A wave of local private investments worth billions of US dollars isexpected to help change Vietnam’s poorly funded agricultural sector,reported the Vietnam Investment Review (VIR).
Senior agriculturalexpert Pham Hoang Ngan told VIR that at least 30 large domesticenterprises were planning to implement major agricultural projects inVietnam in the near future.
“They are working with authorisedagencies for support. A billion-dollar wave of private agriculturalinvestments will hit Vietnam soon,” she said.
These 30 enterprises include big brand names like Vinaseed, TH Group, Trung Nguyen, Vingroup, Viettel, and Minh Phu.
Forexample, a TH Group source told VIR that in addition to its 1.2 billionUSD concentrated dairy cow and fresh milk production project in thecentral province of Nghe An, the group planned to invest over 4 trillionVND (187.8 million USD) into a 3,000 hectares project to raise 20,000dairy cows in the central province of Thanh Hoa. The group is alsoplanning to invest 7.348 trillion VND (345 million USD) into building a3,171ha project to raise 20,000 dairy cows to produce fresh milk in theCentral Highlands province of Lam Dong. In addition, it would invest 13trillion VND (610.32 million USD) into building a 12,000ha project toproduce fresh milk from 72,000 dairy cows in the Central Highlandsprovince of Dak Lak.
The group is also focusing on forestryprojects. It is investing 500 million USD into its May Forestry JointStock Company, with two projects in Nghe An, including a 150-million-USDwood bar plant, with the annual capacity of 8,800 cubic metres, and a350- million-USD MDF wood plank plant, with the annual capacity of400,000 cubic metres. TH has also invested 32 million USD in theproduction of organic vegetables.
In addition to TH, Minh PhuSeafood, which is Vietnam’s largest shrimp exporter, has reported itsplan to the Ministry of Agriculture and Rural Development (MARD) for a10 trillion VND (467.3 million USD) project to raise shrimp and Africancarp nationwide. This project will be deployed in an integratedproduction chain, which involves the participation of millions offarmers. The project plans to produce 140,000 tonnes of shrimp and50,000 tonnes of African carp by 2020, when the total revenue isprojected to hit 2.5 billion USD, and 200,000 tonnes of shrimp and100,000 tonnes of African carp by 2025, when the total revenue isexpected to reach 3.5 billion USD. The project will include theconstruction of sub-projects, including a research institute, a shrimpbreeding centre, animal feed and medicine factories, aquatic productprocessing factories, a logistics and distribution company, and theexpansion of more export markets.
Nafoods Group, which is theworld’s biggest exporter of baby jackfruit and passion fruit products,has also asked the MARD to support its 2.05 trillion VND (96.24 millionUSD) project to build more factories and rent more land. The groupcurrently has a 5ha factory on 900ha of land in Nghe An.
“We wantto expand the area to 5,000ha in Vietnam’s northern region,” said thegroup’s chairman and general director Nguyen Manh Hung. “Some 1.35trillion VND (63.38 million USD) will be for constructing infrastructureand the remaining 700 billion VND (32.86 million USD) will be forcultivation.”
Nguyen The Ha, investment consultant from Bui VanNgo Co. Ltd, said his company would invest 1 trillion VND (46.72 millionUSD) in expanding its existing 1 trillion VND (46.72 million USD)factory to make agricultural machines, starting in 2015. The companywould also need more land.
Additionally, this company wouldimplement a 1-billion-USD project to process high-quality rice in thesouthern province of Long An. The project would include four clusters offactories able to dry 4,000 tonnes of rice per day and husk 800,000tonnes of rice per year.-VNA
Senior agriculturalexpert Pham Hoang Ngan told VIR that at least 30 large domesticenterprises were planning to implement major agricultural projects inVietnam in the near future.
“They are working with authorisedagencies for support. A billion-dollar wave of private agriculturalinvestments will hit Vietnam soon,” she said.
These 30 enterprises include big brand names like Vinaseed, TH Group, Trung Nguyen, Vingroup, Viettel, and Minh Phu.
Forexample, a TH Group source told VIR that in addition to its 1.2 billionUSD concentrated dairy cow and fresh milk production project in thecentral province of Nghe An, the group planned to invest over 4 trillionVND (187.8 million USD) into a 3,000 hectares project to raise 20,000dairy cows in the central province of Thanh Hoa. The group is alsoplanning to invest 7.348 trillion VND (345 million USD) into building a3,171ha project to raise 20,000 dairy cows to produce fresh milk in theCentral Highlands province of Lam Dong. In addition, it would invest 13trillion VND (610.32 million USD) into building a 12,000ha project toproduce fresh milk from 72,000 dairy cows in the Central Highlandsprovince of Dak Lak.
The group is also focusing on forestryprojects. It is investing 500 million USD into its May Forestry JointStock Company, with two projects in Nghe An, including a 150-million-USDwood bar plant, with the annual capacity of 8,800 cubic metres, and a350- million-USD MDF wood plank plant, with the annual capacity of400,000 cubic metres. TH has also invested 32 million USD in theproduction of organic vegetables.
In addition to TH, Minh PhuSeafood, which is Vietnam’s largest shrimp exporter, has reported itsplan to the Ministry of Agriculture and Rural Development (MARD) for a10 trillion VND (467.3 million USD) project to raise shrimp and Africancarp nationwide. This project will be deployed in an integratedproduction chain, which involves the participation of millions offarmers. The project plans to produce 140,000 tonnes of shrimp and50,000 tonnes of African carp by 2020, when the total revenue isprojected to hit 2.5 billion USD, and 200,000 tonnes of shrimp and100,000 tonnes of African carp by 2025, when the total revenue isexpected to reach 3.5 billion USD. The project will include theconstruction of sub-projects, including a research institute, a shrimpbreeding centre, animal feed and medicine factories, aquatic productprocessing factories, a logistics and distribution company, and theexpansion of more export markets.
Nafoods Group, which is theworld’s biggest exporter of baby jackfruit and passion fruit products,has also asked the MARD to support its 2.05 trillion VND (96.24 millionUSD) project to build more factories and rent more land. The groupcurrently has a 5ha factory on 900ha of land in Nghe An.
“We wantto expand the area to 5,000ha in Vietnam’s northern region,” said thegroup’s chairman and general director Nguyen Manh Hung. “Some 1.35trillion VND (63.38 million USD) will be for constructing infrastructureand the remaining 700 billion VND (32.86 million USD) will be forcultivation.”
Nguyen The Ha, investment consultant from Bui VanNgo Co. Ltd, said his company would invest 1 trillion VND (46.72 millionUSD) in expanding its existing 1 trillion VND (46.72 million USD)factory to make agricultural machines, starting in 2015. The companywould also need more land.
Additionally, this company wouldimplement a 1-billion-USD project to process high-quality rice in thesouthern province of Long An. The project would include four clusters offactories able to dry 4,000 tonnes of rice per day and husk 800,000tonnes of rice per year.-VNA
