Vinamilk, Sojitz build $500-million beef processing complex in Vietnam

Mar 11th at 08:40
11-03-2023 08:40:07+07:00

Vinamilk, Sojitz build $500-million beef processing complex in Vietnam

The groundbreaking ceremony or the construction of the beef processing complex is a significant occasion that commemorates 50 years of diplomatic ties between Vietnam and Japan.

Vietnam Dairy Products JSC (Vinamilk), the country's largest dairy manufacturer, and Japan’s Sojitz Corporation have started construction on a US$500-million cattle farm and beef processing complex in Tam Dao Town, the northern province of Vinh Phuc.

A groundbreaking ceremony for the construction of the project is held on March 8. Photo: VNA

A groundbreaking ceremony for the construction of the project was held on March 8 by Vietnam Japan Livestock Ltd. Co. (Vinabeef) - a joint venture company between Sojitz Corporation and Vietnam Livestock Corporation JSC (VILICO) - Vinamilk’s subsidiary.

The new farm and processing complex, covering 75ha, is scheduled to begin operations in June 2024.

The farm will have a maximum breeding capacity of 10,000 cattle and will be adjacent to a slaughterhouse with a capacity of approximately 30,000 cattle per year and a processing plant with a design capacity of 10,000 tons annually.

According to Sojitz, an integrated production system will be realized for all processes from breeding cattle to shipping beef products.

In addition, similar processing equipment and hygiene and quality management methods used in Japan will be introduced to raise production efficiency and create a stable distribution system for high-quality chilled beef.

Sojitz noted that there is an increasing demand for cold chain systems to supply chilled meat, which requires safe, high-quality beef production and quality management from breeding to production, processing, and sale of meat.

Therefore, this project will focus on rigorous quality management that meets consumers' needs and creates Vietnamese-branded beef. In the future, the company plans to expand into pork, poultry, and other meats, aiming to build the largest integrated meat business in Vietnam, the Japanese group said.

Sojitz strives to promote talent exchange between Japan and Vietnam through this project and other projects in various industries to foster industrial human resource development and contribute to the sustainable development of Vietnam.

Earlier, in 2021, Vinamilk and its affiliate VILICO signed a Memorandum of Understanding (MoU) with Japan's Sojitz Corporation and Vinh Phuc Province People's Committee for the project. The signing ceremony took place at the Vietnam-Japan Investment Promotion Conference in the presence of Prime Minister Pham Minh Chinh during his official visit to Japan.

Hanoi Times





RELATED STOCK CODE (1)

NEWS SAME CATEGORY

China's reopening good news for Vietnamese exporters

China's reopening as COVID-19 restrictions have been lifted has strongly lifted Vietnamese agricultural and fishery exports to the country, according to Deputy...

Hanoi plays key role in national tourism marketing strategy

By 2030, Hanoi aims to welcome some 14 million international visitors, contributing to an estimated 35 million foreign arrivals to Vietnam.

Vietnam's Vinamilk, Japan’s Sojitz Corporation start work on $127mn beef cattle farming, processing complex

Vietnamese dairy giant Vinamilk and Japan’s Sojitz Corporation on Wednesday broke ground on a beef cattle farming and processing complex in Vinh Phuc Province...

China to resume group tours to Vietnam from March 15

Tourism cooperation between Vietnam and China before the Covid-19 pandemic brought mutual benefits to the two peoples and strengthened the Vietnam-China friendship.

Lay-offs and exports dip haunt vital manufacturing

Foreign-invested enterprises look set to struggle this year, particularly in garments, textiles, and footwear, as exports continue to fall and more workers are laid...

Alaskan seafood promoting benefits of bilateral trade

To officially introduce Alaskan seafood for the first time in Hanoi last week, the US Department of Agriculture’s Under-Secretary for Trade and Foreign Agricultural...

Viet Nam’s fruit and vegetable exports rise about 18%

Viet Nam’s fruit and vegetable exports in the first two months of this year reached US$592 million, an increased of nearly 18 per cent compared with the same period...

International furniture expo opens in HCM City

The 14th Vietnam International Furniture and Home Accessories Fair (VIFA EXPO) opened in HCM City on March 8.

Vinamilk and Sojitz kick off Vinabeef Tam Dao

The Vinabeef Tam Dao breeding and processing complex is the first project in the investment and collaboration plan between Vietnamese and Japanese high-tech...

Foodex Japan 2023 pushes Vietnamese products to conquer Japanese market

The 48th edition of the International Food and Beverage Exhibition, Foodex Japan 2023, held in Tokyo from March 7 to 10, provides an excellent opportunity to...


MOST READ


Back To Top