Young farmer earns billions of VND a year from rabbit exports to Japan

After many years raising rabbits, Do Quoc Toan, a farmer in Dan Phuong district in Hanoi, has reaped fruit. His rabbit farm brings revenue of over VND1 billion a year.

Young farmer earns billions of VND a year from rabbit exports to Japan

Toan works at his rabbit farm all day and only uses family workers and does not have to hire workers.

Toan has a bachelor’s degree in accountancy from the Hanoi Trade University. Soon after graduation, he got a job at a state agency, which was a dream of many young people.

However, Toan found the working environment restrained, which did not fit him. He wanted to work in a dynamic environment. In 2000, Toan decided to give up the job and started doing petty trade to accumulate money for bigger projects.

In 2016, he returned to his home village, and spent the money he saved on agricultural production.

Raising rabbits was not done by anyone in the area, but Toan decided to raise rabbits after he received advice from friends, and read information about the demand from the Japanese market.

In 2017, he began raising 1,000 female breeding rabbits and adult rabbits on an area of 200 square meters.

Lacking knowledge, Toan had to learn from farmers in other regions. But he incurred big losses as hundreds of rabbits died because of mistakes in farming.

 

“The cages were designed very simply, made manually. Two or three of us worked from early in the morning until late afternoon. Only since late 2018, when I bought some machines, has the workload eased,” he said.

Toan had a very tough time selling rabbit meat. He was refused in the domestic market, but he could not contact Japanese importers. Most of the meat was sold to restaurants and merchants at VND65,000 per kilogram. But the prices and market demand fluctuated all the time, thus causing constant anxiety.

Fortunately, in 2019, he was able to contact a Japanese company which was collecting rabbit meat. He began expanding his herd of rabbits by twofold and enlarged his farm to 900 square meters with 3,000 rabbits.

After many failures, Toan now has achieved a high success rate of 95 percent.

Toan said he sells 800 rabbits to the Japanese partner each month that serves research and medicine production. However, the exports have halved in recent months because of Covid-19. 

Nhat Thanh

Hoi An farmers earn high income from buffalo tour

Hoi An farmers earn high income from buffalo tour

One of the entertainment services travelers enjoy in Hoi An is riding buffalos and learning to farm. The special tours allow local farmers to earn big money.

Using technology, farmers no longer need produce 'rescue' campaigns

Using technology, farmers no longer need produce 'rescue' campaigns

Vietnamese farmers often call on consumers to ‘rescue’ farm produce when there is an oversupply and sales are slow. But the use of e-commerce platforms has changed that.

 
 

Other News

.
Bank assets soar as shares are 'hot'
Bank assets soar as shares are 'hot'
BUSINESSicon  07/04/2021 

Encouraged by the prosperity gained in 2020, the biggest commercial banks in Vietnam target making a profit of VND1 billion this year.

Forbes names six Vietnamese billionaires in latest rich list
Forbes names six Vietnamese billionaires in latest rich list
BUSINESSicon  07/04/2021 

Globally-renowned business magazine Forbes has just released its annual list of the world’s billionaires, including six billionaires from Vietnam.

Vietnam will have national portal on product traceability this year
Vietnam will have national portal on product traceability this year
BUSINESSicon  07/04/2021 

A national portal on tracing the origin of products and goods is expected to be put into operation in the fourth quarter of this year, according to the Directorate for Standards, Metrology and Quality (DSMQ).

Foreign investments might flow into Vietnam's stock market from the second half of 2021
Foreign investments might flow into Vietnam's stock market from the second half of 2021
BUSINESSicon  07/04/2021 

Bao Viet Securities Company (BVS) expects Vietnam's stock market might attract up to US$1.4 billion from index tracking funds, if Vietnam is officially upgraded to a secondary emerging market by FTSE.

Airlines await “vaccine passports” for resumption of international flights
Airlines await “vaccine passports” for resumption of international flights
BUSINESSicon  07/04/2021 

Although “vaccine passports” are yet to become official, airlines are nonetheless preparing for the resumption of international flights based on their introduction.

Investors of renewable energy projects to be chosen through bidding
Investors of renewable energy projects to be chosen through bidding
BUSINESSicon  07/04/2021 

Investors of renewable energy development projects will be chosen through competitive tenders and they will set the minimum selling price of the output of their projects.

Thousands of hectares of industrial zones approved in first quarter
Thousands of hectares of industrial zones approved in first quarter
BUSINESSicon  07/04/2021 

Dozens of industrial zone projects in 13 cities and provinces covering have been approved in the first quarter, promising thousands of hectares of new space for investors over the coming years.

HCM City approves 8 projects to boost industry, trading, e-commerce, exports
HCM City approves 8 projects to boost industry, trading, e-commerce, exports
BUSINESSicon  07/04/2021 

The HCM City Department of Industry and Trade said eight key projects have been approved by the city government to promote the industry, trading, e-commerce, and exports and facilitate goods transport.

VIETNAM BUSINESS NEWS APRIL 6
VIETNAM BUSINESS NEWS APRIL 6
BUSINESSicon  06/04/2021 

Vietnamese fruit and vegetable sector targets export revenue of $10 billion

Korean conglomerate buys 16.3 percent stake in Vietnam's largest retailer
Korean conglomerate buys 16.3 percent stake in Vietnam's largest retailer
BUSINESSicon  06/04/2021 

Korean conglomerate SK Group said it will make a strategic investment in VinCommerce, Vietnam’s largest retailer, to tap into the fast-growing e-commerce segment in the Southeast Asian market, reported Yonhap News Agency.

Wind power: investors wait for PM’s decision on Feed-in-Tariff price
Wind power: investors wait for PM’s decision on Feed-in-Tariff price
FEATUREicon  06/04/2021 

The Feed in Tariff (FIT) price of VND2,000 per kwh will expire in seven months, but the price for the next period has not been fixed yet.

Inflation not a source of concern for Vietnam: SSI
Inflation not a source of concern for Vietnam: SSI
BUSINESSicon  06/04/2021 

Vietnam’s consumer price index (CPI) is set to average 2.89% in 2021, below the government’s target of 4%.

Shares gain on bank and real estate stocks
Shares gain on bank and real estate stocks
BUSINESSicon  06/04/2021 

The market closed higher on Monday as a series of banking and real estate stocks surged, propelling the indices.

Vuong leaves Vinmart, Quang takes over
Vuong leaves Vinmart, Quang takes over
BUSINESSicon  05/04/2021 

Billionaire Nguyen Dang Quang will build The CrownX into a $10 billion firm and change the name of VinMart to WinMart, which will follow a new operation model after Vingroup, owned by Pham Nhat Vuong, leaves.

VIETNAM BUSINESS NEWS APRIL 5
VIETNAM BUSINESS NEWS APRIL 5
BUSINESSicon  05/04/2021 

Manufacturing, processing maintains strong growth in Q1

Prices surge on stock market, VN Index reaches record high
Prices surge on stock market, VN Index reaches record high
FEATUREicon  05/04/2021 

Many new investors have made high profits after the stock market reached a record high.

Capital market must work to invigorate SOEs
Capital market must work to invigorate SOEs
BUSINESSicon  05/04/2021 

Developing the capital market will help in promoting State Owned Enterprises (SOEs) to mobilize capital and reduce the proportion of commercial credit loans, and diversify in forms of mobilization to supplement capital.

Vietnam earns $11bil from agricultural exports
Vietnam earns $11bil from agricultural exports
BUSINESSicon  05/04/2021 

In the first quarter, agricultural products such as rubber, tea, vegetables, cassava, shrimp and forestry products earned high export value, bringing total export turnover of agricultural products to nearly US$11 billion.

Field-mouse meat more expensive than pork, wild vegetables pricier than US beef
Field-mouse meat more expensive than pork, wild vegetables pricier than US beef
BUSINESSicon  05/04/2021 

The price of field-mouse meat in the Mekong Delta is now higher than that of pork. And in Hanoi, wild vegetables cost more than imported beef bacon, or 10 times more than chicken.

Bull market might continue this week: experts
Bull market might continue this week: experts
BUSINESSicon  05/04/2021 

Vietnam's stock market recorded a week-long rally with the benchmark breaking through 1,200 points and continuously hitting new highs.

 
 
 
Leave your comment on an article

OR QUICK LOGIN