Vinamilk splashed out some 700 billion VND (30.1 million USD) on the high-tech farm, which spans 100 hectares in Quang Ngai province and raises 4,000 milch cows.

Vinamilk plans to import 1,200 milch cows from U.S. in 2021. (Photo for illustration:

The farm, the second largest farm of Vinamilk, will be inaugurated in Duc Hoa commune, Mo Duc district in March 2021.

Last year, Vinamilk inaugurated Vietnam’s largest dairy cow farm in Tay Ninh province.  Invested at total cost of more than 1.2 trillion VND, the farm covers 685 hectares in Long Khanh commune, Ben Cau district. With a herd of 8,000 cows, the farm provides 100,000 litres of fresh milk per day, equivalent to 40 million litres of milk annually.

Vinamilk recorded over 45.27 trillion VND in revenue during January-September, up 7.4 percent year on year. Its post-tax profit surged 7 percent from the same time last year to 8.96 trillion VND.

In 2020, the firm targets to gain 59.6 trillion VND in revenue and 10.69 trillion VND in post-tax profit, up 6 percent and 1  percent as compared to the figures in 2019.

Source:  VNA