Vietcombank to lend VND60 billion to egg processing plant
Vietcombank to lend VND60 billion to egg processing plant
Vietcombank lent Viet Nam’s leading egg supplier Ba Huan Company Ltd VND60 billion (US$2.6 million) to build a high-tech egg processing plant in Ha Noi.
Total investment in the first phase of the plant, inaugurated in the middle of April, reached VND105 billion.
The two-hectare plant is designed to process 65,000 eggs per hour and is located in Ha Noi’s outlying district of Phuc Tho.
The factory will use automated egg packaging equipment supplied by the Netherlands’ Moba Group, which specialises in egg grading, packaging and processing machinery.
The inauguration of this high-tech poultry production line will supply the demand of Ha Noi residents for clean eggs. It is expected to be one of the best suppliers of clean and safe food in the northern market, boosting local socio-economic development, said Vice Chairman of the Ha Noi People’s Committee, Nguyen Doan Toan, at the inauguration ceremony.
Currently, the Ba Huan company has completed the food safety hygiene chain from farm to fork, including an 18ha high-tech poultry farm with a total of 1 million fowl, a feed processing factory with a capacity of 20 tonnes per hour, a two-hectare poultry egg packaging plant with a capacity of 185,000 eggs per hour in HCM City, and a five-hectare food processing plant with a daily capacity of 50 tonnes.
In March, Vietcombank provided VND600 billion (out of a total investment capital of VND800 billion) for DTK Corporation’s clean egg factory in the northern province of Phu Tho - the largest project in high-tech clean egg production in Viet Nam until now. The project comprises two phases, and will produce 175 million eggs annually, equaling nearly 500,000 eggs per day, once it is fully operational in 2018. In the first phase, the factory is expected to produce 300,000 eggs per day.
Vietcombank plans to spend at least VND10 trillion in high-tech agricultural loans, supporting the Government’s VND100 trillion credit package for high-tech agriculture.
