Hung Nhon Group signed a memorandum of understanding with the Netherlands’s Royal De Heus for a comprehensive strategic partnership in Amsterdam on Tuesday.

The signing was witnessed by Prime Minister Pham Minh Chinh, who is on a visit to Europe, and other leaders and officials from the two countries.

Under the MOU, the two companies will co-operate from now through 2030 for projects related to agriculture such as livestock and poultry farming and animal feed production, and set up a high-tech agricultural production sites based on the Dutch co-operative model in Viet Nam.

Hung Nhon will invest in building large modern livestock farms that meet advanced global standards.

De Heus will provide international-standard wine and poultry genetics.

By 2030 the two target achieving a capacity of 7,500 gilts in the Central Highlands, 30,000 sows in the south-east and south-central regions and the Central Highlands and 25 million broiler chickens in Tay Ninh.

They expect to generate total revenues of $2 billion a year.

“Co-operating with De Heus, one of the leading companies in animal nutrition, is an honor for Hung Nhon,” Vu Manh Hung, chairman and general director of the Vietnamese company, said.

“Through this co-operation, Hung Nhon will get advanced breeding technologies from the Netherlands. From there, we will develop large-scale agricultural projects.”

The two sides have established a chain of DHN high-tech agricultural complexes in three Central Highlands provinces and are set to expand to two more provinces.

The complexes are expected to use the latest technologies throughout the breeding process, helping control livestock quality, optimise performance, reduce costs, and achieve high economic efficiency. — VNS