Vietnamese largest dairy producer Vinamilk has been licensed to start investment in a hundred-million-dollar dairy farm in the Mekong Delta City of Can Tho.
The Can Tho People’s Committee granted the investment license for the VND4 trillion (US$172 million) megaproject to the dairy giant at an investment promotion conference on Friday.
The dairy farm project by the cooperation between Vinamilk and Song Hau Farm High-Tech Agricultural Production Company (SOHAFARM) stood out from other plans at the meeting due to its large scale.
Accordingly, it will be developed as a combination of hi-tech dairy farms, with a herd of 22,000 cattle, in an organic and eco-friendly direction.
The dairy farm complex, together with Vinamilk’s existing processing plant and distribution system in Can Tho, is expected to contribute to the whole closed production chain with international quality of the company, making its price more competitive in the market.
The complex, once put into operation, will create a cultivating area of thousands of hectares of food for dairy cows and cattle, as well as bringing thousands of jobs for local people, according to Trinh Quoc Dung, managing director of Vinamilk.
Vinamilk’s pioneering farms are also talked to encourage other private plantations to join this dairy chain.
Previously, the dairy company also began operating Vietnam’s first-ever organic dairy farm to adhere to European standards in the Central Highlands province of Lam Dong in March 2017.