CP Viet Nam Corporation will develop a project in southern Binh Phuoc Province to raise and process 100 million chickens per year for export, said Vu Anh Tuan, deputy general director of CP Viet Nam.

In the first phase, the project will have an investment of nearly US$250 million and will produce one million chickens per week, Tuan said.

The project aims to expand the export market for chicken while ensuring food safety, product origin tracing and sustainable business environment. The corporation has clients in Japan and the European Union, he said, adding Viet Nam could compete with Thailand in chicken exports as the country has the same chicken breeding cost as Viet Nam.

The firm has a chicken breeding farm in Binh Phuoc, while the project site is near a factory supplying animal food. Therefore, it will develop a chain, from chicken production and supply of chicken feed to breeding of chickens and slaughterhouse. — VNS