Business

Cargill to expand investment in Vietnam

The animal feed market in Vietnam has a relatively high potential, which has prompted Cargill group to invest more in the country, according to the US group’s Chairman David McLennan.
Cargill to expand investment in Vietnam ảnh 1Cargill plans to expand investment in Vietnam (Source :VNA)

HCM City (VNA) – The animal feed market in Vietnam has a relatively high potential, which has prompted Cargill group to invest more in the country, according to the US group’s Chairman David McLennan.

Talking to the press in Ho Chi Minh City on November 18, McLennan said plans for new factories demonstrate the group’s commitment to the country.

Cargill is constructing its 12th animal feed plant in Vietnam with a total investment capital of 30 million USD in the southern province of Binh Duong. The factory, with a capacity of 260,000 tonnes a year, is expected to go into operation in the first quarter of 2017.

The group has invested 180 million USD to develop its animal feed mills system with a total capacity of 1.3 million tonnes a year in the country since 1995.

Additionally, the groups signed a 10 million USD deal with the Sai Gon International Terminals Vietnam (SITV) to build warehouse in Phu My.

Besides expanding its investment in Vietnam, Cargill pledges to support farming households and small farms by providing them with training in animal breeding, thus preparing them for upcoming free trade agreements to which Vietnam is a member, including the Trans-Pacific-Partnership (TPP) agreement.

At the same time, the group also plans to expand its charity work as its commitment to the sustainable development of the group in Vietnam.

To date, Cargill has built more than 70 schools throughout the country and provided assistance to flood-hit victims, scholarships to poor students and rehabilitation equipment to disabled orphans.-VNA

VNA
#Cargill #investment #commitment #animal feed
Follow VietnamPlus

Related News

US corporation to build more schools in Vietnam

US corporation to build more schools in Vietnam

Cargill Vietnam Company, a wing of the US-based Cargill Corporation – a leading firm in agriculture, food and financial service, will build two schools worth 2 billion VND (93,000 USD) in Vietnam.

See more

Chili peppers are on the list of essential goods in Indonesia (Photo: VNA)

Indonesia reduces imports of strategic food commodities

In 2026, Indonesia is expected to have approximately 12 million tonnes of rice carried over from the previous year, supported by annual production of around 34.7 million tonnes. With projected consumption of 31.1 million tonnes, national rice reserves could reach approximately 16 million tonnes by the end of the year.

Hanoi’s roadmap to implement low-emission zones from July is providing a strong boost to the electric two-wheeler market (Photo: VNA)

Low-emission zone roadmap drives electric two-wheeler boom in Hanoi

From July 1, Hanoi will introduce time-based or area-based restrictions on petrol-powered motorcycles within Ring Road 1, with plans to expand coverage across the entire zone by 2028 and extend to areas within Ring Road 3 by 2030. The policy is expected to reshape travel habits for millions of urban residents.

Delegates at the opening ceremony of the Made in Da Nang Expo 2026 (Photo: VNA)

Nearly 300 firms join Made in Da Nang Expo 2026

Speaking at the opening ceremony, Vice Chairman of the Da Nang People’s Committee Tran Chi Cuong said the exhibition is a large-scale trade promotion event aimed at showcasing products, connecting markets, and helping businesses enhance competitiveness while expanding domestic and export markets.

Green production, standardised value chains key to fruit, vegetable sector growth

Green production, standardised value chains key to fruit, vegetable sector growth

Facing mounting pressure from increasingly stringent domestic and international standards, Vietnam’s fruit and vegetable sector is accelerating its shift toward green, safe, and sustainable production models. Beyond changing farming practices, localities and businesses are stepping up efforts to standardise value chains and build brands to achieve growth targets for 2026.

Hiep Phuoc Industrial Park in Ho Chi Minh City. (Photo: VNA)

Southern industrial real estate enters strategic growth phase

Key industrial hubs in the south, including Ho Chi Minh City, Dong Nai and Tay Ninh, are transitioning from a period driven largely by supply expansion and rising land prices to a more refined growth model. This new phase is shaped by infrastructure upgrades, supply chain restructuring, product improvement and greater emphasis on operational performance.