New Hope Group, the largest Chinese feed producer, said on April 25 that it intended to build three pig farms in neighboring Vietnam, despite the rapid spread of the deadly disease of pigs in Southeast Asia.

According to the New Hope Group, farms located in the provinces of Thanh Hoa, Bin Phuok and Bin Ding will produce 930,000 heads of pigs per year, and construction is planned to be completed by 2021.

New investments will expand New Hope Group's presence in Southeast Asia thanks to the existing eight feed companies in Vietnam, which sold more than 700,000 tons of feed in 2018.

The company said the largest pig and feed producer, which has signed an agreement with the Vietnamese authorities, has invested more than 1.1 billion yuan (US $ 163.51 million) in Vietnamese pig farms, waiting for new opportunities from modernizing the pig industry in Vietnam.

It should be noted that the company made this decision, despite the spread of African swine fever in 17 provinces of northern Vietnam.

The company's annual report states that the 2018 New Hope Group sold 2.55 million pigs and 17.04 million tons of feed and is one of the three leaders in the production of pig farmers in China and the annual slaughter of pigs is 25 million heads.