Viet Nam’s biggest dairy farm opens in Tay Ninh

Thursday, Mar 28, 2019 00:08

Delegates inaugurate a Vinamilk's dairy farm in Tay Ninh Province on Wednesday. — VNA/VNS Photo

Vietnam Dairy Products Joint Stock Company (Vinamilk) on Wednesday inaugurated a dairy farm with more than VND1.2 trillion (US$52 million) of capital in the southern province of Tay Ninh.

The farm – the largest of its kind in Viet Nam – 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.

Speaking at the plant’s opening ceremony, Vinamilk General Director Mai Kieu Lien said her company wishes to help the domestic dairy industry develop into a hi-tech agricultural industry in Viet Nam and Asia.

Vinamilk also strives to bring the quality of the local dairy sector closer to those in the developed world, Lien said.

In 2018, Vinamilk launched a high-tech dairy farm in central Thanh Hoa Province. Built with an investment of VND700 billion, the 40ha farm has the capacity to hold a population of 4,000 milking cows.

The farm is the first of its kind to be built in the Vinamilk Thanh Hoa dairy farm complex, which is designed to have four high-tech farms with a combined milk supply of 110 million litres per year by 2020.

Vinamilk recorded a total of VND52.56 trillion in net revenue in 2018, up 3 per cent year on year. However, its post-tax profit slid to VND10.2 trillion from VND10.3 trillion in 2017.

As of December 31, 2018, total equity capital and total assets were VND26.3 trillion and VND37.3 trillion, respectively. The company’s total cash was VND1.52 trillion and total savings were VND8.7 trillion. — VNS

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