A CP Viet Nam pork shop in Ca Mau Province. This company will build a pig slaughter plant in Ha Noi with the largest capacity in the northern region. — Photo thoibaokinhdoanh.vn

The CP Livestock Joint Stock Company (CP Viet Nam) expects to put a pig slaughter plant into operation at the end of this year in the Phu Nghia Industrial Park, Chuong My District, Ha Noi with a total investment of VND450 billion (US$19.3 million).

This is the plant with the largest capacity in the northern region at 4,000 pigs per day. The project is built with production lines using modern technology to produce high quality pork for domestic consumption and export, according to the company.

Vu Anh Tuan, CP Viet Nam deputy general director, said with this project, the company expects to reduce intermediaries in trading pork on the domestic market, leading to lower pork price against the present. The current live hog price is about VND93,000-VND95,000 per kilo.

This is the second project of CP Viet Nam in the Phu Nghia Industrial Park. The first one is the Ha Noi Meat Processing Factory that has a total slaughtering capacity of 4,000 pigs per day. The first phase of the project will be completed with a capacity of 2,000 pigs per day at the end of this year.

CP Viet Nam is one of the 15 large livestock enterprises in Viet Nam which has been requested to reduce live hog price to VND70,000 per kilo by the Prime Minister to stabilise the domestic pork market. — VNS