Avivagen, is pleased to announce the signing of a new distribution agreement with Nong San Viet Co., Ltd (VIET ACC) to support the company’s continued market expansion for its oxidized carotenoid-based feed additive product.
VIET ACC, which was founded in 2005, has established itself as a premier distributor of major feed ingredient and feed additive brands to major producers throughout Vietnam. With a primary focus on poultry and swine, the company is a market leader in premix and feed additive distribution, as well as agricultural commodity trading for livestock and aquaculture.
“Vietnam represents a significant market opportunity for Avivagen, and we’re excited to be working with Viet ACC to better access the largest feed market in Southeast Asia,” says Kym Anthony, Chief Executive Officer, Avivagen. “We’ve seen strong interest from producers across Vietnam since receiving regulatory approval earlier this year and hope to see equally strong results from this new relationship over the coming months and years.”
According to a report by the US Grains Council, Vietnam has the largest feed market in Southeast Asia, with total annual feed consumption of more than 32 MMT in 2020. Furthermore, according to The Grains Council report, Vietnam is a strong growth market that is expected to surpass 35 MMT of feed within the next few years. Swine production dominates the country, accounting for approximately 38 percent of total feed, followed by poultry accounting for 21.6 percent of total feed. (2020).
About Avivagen
Avivagen is a life sciences company focused on developing and commercializing products for livestock, companion animal, and human applications that promote overall health and performance by safely supporting immune function.
