Vinamilk to spend over 170 mln USD on hi-tech dairy farm in Can Tho
Vinamilk, Vietnam’s largest dairy producer, will plashed out some 4 trillion VND (171.3 million USD) to develop a 6,000-ha complex of hi-tech dairy farms in the Mekong Delta city of Can Tho under a newly-inked agreement with Song Hau Farm Corporation.
Hanoi (VNA) – Vinamilk, Vietnam’s largestdairy producer, will plashed out some 4 trillion VND (171.3 million USD) todevelop a 6,000-ha complex of hi-tech dairy farms in the Mekong Delta city ofCan Tho under a newly-inked agreement with Song Hau Farm Corporation.
The deal was signed between the two firms during CanTho’s Investment Promotion Conference 2018 which took place on August 10.
The project will include a large-scale dairy farm,capable of breeding up to 22,000 heads of cows, and a processing factory and atthe same time, take advantage of Vinamilk’s existing distribution system in CanTho to build a complete supply chain.
Automated technologies and advanced management systemwill be used at the complex to improve competitiveness in the era of theIndustry 4.0.
It expects to make a significant influence on the localeconomy by creating a new industry of producing beef, dairy and cattle feed.
According to Vinamilk Executive Director Trinh Quoc Dung,once the project is operational, it will create a large-scale farm coveringthousands of hectares to grow livestock feed and provide thousands of jobs forlocal people.
Hundreds of satellite farms will be set up to joinVinamilk’s supply chain, he said.
Vinamilk built the first dairy processing plant at TraNoc Industrial Park in Can Tho 18 years ago, which generated a total of nearly17 trillion VND from 2015 – 2017 and contributing 1.03 trillion VND to theState budget. –VNA
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Illustrative image. (Photo: VNA)
