Vinamilk invests 4,000 billion VND to build a dairy farm in Can Tho.

The 2018 Can Tho Investment Promotion Conference, themed "Sharing Potential, Developing Together," was held with the participation of Prime Minister Nguyen Xuan Phuc, leaders of central ministries and agencies, and representatives from more than 500 domestic and foreign businesses.

Delegates signed an investment cooperation agreement with the People's Committee of Can Tho City.

Mr. Trinh Quoc Dung – CEO of Vinamilk, delivered a speech at the ceremony.

With favorable natural conditions and the enthusiastic support of the city's authorities, at the conference, Vietnam Dairy Products Joint Stock Company (Vinamilk) decided to choose Can Tho as the location for its farms in the Mekong Delta region. Through cooperation with Song Hau Farm, Vinamilk has planned a "High-tech dairy farm complex" with a total scale of up to 22,000 cows on an area of ​​6,000 hectares, with a total investment of approximately 4,000 billion VND.

Modern production line at the Can Tho dairy factory.

Vinamilk's project is built on a farm model combined with Vinamilk's existing processing plant and distribution system in Can Tho city to create a closed-loop production chain, ensuring international quality at competitive prices. The farm utilizes the latest technologies and optimizes operations with robotic systems and a modern management system based on a computer network, meeting the demands and competitiveness of the era of transformation and the adoption of Industry 4.0. The combination of Vinamilk's advanced livestock production model with the long-standing farming experience of Song Hau Farm and abundant feed sources in the region creates stability and efficiency, effectively leveraging the strengths of all parties involved.

Modern machinery and equipment at the Can Tho Dairy Factory.

Furthermore, the project also created a ripple effect throughout the region, forming a new industry: dairy farming, beef cattle farming, aquaculture, and livestock feed cultivation. Farmers' products are guaranteed to be purchased at reasonable and stable prices. In Can Tho, 18 years ago, Vinamilk also built a milk processing plant in the Tra Noc industrial park and has had a successful business branch operating for over 10 years, with revenues of nearly 17,000 billion VND in the last three years (2015-2016-2017) and contributing 1,030 billion VND to the state budget.

At the conference, Mr. Trinh Quoc Dung – CEO of Vinamilk – stated: “When the project is fully implemented and operational, it will form a specialized farming area with thousands of hectares of large-scale model fields cultivating feed for dairy cows and livestock surrounding the farms, creating thousands of jobs. With Vinamilk's farms as the core, the subsequent effect will be the emergence of hundreds of satellite farms owned by local farmers, participating in the supply chain led by Vinamilk. This model will contribute to maintaining socio-economic stability, improving people's lives, and developing agriculture, rural areas, and farmers in a sustainable manner.”

Entrance to the Can Tho dairy factory.

Strategically located in the heart of the Mekong Delta, Can Tho City serves as the economic, educational, scientific, technological, and medical center of the region. In recent years, alongside investing in infrastructure development to support socio-economic growth, Can Tho has focused on improving its investment and business environment, enhancing its competitiveness, and aiming to become one of the most attractive destinations for investors.

In recent years, Can Tho's Provincial Competitiveness Index (PCI) has consistently been rated "Good". Notably, it rose to 10th place out of 63 provinces and cities nationwide in 2017. Furthermore, Can Tho, with its high annual growth rate, is an economic hub for the Mekong Delta provinces. The region's population of approximately 18 million people, accounting for about 19% of the national population, ensures a long-term market for products. In addition, access to ASEAN markets via waterways is extremely convenient, creating favorable conditions for the development of business and import-export activities for local enterprises.