Illustrative image (Source: Internet) Hanoi (VNA) – Hoa Phat Corporation has announcedthat its Hoa Phat Trading Co., Ltd., under the Hoa Phat AgriculturalDevelopment JSC, will expand the scale of its farms, further study the meatsupply chain and learn about high-quality cow breeds for experimental farmingin Vietnam in 2019.
Accordingly, it strives to post a 12 percent growth in beeftrading and increase the market share of beef imported from Australia to 45 percent.
Last year, the Hoa Phat Trading Co., Ltd., earned a doublerevenue from 2017 and its imported Australian beef made up 42 percent of the marketshare nationwide, placing it as the top supplier of Australian beef after onlythree years of joining the market.
With many self-contained farms across the country, thecompany met nearly half of the domestic demand for beef cattle, surging itsprofit by 176 percent from 2017.
In 2018, it launched a partnership programme on feed forcattle with leading Australian experts to ensure that cows are cared for up tothe best standards. –VNA
Accordingly, it strives to post a 12 percent growth in beeftrading and increase the market share of beef imported from Australia to 45 percent.
Last year, the Hoa Phat Trading Co., Ltd., earned a doublerevenue from 2017 and its imported Australian beef made up 42 percent of the marketshare nationwide, placing it as the top supplier of Australian beef after onlythree years of joining the market.
With many self-contained farms across the country, thecompany met nearly half of the domestic demand for beef cattle, surging itsprofit by 176 percent from 2017.
In 2018, it launched a partnership programme on feed forcattle with leading Australian experts to ensure that cows are cared for up tothe best standards. –VNA
VNA
