Vinamilk to import 1,200 cows from the US in 2021

Tuesday, Nov 03, 2020 08:36

Vinamilk's organic dairy cow farm. — Photo VNA

Vinamilk, the largest dairy producer in Viet Nam, recently imported 500 dairy cows from the US and plans to buy an additional 1,100-1,200 cows in 2021 for its dairy cow farm in the central province of Quang Ngai to boost the domestic supply of raw milk.

Vinamilk splashed out some VND700 billion (US$30.1 million) on the high-tech farm, which spans 100ha in Quang Ngai Province and is home to 4,000 milch cows.

The farm, Vinamilk's second-largest, will be inaugurated in Duc Hoa Commune, Mo Duc District in March 2021.

Last year, Vinamilk inaugurated Viet Nam’s largest dairy cow farm in Tay Ninh Province. Invested at a total cost of more than VND1.2 trillion, the farm covers 685ha in Long Khanh Commune, Ben Cau District. With a herd of 8,000 cows, the farm provides 100,000 litres of fresh milk per day, equivalent to 40 million litres of milk annually.

Vinamilk recorded more than VND45.27 trillion in revenue during January-September, up 7.4 per cent year-on-year. Its post-tax profit surged 7 per cent from the same time last year to VND8.96 trillion.

In 2020, the firm hopes to gain VND59.6 trillion in revenue and VND10.69 trillion in post-tax profit, up 6 per cent and 1 per cent compared to the figures in 2019. — VNS

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