Agricultural firm Hoang Anh Gia Lai produces “unique goods” but lacks efficient distribution, Doan Nguyen Duc, its chairman, told shareholders Friday.
At the annual general meeting, many shareholders complained that they hardly saw the company’s pork in the market though it sold 300,000 banana-fed pigs last year.
The company grows bananas for export, and fruits that do not meet quality standards are not thrown away but instead dried, ground and mixed with corn, soybean, vitamins, and herbs to feed pigs it raises for meat.
Duc said distribution has not been smooth, and so the management of Bapi Hoang Anh Gia Lai Joint Stock Company, which manages cultivation and animal husbandry, has been replaced and good partners have been signed up to take the pork to the market.
The company targets revenues of VND5.12 trillion (US$216.9 million) and profits of VND1.13 trillion this year, up 0.2% and 0.4% from last year.
It would continue to focus on growing bananas and durian and breeding pigs.
It has 1,000 hectares of durian, whose harvest will start in 2024.
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