Agribank Tay Ho is selecting an organization to auction a series of collateral assets of large enterprises in the field of pig and sow farming in Hoa Binh City, Hoa Binh Province.

The first asset is the land use right and assets attached to the land in Bu Cham hamlet, Thinh Minh commune, Hoa Binh city, Hoa Binh province, an area of ​​23,000 m2 of agricultural land, according to the land use right certificate issued to Mr. Le Xuan Hoang.

This is the land where the enterprise built a closed-loop pig and sow farm. The farm includes 8 pig pens with a total area of ​​nearly 7,500m2, a 95m2 warehouse, a 465m2 worker housing area and a 228m2 security and disinfection house.

The second asset is the right to use production forest land with an area of ​​over 22,900m2. And the third asset is the right to use 9,886m2 of production forest land. These assets are located at the same address in Bu Cham hamlet, Thinh Minh commune, Hoa Binh city; the land use right certificate was granted to Mr. Le Xuan Hoang.

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The sharp drop in live pig prices has caused difficulties for livestock businesses. (Photo: Vissan).

Also at Agribank, the bank is selling the debt of another pig farming enterprise, An Dai Viet JSC. The debt value as of April 30, 2023 is 36.5 billion VND (of which the principal debt is 21.9 billion VND). An Dai Viet borrowed from Agribank Ho Chi Minh City Branch in 2013. The starting auction debt is 22 billion VND, expected to take place on January 5.

Notably, the legal documents of this debt include a property mortgage contract between Agribank Ho Chi Minh City Branch and Livestock Breeding and Materials Company, An Dai Viet Joint Stock Company; a property mortgage contract with a third party between Agribank Ho Chi Minh City Branch and Ms. Dang Thi Thuy Ngan and TCP An Dai Viet.

These contracts are not notarized, and the secured transactions are not registered.

An Dai Viet is a business operating in the field of pig and breeding pig farming, established in 2005 in Ho Chi Minh City, with Ms. Dang Thi Thuy Ngan as director.

Recently, pork prices have been continuously low, many times below production costs, causing difficulties for livestock businesses.

The “big guys” in the industry are also facing difficulties. For example, Dabaco Vietnam Group Joint Stock Company achieved revenue of VND 2,709 billion in the third quarter of 2023, down 24% compared to the same period last year. Profit after tax was only VND 12 billion, down sharply by 96% compared to the same quarter of 2022.

In the third quarter of 2023, BaF Vietnam Agriculture Joint Stock Company recorded revenue of nearly VND 1,219 billion, down 36.5% over the same period and profit after tax of more than VND 40 billion, down 74.6% over the same period last year.

Vissan Livestock Industry Corporation's revenue in the third quarter of 2023 reached only VND 823 billion, down 13% over the same period last year, after-tax profit reached more than VND 25 billion, down more than 19.3%.

No business or farmer boasts of profits: The sadness of pig farming in 2023 The total herd increased to 30.3 million pigs, but 2023 is a sad year for the pig farming industry when no business or farmer boasts of profits.