September 19, 2024

 

BAF Vietnam partners with China's Muyuan Foods on AI integration for livestock farming

BAF Vietnam Agricultural JSC has entered into a strategic partnership with China's Muyuan Foods to advance technology transfer and the application of artificial intelligence (AI) throughout the livestock production chain, The Investor reported.

 

At the partnership's launch ceremony held in Ho Chi Minh city, Truong Sy Ba, chairman of BAF Vietnam Agricultural JSC, highlighted that this collaboration would accelerate the company's goal of becoming a leading livestock enterprise in Vietnam by 2030. He stated that the partnership is a significant step towards enhancing the company's commercial value and brand recognition both domestically and globally.

 

Truong Sy Ba said that Muyuan, with more than 30 years of experience in the livestock industry, is a key player both within and outside China.

 

"Today's agreement marks the culmination of previous collaborative efforts between BAF and Muyuan. It signifies the start of a new phase where we aim to transfer technology related to housing, biosecurity, and environmental solutions. We are also looking to expand cooperation into other areas, promoting modern and innovative growth in the livestock sector," Ba said.

 

The agreement covers technology transfer for housing equipment for cattle and the implementation of AI throughout the livestock chain to ensure biosecurity and environmental sustainability.

 

The integration of advanced technologies, automation, and digital transformation in livestock farming is expected to boost production efficiency, optimise resources, and meet global standards for biosecurity and environmental protection.

 

Gao Tong, chief financial officer of Muyuan Group, expressed confidence in supporting BAF's expansion plans.

 

"Muyuan is committed to helping BAF achieve its goal of establishing 100 farms with 450,000 sows and 10 million pigs by 2030. Through this partnership, we aim to provide Vietnamese consumers with clean, fresh, and safe food while promoting growth in Vietnam's swine farming industry. We also seek to create a greener, healthier environment and contribute to societal prosperity," Gao said.

 

Founded in 1992, Muyuan operates a closed-loop farming chain that includes animal feed processing, swine farming, slaughtering, and pork processing. Its operations in China span 25 provinces and 108 cities, employing approximately 140,000 workers.

 

In 2014, four years after receiving funding from the International Finance Corporation (IFC), Muyuan's shares began trading on the Shenzhen Stock Exchange. By 2019, the company had become the second-largest pork producer in China, following Wens Foodstuff Group.

 

The African swine fever outbreak in 2020 led to a sharp increase in global pork prices, resulting in a 1,413% rise in Muyuan's profits in the first nine months of that year. This financial gain enabled the company to invest in a new generation of large-scale farms.

 

In 2021, Muyuan became the world's leading sow breeding and production company, operating 1,125 breeding farms and 10 slaughterhouses, and ranking first globally in swine slaughter volume.

 

-      The Investor