Japfa Comfeed Vietnam invests in animal husbandry project worth US$230 million in Binh Phuoc

Japfa Comfeed Vietnam invests in animal husbandry project worth US$230 million in Binh Phuoc

On December 23, 2020 , on the occasion of the Investment Promotion Conference held in Binh Phuoc Province, Japfa Comfeed Vietnam Co., Ltd. (Japfa Vietnam) has officially received the license for investment of more than 40 million USD in a self-contained animal husbandry project worth US$230 million . Accordingly, Japfa Vietnam will invest in a self-contained livestock-poultry production chain, from breeders, feed and cultivation to slaughtering and processing in Binh Phuoc Province in two phases: 2021-2023 and 2023-2025. Upon operation, the chain is estimated to create jobs for more than 1,000 local laborers in Binh Phuoc.

Mr. Arif Widjaja - General Director of Japfa Comfeed Vietnam Co., Ltd (middle) received an investment license from Binh Phuoc province's Party Secretary Nguyen Van Loi (left)

With total investment capital of US$230 million, approximately VND5,300 billion, Japfa Vietnam is expected to start construction of an animal feed production plant, a poultry slaughterhouse and a pig slaughterhouse in the first quarter of 2021 in Minh Hung-Sikico Industrial Park. Later, in the fourth quarter of 2021, Japfa Vietnam will continue to build an egg incubating plant, a commercial chicken farm, a sperm center and a pig farm in the High-Tech Park of Binh Phuoc Province.

Groundbreaking ceremony of high-tech pork farm project in Long Ha commune, Phu Rieng district, Binh Phuoc province, October 2020

Talking about this sizable project, Mr. Arif Widjaja, General Director of Japfa Comfeed Vietnam, said, “The self-contained animal husbandry project chain worth US$230 million in Binh Phuoc Province again confirms the commitment to long-term business and sustainable development of Japfa in Vietnam. As one of the three strategic markets of Japfa Group in Asia, Vietnam always receives strong support in terms of international experience and finance of Japfa Group in investment and business expansion activities.”

“Overcoming challenges caused by the pandemic, Japfa Vietnam is now in a favorable stage to strongly expand its business activities. With the support of the Vietnamese Government, the leaders of Binh Phuoc Province, partners and customers, we are confident that Japfa Vietnam will fare well in the coming time, contributing considerably to Vietnam’s target to make her animal husbandry industry on par with those of developed countries in the region by 2030,” said Mr. Arif.

Currently, Japfa Vietnam operates a farm system with a capacity of more than 264.000 pigs for meat and 660,000 chickens per year. In the coming time, the company will put into operation two big animal husbandry projects in Binh Phuoc province with a total investment of about VND 670 billion.

Specifically, in October 2020, Japfa Vietnam started work on its high-tech pig farm capitalized at nearly VND500 billion (approximately US$22 million) in Long Ha Commune, Phu Rieng District, Binh Phuoc Province. This project, one of the largest pig-for-meat farms of the country, is built on an area of some 40 hectares, capable of accommodating 48,000 pigs for meat and estimated to supply over 14,000 tons of pork annually for the market.

In addition, Japfa Vietnam is building breeder pig farms costing VND170 billion in Dak Wi Hamlet, Dak Nhau Commune, Bu Dang District, Binh Phuoc Province, on a 60-hectare area. The project includes two farms that can rear up to 15,000 sows. These farms are equipped with the most advanced technology, with an automatic system for all feeding processes. Wastewater is treated for reuse without being discharged into the environment. As planned, this animal husbandry project will be officially put into operation in early 2021 to supply breeder pigs for the domestic market.

Japfa Vietnam just put into operation a feedmill in Binh Dinh with an investment capital of 13 million USD in November 2020

Japfa Vietnam is well known in feed and farm business with 6 feedmills, more than 300 professional poultry and swine farms, more than 20 meatshops serving fresh meat and processed food products under Japfa Best brand.

With a view to sustainable development and long-term business in Vietnam, Japfa Vietnam looks forward to improving its self-contained processes for the feed-farm-food industry value chain in 2020. This has marked the company’s 25 years of operation, affirming the position of one of the leading firms in the feed production, industrial animal husbandry and food industry in Vietnam. On its strong development path, Japfa Vietnam is striving to contribute its part to realizing the goals of Vietnam’s animal husbandry: to meet domestic demand and to accelerate export to improve the position of the Vietnamese animal husbandry in Asia.

VietNam Economic News