BAF VIET NAM AGRICULTURE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NÔNG NGHIỆP BAF VIỆT NAM) is a publicly listed enterprise on the Ho Chi Minh Stock Exchange under the stock symbol BAF. Founded in 2017 and headquartered in Thu Duc City, Ho Chi Minh, the company has grown into a leading name in Vietnam’s livestock and agricultural sector. Its main activities revolve around pig farming, pork trading, and the production of agricultural goods used in animal feed. With a workforce of nearly 1,900 employees and a well-structured network of branches across Nghe An, Hanoi, and Dong Nai, BAF demonstrates strong operational capacity and nationwide reach.

The company operates under a joint stock structure and maintains high levels of transparency through its public listing and periodic financial reporting. Its ownership is a blend of institutional and executive stakeholders, with SIBA Holdings Joint Stock Company holding 40.03% and General Director Bui Huong Giang personally owning 3.34%, while the remaining 56.63% is held by other shareholders. This balance of corporate and public ownership lends governance stability and credibility in capital markets.

BAF’s 2024 financial results marked a significant recovery following a challenging 2023. The company’s total assets rose to over USD 306 million, up 14.28% from the previous year, while equity jumped by 54.08%, signaling strengthened investor confidence. Revenue increased modestly to USD 228 million, but the most impressive figure was the net profit of USD 13.3 million, a dramatic rebound from the previous year’s subdued performance. This recovery reflects better margin management, increased scale in livestock operations, and possibly improved market conditions in Vietnam’s pork industry.

Despite these gains, BAF has not been without volatility. In 2023, profit declined by nearly 90%, highlighting the company’s vulnerability to fluctuations in agricultural prices, disease control costs, and feed prices. Nevertheless, its rapid turnaround in 2024 suggests agility in financial and operational management. The agricultural sector remains prone to external pressures, including supply chain disruptions, environmental regulations, and animal health risks, all of which require careful oversight and contingency planning.

BAF’s leadership, particularly Chairman Truong Sy Ba and General Director Bui Huong Giang, appears to have navigated these pressures effectively. Their ability to steer the company toward profit recovery in a relatively short span is a testament to strategic discipline and internal restructuring. Furthermore, with public trading status on HOSE, BAF is held to higher standards of transparency and accountability, which is a strong advantage in gaining investor and partner trust.

For institutions, vendors, or potential joint venture partners, BAF represents a high-potential but actively evolving business. While its core sector is inherently exposed to risk, the company’s performance in 2024 has reaffirmed its resilience. Stakeholders considering collaboration should ensure ongoing financial and legal verification. VANGUARD BUSINESS INFORMATION LLC (VBI) provides independent due diligence, credit analysis, and litigation checks on BAF VIET NAM AGRICULTURE JOINT STOCK COMPANY and other major players in Vietnam’s agribusiness landscape.