A production line at a dairy-processing plant in Can Tho. Photo: danviet.vn

The deal was signed between the two firms during Can Tho’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 at the same time, take advantage of Vinamilk’s existing distribution system in Can Tho to build a complete supply chain.

Automated technologies and advanced management system will be used at the complex to improve competitiveness in the era of the Industry 4.0.

It expects to make a significant influence on the local economy 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 covering thousands of hectares to grow livestock feed and provide thousands of jobs for local people.

Hundreds of satellite farms will be set up to join Vinamilk’s supply chain, he said.

Vinamilk built the first dairy processing plant at Tra Noc Industrial Park in Can Tho 18 years ago, which generated a total of nearly 17 trillion VND from 2015 - 2017 and contributing 1.03 trillion VND to the State budget.

Source: VNA