South Korea-invested Sunjin Vina Co has received a licence from Hau Giang Industrial Zones (IZ) Management Board to develop a seafood feed plant in the province's Tan Phu Thanh Industrial Zone (IZ).

The 2.6ha-plant, expected to cost US$23.6 million, will produce 126,000 tonnes of fish and shrimp feed products annually, the Vietnam Investment Review has reported. The plant's first phase is slated for completion in May 2024.

Head of the board Tran Ngoc Hung described the plant's investment licence as a good start to the year for the province and the investor.

He said his board would create all the most favourable conditions for the investor while coordinating with relevant departments to solve difficulties promptly, so that it could soon put the project into operation.

Founded in 2007, Sunjin Vina Co now has four feed mills in Hung Yen, Ha Nam, Dong Nai and Tien Giang provinces with a total designed capacity of one million tonnes each year. — VNS