With a total investment of 1.67 trillion VND (65.45 million USD), the Tam Dao livestock and beef processing complex is a joint venture between Vinamilk’s subsidiary Vilico and Japan’s Sojitz Corporation, operated by Japan-Vietnam Livestock Co., Ltd. (JVL).
The project aims to realise a 500-million-USD memorandum of understanding (MoU) signed among Vinamilk, Vilico, Sojitz, and Vinh Phuc province during PM Chinh’s visit to Japan in 2021. Construction began in 2023.
The complex includes a meat processing plant with an annual capacity of 30,000 cattle, producing 10,000 tons of beef per year. Equipped with cutting-edge European technology and Japanese meat processing expertise, the facility meets international food safety and sustainability standards.
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Prime Minister Pham Minh Chinh visits the Tam Dao livestock and beef processing complex project in Vinh Phuc. |
The cattle farm, designed to house 10,000 heads, is set to begin operations in May 2025. Leveraging Vinamilk’s experience, the farm will follow GlobalGAP S.L.P standards, ensuring a closed-loop model integrating breeding, production, and distribution.
Expressing his delight at the project’s progress, PM Chinh emphasized that economic development must go hand in hand with improving people's well-being. He highlighted the importance of scientific and hygienic livestock farming to provide safe, high-quality food.
He praised Sojitz and its Vietnamese partners for overcoming challenges, including the COVID-19 pandemic, to complete the project. He urged investors to restore the environment at the site, scale up production, develop sustainable supply chains, and adopt green, circular, and digital economy practices.
PM Chinh directed Vinh Phuc authorities to support the project and encouraged Sojitz to expand investments in Vietnam. He called on Japanese businesses to make Vietnam a manufacturing hub, assuring that the Government will provide a favorable investment climate based on the principle of "harmonized benefits and shared risks".
Attending the groundbreaking for the social housing project in Nam Vinh Yen Urban Area, the leader praised the project as part of the Government’s push for affordable housing.
The first phase will include 38 buildings with 5,300 apartments spanning 190,000sq.m on 17 hectares, with a total investment of 7 trillion VND (274.34 million USD). The project, developed by DIC Corp, is expected to be completed by 2030.
Secretary of the Vinh Phuc Party Committee Dang Xuan Phong noted that the province has 17 industrial zones with over 260,000 workers, creating a huge demand for social housing. In early 2025, Vinh Phuc broke ground on one social housing project and plans to launch six more projects with 2,190 apartments within the year. The province aims to meet the national housing target set by the Government one year ahead of schedule.
Emphasizing the Party’s policy of ensuring fast and sustainable growth goes along with social welfare without leaving anyone behind, the Government leader stressed that housing is a key priority.
He stressed that social housing should be well-planned, high-quality, and integrated with modern infrastructure, ensuring a livable environment.
He asked local authorities to accelerate social housing projects while maintaining transparency and quality. Developers must deliver on commitments, and financial institutions should provide long-term and stable credit, especially for young buyers under 35.
The same day, PM Chinh visited a proposed site for the Vinh Phuc eco-complex urban area, which spans 1,700 hectares across Yen Lac and Binh Xuyen districts, and Vinh Yen city, with an estimated population of 86,000 and a total investment of 77 trillion VND.
He emphasized that the urban area must be modern, nature-friendly, and well-connected, serving as a landmark development for the province. It should include residential zones, public facilities, cultural and sports spaces, and integrated infrastructure linking with Hanoi and surrounding areas, he added.
Earlier the same day, PM Chinh inspected the Tam Dao 2 eco-resort project in Dai Dinh townlet, Tam Dao district. After reviewing the development plan, he agreed to let Vinh Phuc and the investor conduct a feasibility study and zoning plan to create a top-tier tourism destination that boosts local economic growth.
He stressed that the project must preserve natural landscapes, ensure environmental sustainability, and feature world-class tourism infrastructure.
Source: VNA