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At the 2026 annual general meeting of shareholders, BAF Vietnam outlined its development roadmap for 2026-2030, centered on technology solutions, measures to respond to market volatility, and plans to raise capital for a 12-trillion-dong high-tech farming complex.
In Q1 2026, BAF Vietnam reported revenue of about 1,700 billion dong and pretax profit of about 210 billion dong, up 51% and 49% year-on-year, respectively. The company attributed the results to sales of nearly 240,000 pigs as live hog prices recovered to an average of 62,000 dong per kg.
BAF said Q1 results exceeded its targets, creating favorable momentum for subsequent quarters, supported by tight market supply.
For the long-term target of 10 million pigs by 2030, management said execution would rely on technology-enabled high-rise farming in partnership with Muyuan.
“We transfer advanced farming technology, tall-tier farms with air filtration and deodorization; you can stand roughly 10-15 meters from a model farm and not smell any odor.”
The company added that environmental technology is intended to help secure local government support for large-scale production complexes.
BAF stated that financing for the 12 trillion-dong project is no longer a barrier, citing strong interest from international institutions. In addition to the IFC, the Dutch development bank FMO is expected to contribute about 50 million USD to support the company’s sustainable development roadmap.
BAF said shifting to foreign capital at favorable rates will help optimize financing costs amid the capital-intensive nature of infrastructure investment.
In distribution, BAF is expanding the anfarm brand across the value chain, from genetics to table, leveraging its control of the full 3F value chain.
The company said the brand is positioned to compete with other chilled-meat brands through absolute quality control and source tracing. The system currently has over 800 points, with a target to reach 2,000 by the end of 2026 and 20,000 by 2030.
BAF also said operating the retail network directly can save 10-12% of intermediary costs, helping reduce consumer prices.
BAF said it is digitalizing farms and implementing a circular ESG economy by using processed wastewater as fertilizer for nearby raw-material zones.
On governance and operations, the company said it uses AI to monitor pig weight and detect oinking to identify early disease. It also cited collaboration with Phenikaa to deploy robots for cleaning stalls and transporting feed, aimed at addressing skilled-labor shortages and reducing cross-contamination risks.
The AGM approved revenue of 8,431 billion dong and net profit of 793 billion dong for 2026.
Shareholders also approved a 20% profit-distribution plan, including cash dividends and bonus shares, along with an 8-million-ESOP issuance to raise charter capital above 3,700 billion dong.
On the investment side, the meeting approved raising 1,200 billion dong from convertible bonds with 10% interest per year, and a 2026 cash dividend of up to 10%.
In personnel matters, Mr. Nguyen Van Phu was elected to the board for 2026-2031, and Ms. Bui Huong Giang was reappointed to the leadership.
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