Central province to house major dairy farm network
Construction of a high-quality dairy farm network worth 1.6 trillion VND (73.3 million USD) commenced in Thanh Hoa province on August 10, the biggest agricultural project in the locality so far.
A worker operate a cow milking system (Photo: VNA)
Construction of a high-quality dairy farm network worth 1.6 trillion VND (73.3 million USD) commenced in central Thanh Hoa province on August 10, the biggest agricultural project in the locality so far.
The network of the Vietnam Dairy Products Joint Stock Company (Vinamilk) will group four farms covering a total area of 2,500 hectares in the districts of Ngoc Lac, Tho Xuan, Cam Thuy and Yen Dinh.
Up to 16,000 milk cows imported from Australia and the US will be raised at the facilities with the figure potentially increasing to 24,000 in phase II of the project.
The network is set to apply the world’s most modern dairy farming technology to ensure local environmental hygiene.
Once operational in 2017, the farms are set to produce 36 million litres of milk annually and create jobs for over 1,000 people.
Last year, Vinamilk produced and launched nearly 5 billion dairy products of all kinds into the domestic market.
According to the Nikkei Asian Review, Vinamilk is Vietnam’s biggest dairy company and makes up half the local market share. Its market capitalisation amounts to 5.5 billion USD, ranking second in the country.
It was also one of two Vietnamese firms listed among the top 100 ASEAN enterprises in 2014 by Standard & Poor’s.-VNA
The Vietnam Dairy Products Joint Stock Company (Vinamilk) is one of the five Vietnamese firms named in the Top ASEAN 100, which features the 100 most powerful and influential companies around Asia.
The Vietnam Dairy Products Joint-Stock Co (Vinamilk) will focus on exploiting the Middle East, Africa, Cuba and the US markets as its primary export strategy for the next three years.
The Vietnam Dairy Products Joint Stock Co. (Vinamilk) has received 400 out of a total of 1,000 dairy cows it plans to import from Australia this month.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
A worker operate a cow milking system (Photo: VNA)
