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New Hope: Improving Livestock Business Models within and across Borders

新希望六和：优化海内外养殖发展模式

By Asian Development Bank

July 2^nd, 2025

Pork is traditionally a popular meat for animal protein in the People's Republic of China (PRC) and it accounts for 60% of meat consumed. Between 2010 and 2019, the PRC annually consumed 55 million tons of pork, or 52% of all pork consumed worldwide.

在中华人民共和国（中国），猪肉是传统的动物蛋白主要来源之一，占肉类消费总量的60%。2010年至2019年间，中国人每年大约吃掉5,500万吨猪肉，占全世界猪肉消费总量的52%。

New Hope: Improving Livestock Business Models within and across Borders

New Hope Liuhe Co., Ltd (New Hope) is a leading livestock enterprise in the PRC, specializing in feed production, livestock farming as well as meat processing. Its partnership with the Asian Development Bank (ADB) is focused on sustainable agribusiness and environmental protection; to date, ADB has disbursed a total of $60 million equivalent in loans and mobilized co-financing of $35 million to New Hope and its subsidiaries.

新希望六和股份有限公司（新希望）是中国农牧食品行业领军企业，业务聚焦饲料生产、畜禽养殖和肉类加工。亚洲开发银行（亚行）与该公司携手合作，致力于发展可持续综合农牧业务和推动环境保护。截至目前，亚行已向新希望及其子公司投放总计6,000万美元等值贷款，还动员了3,500万美元等值联合融资。

Promoting circular agriculture and improving the whole industrial chain

Xiangzhou, Guangxi Zhuang Autonomous Region, is close to the Greater Bay area – one of its key target markets, which includes Guangdong province, Hong Kong, China and Macao. Although Xiangzhou is heavily agriculture-focused, producing rice, sugarcane, and fruit, its livestock farming is underdeveloped.

ADB’s first project with New Hope, approved in 2019, focused on enhancing efficiency in hog farming, promoting inclusive business models, and mitigating climate change by adopting waste management systems. This included the construction of a sustainable hog farm in Xiangzhou, which could produce 360,000 hogs annually. The new farm also offered high-quality water and fertilizer resources for crops, while fulfilling a market demand.

推动循环农业，完善全产业链

广西壮族自治区象州县毗邻粤港澳大湾区——该地区是其重点目标市场之一，包括广东省、中国香港和澳门。象州是农业大县，农作物以水稻、甘蔗和水果为主，畜牧业却相对薄弱。

亚行于2019年11月批准了综合可持续畜牧业价值链项目，标志着与新希望合作的开始。这是亚行首次向中国农业综合企业提供援助，目的是提升生猪养殖的资源利用效率，推广包容性业务模式，通过粪污处理系统减缓气候变化。贷款资金投向包括在象州县建设一家年产36万头生猪的养殖场。这家新建的养猪场在满足市场需求的同时，还能给其他农作物提供优质的水肥资源。

Good Agriculture Practices

African swine fever is the number one killer in hog farms. Currently, there is no effective vaccine or drug. Biosafety is workable in keeping African swine fever at bay by establishing a sound biosafety concept and management system.

推广良好农业规范

非洲猪瘟是养猪场面临的头号威胁，目前尚无有效的疫苗或药物。通过深植生物安全理念并建立一套完善的管理体系，实施生物安全措施是防控非洲猪瘟的可行途径。

Contributing to a Circular Economy

In 2023, Xiangzhou County constructed demonstration bases for intelligent water-fertilizer coupling technology in 10,000 mu of sugarcane fields. Biogas slurry from three farms operated by New Hope was transported as organic fertilizer to surrounding sugarcane fields via a pipeline network, which was digitally tracked.

As of the end of 2024, at least 30% of the fertilizer applied in the demonstration bases was replaced by manure– organic fertilizer. Xiangzhou County used 728,500 tons of livestock and poultry manure, about 91% of the total manure.

促进循环经济发展

2023年，象州县重点建设万亩甘蔗种植智能水肥一体化示范基地，将象州新好农牧有限公司三家养殖场已处理达到排放标准的沼液，通过还田管网运输到周边的甘蔗地，灌溉与施肥融为一体，实现全程数字化智能控制。

截至2024年末，象州县示范基地粪肥替代化肥比例超30%，畜禽粪污综合利用总量达72.85万吨，粪污资源化利用率提高至91.0%。

It is also increasing production. Wei Feng, a 55-year-old large sugarcane grower in Xiangzhou, is already seeing the impact. “This year, I planted over 1,000 mu of sugarcane,” he said. “I used New Hope’s water-fertilizer coupling technology, significantly improving the growth of my sugarcane. My yield is expected to increase by 20%. The water-fertilizer coupling technology also saves me 200 yuan per mu on fertilizer costs, reducing my overall planting expenses.”

这也提高了产量。象州55岁的甘蔗种植大户冯威已经初见成效。他介绍说：“今年我种植了1,000多亩甘蔗，全部采用了水肥一体化技术。甘蔗的长势非常好，产量有望增加20%。采用水肥一体化技术还减少了每亩购买肥料的资金投入200元左右，为我种植甘蔗节省了成本。”

Sugarcane farmer Wei Feng uses New Hope’s water-fertilizer coupling system. 甘蔗种植户冯威采用了新希望的水肥一体化技术。

With his mobile phone, Wei Feng can control water and fertilizer in his sugarcane fields based on weather conditions and crop growth. 冯威在甘蔗地里根据当天的气候和甘蔗的长势，用手机就可精准控制甘蔗田的用水施肥。

Fengjuan Wei, Wei Feng’s partner checks water pipe connections in the sugarcane field where water-fertilizer coupling technology is applied. 与冯威共同承包甘蔗田的韦风娟在水肥一体化甘蔗地里查看水管连接情况。

The New Hope Xiangzhou subproject has also created close-to-home jobs for nearly 200 locals, with an annual salary exceeding CNY60,000, compared to CNY48,000 on average in the county.

新希望象州子项目还为当地近200名居民提供了家门口的就业机会，总体人均年薪超过6万元，远高于该县4.8万元的平均水平。

Jinling Yi (right), working with her colleague at New Hope Xiangzhou Xinhao Agriculture and Animal Husbandry Co., Ltd. 新希望象州新好农牧有限公司员工易金玲（右）与同事在工作中。

Expanding into new markets

Ho Chi Minh City is the largest city in Viet Nam and the center of economy, culture, technology, tourism and international trade.

Viet Nam’s rapid growth is correlated with a growing demand for meat, while the national government is placing greater emphasis on environmental protection.

开拓新市场

胡志明市是越南最大的城市，也是经济，文化、科技、旅游和国际贸易中心。

随着经济社会快速发展，越南人对肉类的需求逐年上升。与此同时，越南政府越来越重视环保。

A street in the morning’s rush hours in Ho Chi Minh City. 胡志明市早高峰街景

A busy morning market with pork stall in Ho Chi Minh City. 胡志明市繁忙早市上的猪肉摊

Viet Nam, like the PRC, is also a major consumer of pork, accounting for 60% of meat consumption. The per capita annual consumption is approximately 30 kilograms – accounting for 40 million pigs each year.

In 2020, ADB launched the New Hope COVID-19 Working Capital Support Project to fund the company’s working capital needs and COVID-19 response in eight countries in South and Southeast Asia, including the Binh Phuoc hog farm in Viet Nam. The project preserved workers' and farmers livelihoods and ensured food security.

The Binh Phuoc hog farm provides Vietnamese contract farmers with piglets, feed and veterinary medicine, and re-purchases the hogs for market sale, offering guidance throughout the farming process. The farm can supply up to 450,000 hogs to the Vietnamese market annually. Viet Nam is New Hope’s first hog business overseas.

越南与中国类似，也是猪肉消费大国。猪肉占到肉类消费的60%，人均年消耗达30公斤左右，全国年消耗4,000万头猪。

2020年，亚行启动新希望抗疫流动资金支持项目，助力满足公司在南亚和东南亚八国对运营费用和抗疫流动资金的需求，其中包括对新希望位于越南平福的生猪养殖场的支持。该项目保障了工人和农民的生计，同时确保了粮食安全。

平福生猪养殖场为越南代养户提供苗种、饲料、兽药，并负责回收上市，在养殖全程给予专业指导。每年最多可为越南市场提供45万头生猪，越南也成为新希望在海外开展生猪养殖业务的首个国家。

Bird’s eye view of New Hope hog farm in Binh Phuoc, Viet Nam. 鸟瞰新希望越南平福省生猪养殖场

Feed production workshop of New Hope Binh Phuoc hog farm. 新希望越南平福生猪养殖场饲料车间

ADB’s investment specialist (right) visiting the feed production workshop of New Hope Binh Phuoc hog farm. 亚行投资专家（右）在新希望平福生猪养殖场饲料车间了解生产情况。

Female laboratory technicians are testing the quality of feed at the feed factory. 饲料车间女化验员正在检测饲料质量。

Minh Kỳ Phạm, 53 years old, a livestock farmer in Binh Phuoc Province, Viet Nam, constructed a hog farm with a capacity of 5,000 heads and has been engaged in contract farming with New Hope since 2020.

Mr. Phạm especially appreciates New Hope’s real-time monitoring system to prevent swine fever and other infectious diseases. This removes burdens of potential risks from his shoulder.

越南平福省养殖户 53岁的范明崎，2020年起与新希望合作代养，投资建设了5,000头规模的养猪场。

范先生尤其感谢新希望的实时监测系统，有助于防控猪瘟等传染病。这极大降低了养殖户的风险。

Benefiting other agriculture

The integrated Binh Phuoc hog farm replicated innovations from the PRC to ensure that the feed provides comprehensive and balanced nutritional support. It also maintains strict quality controls for raw materials and their management.

惠及农业其他领域

平福的一体化生猪养殖场复制推广中国的创新经验，确保饲料能够提供全面均衡的营养支持，并对原材料及其管理实行严格的质量控制。

Xiangjun Zhang, Deputy General Manager of the Overseas Pig Industry Division of New Hope, has been working in Viet Nam for more than 10 years.

Xiangjun Zhang said, “We chose to build a factory in Binh Phuoc for the province’s sound infrastructure, including roads and water and power supply networks. It is only a 2-3 hour drive to the target markets in Ho Chi Minh City. More importantly, the local area has high-quality human resources.”

新希望猪产业海外区副总经理张向军，已在越南工作生活十几年。

张向军表示：“我们选择在平福地区建厂的主要原因是这里具备完善的基础设施，包括道路和水电供应。当地距离胡志明市及周边地区的目标市场仅2～3个小时的车程。更重要的是，当地有好的人力资源，能够满足公司的发展需求。”

Investing human capital

New Hope committed to training local young talent. It has partnerships with several universities, including Bacgiang Agriculture and Forestry University, Ho Chi Minh City University of Education and Ho Chi Minh City University of Agriculture and Forestry, with educational and employment support as well as the establishment of animal protection laboratories.

Out of 216 staff in his factory, at least 90% are Vietnamese, including 60 female staff. Chinese and Vietnamese staff learn from each other.

开展人力资本投资

新希望在越南的发展，始终坚持“国际化、本土化、专业化、年轻化”的人才战略。越南片区已与北江农林大学、胡志明师范大学、胡志明农林大学等高校开展了助学、就业、共建动物保护实验室等深入合作。

目前猪场有216名员工，越南籍员工至少占到90%，其中有女工60名。中越员工相互学习、相互融合。

ADB’s Investment Specialist Wei Wang, who worked on New Hope’s venture, valued the support for a more sustainable agribusiness sector. “New Hope was selected as a leading integrated agribusiness enterprise with a global expansion strategy. Its commitment to integrating the livestock value chain and enhancing food safety from farms to forks closely aligns with ADB’s initiatives. Additionally, the company’s dedication to promoting best practice in environmental and social safeguards, climate change mitigation, and gender equality further positions itself as an ideal partner for ADB.”

负责新希望项目的亚行投资专家王巍高度评价了该项目对推动农业综合企业可持续发展的支持。她表示：“亚行与新希望进行合作，首先看中它综合性农牧企业的领先地位和全球扩张战略。新希望致力于整合农牧业价值链和加强‘从农场到餐桌’的食品安全，这与亚行的相关倡议高度契合。其次，新希望专注倡导环境和社会保障、减缓气候变化和促进性别平等的最佳实践，符合亚行对理想合作伙伴的判断。”

Footnotes

Text by Kan Lei and Photos by Deng Jia

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FootNotes

Text by Kan Lei and Photos by Deng Jia