions may change in the future as manufacturers still have been expanding their production by building new workshops or taking over other companies.

They also noted that the positions may change in the future as manufacturers still have been expanding their production by building new workshops or taking over other companies.

Hung Vuong Seafood at its 2016 shareholders’ meeting stated that it would pay higher attention to the animal feed sector this year. 

In 2015, Hung Vuong injected VND600 billion into Viet Thang Company (VTF) to build two aquatic feed factories in Dong Thap province, raising VTF’s production capability to 1.5 million tons a year.

VTF hopes that its capacity would reach 2 million tons a year by the end of the year, which would turn it into the second largest company, just to CP, in Vietnam.

Masan also puts high expectations on the animal feed production. In a press release in April 2015, Danny Le, CEO of Masan Nutri-Science stated that the company plans to acquire 50 percent of the market share in Vietnam.

In 2015, animal protein products helped raise pure revenue sharply of Masan to (VND14.054 trillion out of VND30.628 trillion).

There are 239 animal feed processing factories throughout the country, including 59 foreign invested factories, which put out 60 percent of total animal feed output in Vietnam.

However, only CP, Hung Vuong and Masan in the near future can follow the 3F closed production process.

CP, after 20 years in Vietnam, has one corn processing plant, which provides materials for farming, six animal and poultry feed factories, and three aquatic feed factories with total capacity of 3.8 million tons.


DNSG

MORE NEWS

25 Apple ’s partners have factories set up factories in Vietnam

The number of Apple manufacturing partners setting up their factories in Vietnam has increased to 25 at present, four more than the 2020 figure, the tech giant said in its list of supply partners for the fiscal year 2021.

VIETNAM NEWS HEADLINES OCTOBER 5

Hanoi inaugurates new road tunnel to address traffic congestion

Netlflix asked to remove "Little Women" for distorting history

The request was made by the Authority of Broadcasting and Electronic Information, under the Ministry of Information and Communications, according to Deputy Director General Le Quang Tu Do.

UOB upgrades 2022 growth forecast for Vietnam to 8.2%

Given Vietnam’s strong economic recovery in the third quarter, the Singapore-based United Overseas Bank (UOB) has raised its forecast for the country’s GDP growth this year to 8.2%, from the previous prediction of 7%.

Vietnam rice prices surge on Indian rice export restrictions

Prices of Vietnamese rice surged in the global and domestic markets after India announced restrictions on broken rice exports and a 20% duty on exports of various other types.

Deaths of Adenovirus total nine, infections increase with many severe cases

The child died at the National Children's Hospital on Monday and is not thought to have any health issues but had been treated for the past 50 days and recently needed a ventilator.

VIETNAM BUSINESS NEWS OCTOBER 5

Vietnamese fleet to handle a fifth of exports by 2030: transport ministry

A day in the life of a fisherman in ​​Mong Cai

After Van Don - Mong Cai highway opened for traffic in early September, the border city of Mong Cai became a new tourist attraction.

Vietnamese navy ship arrives at Lumut port, beginning Malaysian visit

Sailing Ship 286-Le Quy Don of the Vietnam Naval Academy and a delegation of the Vietnam People’s Navy arrived at Lumut port in the Malaysian state of Perak on October 4, beginning a visit to Malaysia.

Hanoi, CNN boost tourism promotion cooperation

CNN wishes to resume tourism promotion cooperation with Hanoi, thus contributing to introducing the capital city’s cultural identity and valuable traditions to the world, Senior Vice President of CNN Robert Bradley said.

Vietnam's brand value reaches $431 billion

According to the latest report of the world's leading brand valuation consulting company - Brand Finance, Vietnam's national brand value has increased by 11 percent in 2022, from $388 billion to $431 billion.

Unblocking capital sources for the economy

After the recent increase in credit limit, the State Bank of Vietnam (SBV) has granted 13.6 percent of the total 14 percent credit room in 2022.

Share prices fall, billionaires lose big

Billionaire Tran Dinh Long’s assets have fallen by $1.6 billion this year, while billionaire Pham Nhat Vuong has lost $2 billion.

Video game helps promote Vietnamese culture, tourism

The video game “Lac Viet phieu luu ky” (Lac Viet Adventures) was selected by the Ministry of Foreign Affairs as a promotional product on digital platforms at the Vietnam Days Abroad 2022 in Austria, India, and the Republic of Korea this year.

Over 100 Vietnamese citizens deported from China for illegal stay

106 Vietnamese citizens that stayed illegally in China were returned to Vietnamese authorities at the Ly Van Border Gate in the northern province of Cao Bang on Tuesday.
back_to_top