Vietnamese National Assembly delegation visits Angkor Vinamilk milk factory

During the official visit to the Kingdom of Cambodia, National Assembly Chairwoman Nguyen Thi Kim Ngan and the Vietnamese National Assembly delegation visited and worked at the Angkor Milk Factory. This is the first milk factory in Cambodia and a joint venture between Vinamilk and its partner BPC in Cambodia.

National Assembly Chairwoman Nguyen Thi Kim Ngan and delegates visit the packaging area of ​​liquid milk products at Angkor Factory.

At the meeting, the leaders of Angkor Milk Factory reported on the project construction process. Angkor Milk Factory was inaugurated on May 25, 2016. Located in Phnom Penh Special Economic Zone, with a total area of ​​nearly 30,000 m2, Angkor Milk Factory has a total investment of 23 million USD and a construction time of more than 1 year.

In phase 1, Angkor Milk factory will operate with a capacity of 19 million liters of liquid milk, 64 million cups of yogurt and 80 million boxes of condensed milk per year. In phase 2 - 2024, the factory will increase its capacity to 38 million liters of liquid milk, 192 million cups of yogurt per year to serve the increasing demand of people in Cambodia and in the region.

Delegates visited the packaging area of ​​liquid milk products at Angkor Factory.

Angkor Dairy Factory is built synchronously from the loading-processing-filling stage to the packaging of finished products and is managed by the optimal management program from Tetra Pak to control the entire processing and filling area, connecting to the enterprise resource management system. All stages from design, factory construction to installation of machinery, equipment and production lines are in accordance with international standards on Food Safety and Environment.

As the only milk factory in Cambodia at this time, with production technology meeting international standards, Angkor Milk Factory will realize the goal of providing Cambodian people with milk products produced in Cambodia with good quality according to world standards and reasonable prices, meeting the diverse needs of consumers, developing the physical and intellectual health of Cambodian people.

Regarding production and business situation, by the end of September 2016, Angkor Milk Factory had achieved revenue of 10.2 million USD, reaching 68% of the 2016 plan. It is expected that by 2024, the Company will grow at an average of 15%/year.

High-ranking delegation of the Vietnamese National Assembly visits Angkor Milk Factory.

In addition to the advantages in the operation process, Angkor Milk Factory also faces some difficulties, mainly related to import tax on raw materials. Because the dairy industry is new in Cambodia, raw material areas and dairy farming are not yet developed, so most of the raw materials for production must be imported from Europe and Vietnam with quite high import tax rates.

At the meeting, the leaders of Angkor Milk Factory proposed to the National Assembly and the Government of Vietnam about the bilateral trade agreement between the relevant agencies of Vietnam and Cambodia, focusing on exemption and reduction of import tax on key raw materials for milk production to contribute to supporting the development of the dairy industry in Cambodia.

At the meeting, National Assembly Chairwoman Nguyen Thi Kim Ngan acknowledged and praised the efforts of the factory's leaders and staff, and stated: This is a very successful project of Vinamilk in Cambodia and Angkor Milk Factory will continue to promote those results, strive to produce and do business more effectively, contribute to the state budget and create jobs for Cambodian people...

PV