HCM CITY (VNS)— Ba Huan Company Ltd, the biggest egg supplier and price-stabilisation programme participant in HCM City, yesterday announced that it had become the sole Vietnamese company to supply Hy-Line chicken, a high-quality chicken breed from the US.
Although it did not disclose the amount of investment capital, the company said the co-operation between Ba Huan and Hy Line International, a world leader in poultry-layer genetics, would benefit the city's breeding sector and the city's price-stabilisation programme.
The company has already run a trial programme and has achieved initial success, and the products from the new chicken breeds will soon reach the city's supermarkets.
Le Ngoc Dao, deputy director of the city's Department of Industry and Trade, said that local companies in the city's price-stabilisation programme had remained passive in ensuring sources for poultry breeding. Because they had depended on foreign companies that had strengths in raising poultry, local companies had failed to control the price, she said.
The co-operation between Ba Huan and Hy Line International, she said, would open a new page for local companies to develop close production in which a company would take part in all processes, from raising chickens, producing feed, harvesting eggs and selling poultry breeders to farmers.
Such new steps, she said, would play an important role in the city's price stabilisation programme as domestic companies would begin to gain the initiative over their foreign counterparts.
"For many years, Viet Nam faced a shortage of chicken breeds. Meanwhile, development of chicken breeds and their prices have strongly affected the price of eggs in the retail market. That's why we decided to invest and become more active so that we can supply a better price to Vietnamese farmers and customers," said Pham Thi Huan, director of Ba Huan Co Ltd.
Pham Thanh Hung, the company's deputy director, told Viet Nam News that, with such a proactive move, his company would gain higher profits and production as it would help his company save time and money.
Hung, however, declined to predict the level of future profits or production. —VNS