THE CRUCIAL ROLE OF HIGH-TECH AGRICULTURE
Agriculture is considered the “backbone” of Vietnam’s economy, strongly influencing the country’s stability and development. In 2023, the agricultural sector achieved the highest GDP growth rate in many years (reaching 3.83%).
However, there are still many shortcomings in Vietnam’s agricultural development. The increase in agricultural produce is low, the production process consumes a lot of resources, and competitiveness is weak. One of the main reasons for this is the low application of science and technology.
Therefore, promoting the application of technology in agricultural activities will be a solution to optimize resource use, reduce waste and negative impacts on the environment. It will also contribute to enhancing the competitiveness of agricultural products in the international market and promoting economic development, especially in rural areas.
The Top 10 Reputable Companies in the High-Tech Agriculture Industry award is based on scientific and objective principles with three main criteria: (1) Financial capacity reflected in the latest financial report; (2) Media reputation evaluated through Media Coding; (3) Research and stakeholder surveys.
THE STRENGTH OF BAF VIETNAM COMPANY
BaF Vietnam Agricultural Joint Stock Company is an enterprise operating in the livestock sector. With the orientation of building and perfecting the closed-chain model of Feed – Farm – Food, BAF controls the comprehensive quality from input factors such as feed raw materials, breeding stocks, high-tech farms, meat production and processing to output factors such as distribution systems that bring products directly to consumers.
Developing livestock – a key sector of our agriculture – towards enhancing added value, sustainability, and food safety associated with the consumption market and the application of modern technology is also identified as BAF’s key strategy for the present and future.
Currently, BAF is a typical livestock enterprise in deploying the best practices in the industry and internationally recognized food safety standards for the entire supply chain. Specifically:
Owning the first animal feed production line in Vietnam to simultaneously achieve two international certifications: GLOBAL GAP and FSSC 22.000 version 5.0. Not only are these considered the highest standards for quality management in global animal feed production, but they also focus on nutritional indicators, physical raw materials, and the use of environmentally friendly animal feed raw materials.
Building farms that aim to meet the stringent standards set by the International Finance Corporation (IFC) regarding modern technology and equipment and automatic management systems. BAF invests in a wastewater treatment system that meets the highest environmental standards according to Vietnamese law. They also utilize technology for collecting, pressing, and composting to create fertilizer for crop farming, reducing the amount of waste sent to biogas tanks and installing solar energy systems.
In early 2024, BAF had nine farms awarded the GLOBALG.A.P (Good Agricultural Practices) certification – a global standard for safe and sustainable agriculture. The company shared that it would continuously strive to maintain the recognized standards and apply GlobalG.A.P livestock standards to the remaining farms. These activities not only optimize economic efficiency but also help BAF achieve its goals of reducing greenhouse gas emissions and sustainable development.
The company has also officially launched the Enterprise Comprehensive Management Digital Transformation project based on the SAP S/4HANA Cloud platform – a large-scale digital transformation project in the agricultural sector, particularly in livestock farming, in Vietnam.
This comprehensive management solution helps BAF achieve digital information efficiency and access and apply best practices and standard processes specific to the industry, drawing on the management experience of large enterprises in the same industry worldwide.
With the guidance of international organizations, BAF continuously improves its standards in biological safety, animal welfare, and animal health. The company’s development aligns with the world’s inevitable trends and meets market and consumer demands, contributing significantly to local economic development, creating jobs for laborers, and promoting social welfare. It also plays a part in developing the domestic agricultural economy towards integration, modernization, and sustainability.
Deposit Interest Rate Reaches 40.1% by 2023, MB Holds Top Spot in CASA for 2nd Consecutive Year
Thanks to our pioneering efforts in digital banking, 2023 marks the third consecutive year that MB has attracted over 6 million new customers annually, bringing the total number of customers served to 27 million.
Driving Digital Transformation in the HR Industry
Thanks to technology, the labor management tasks, procedures, and administrative processes that used to be done manually will be significantly reduced.
