Profits of agriculture company Hoang Anh Gia Lai (HAGL) surged 25% month-on-month to VND125 billion ($5.34 million) in July.
Its revenues were VND393 billion, most of which came from fruit (VND186 billion) and animal husbandry (VND145 billion).
HAGL's bananas displayed on supermarket shelves.
Growth was mainly driven by surging pig prices. "Our target pig price is VND55,000 a kilogram, and we have been selling at VND68,000 for over a month," HAGL Chairman Doan Nguyen Duc said.
HAGL seeks to diversify its income in the second half this year ahead of harvesting its first 100 tons of durian while launching new pork products.
The agriculture firm reported VND2.26 trillion in revenues and VND657 billion in post-tax profits for the first seven months.
On the stock market HAG of HAGL closed Monday at VND12,350 a share, near its four-month high.
Agriculture sticks to its role as economy’s pedestal
(BGO)- In the first stage of industrialization
and modernization, Bac Giang’s agriculture has gained comprehensive results. In
the master plan of Bac Giang province in the period from 2021 to 2030, with a
vision towards 2050, agriculture continues affirming its role as the economy’s
Free ecotourism site in Bac Giang Agriculture Forestry University lure youngsters
(BGO) - On summer, the BAFU Flower
Garden covering nearly two ha at Bac Giang Agriculture Forestry University
(BAFU) in Viet Yen district is in full blossom with many flowers of rose, sun
flower, lotus and others. It becomes an attractive destination, especially to
youngsters. The garden opens all days in the week to welcome visitors without
Attractive outstanding agriculture products in Bac Giang province
(BGO) – The Farmers’
Association in Bac Giang province on October 11 cooperated with the Department
of Agriculture and Rural Development, Department of Industry and Trade to hold
a meeting to honor the outstanding
agriculture products in Bac Giang province the third time in 2021.
Vietnam calls for more EU investments in agriculture
Minister of Agriculture and Rural Development Le Minh Hoan on October 1 suggested EU firms increase investments in Vietnam’s agriculture, in the direction of high-technology, green standards and environmental sustainability.
Bac Giang resumes agriculture production after pandemic
(BGO) - In the last six months of this year,
agricultural production is forecast to face many difficulties as prices of
materials are on the rise. To solve this problem, Bac Giang province's agricultural
sector is implementing solutions to restore and develop production.