On February 26, 2025, BAF Vietnam Agriculture Joint Stock Company (HOSE: BAF) announced the establishment of three subsidiaries to develop Vietnam’s first modern mega livestock farming project. Additionally, BAF announced the acquisition of 100% equity in Xuan Nghi Phat Co., Ltd., marking the 14th company acquired within just over three months following its partnership with Muyuan Group.
Specifically, BAF established three subsidiaries: BAF Tay Ninh 1 High-Tech Livestock Co., Ltd., BAF Tay Ninh 2 High-Tech Livestock Co., Ltd., and BAF Tay Ninh 1 Animal Feed Production Co., Ltd. The total charter capital of these three companies is nearly VND 800 billion.
These entities will develop Vietnam’s first and most modern multi-story pig farm project. With support from Muyuan – one of the world’s leading livestock enterprises – BAF is expediting legal procedures to commence construction this year. This initiative is part of the strategic cooperation agreement between BAF and Muyuan in 2024.
| No. | Company Name | Location | Area | Expected Capacity |
| 1 | BAF Tay Ninh 1 High-Tech Livestock Co., Ltd | Tay Ninh | 1,550 ha | 32,000 sows & 800,000 market pigs |
| 2 | BAF Tay Ninh 2 High-Tech Livestock Co., Ltd | 32,000 sows & 800,000 market pigs | ||
| 3 | BAF Tay Ninh 1 Animal Feed Production Co., Ltd. | 600.000 ton/year |
Located in Tay Ninh province, the 1,550-ha project will be a fully integrated complex, including four buildings that house breeding sows, market pigs, and a feed production plant.
Applying Muyuan’s multi-story livestock farming model, this mega project will feature the most advanced farming technology worldwide. It will have a total farming capacity of 64,000 sows, 1.6 million market pigs, and an animal feed production plant with an annual capacity of 600,000 tons.
14th Farm Acquisition in Just Three Months
On the same day, February 26, 2025, BAF announced the acquisition of 100% equity in Xuan Nghi Phat Co., Ltd., a company with 111 hectares of land bank and a livestock capacity of 7,500 sows. Located in Tay Ninh province, Xuan Nghi Phat has a charter capital of VND 20 billion.
Since partnering with Muyuan, BAF has completed 14 M&A transactions within just over three months. These acquisitions include land, farms, and ongoing legal procedures before construction begins.
The newly acquired farms are expected to commence operations between 2025 and 2026, with an estimated capacity of nearly 71,000 sows and 500,000 market pigs.
Currently, BAF owns over 36 high-tech farms, 9 Global GAP-certified; 2 animal feed with an annual capacity of 460,000 tons, certified by Global GAP and FSSC 22000; 65 SibaFood stores and 350 Meat Shops.
BAF’s total farming scale includes approximately 800,000 pigs, consisting of 70,000 sows and 730,000 market pigs.
BAF’s rapid M&A strategy aligns with its ambition to become Vietnam’s leading livestock company. With Muyuan’s support, BAF aims to sell over 1 million pigs in 2025 and 10 million pigs by 2030.
With live hog prices trading around VND 80,000/kg (the highest in the past three years), this is considered an ideal time for BAF to expand its market share.