Central province to house major dairy farm network hinh anh 1A worker operate a cow milking system (Photo: VNA)

Construction of a high-quality dairy farm network worth 1.6 trillion VND (73.3 million USD) commenced in central Thanh Hoa province on August 10, the biggest agricultural project in the locality so far.

The network of the Vietnam Dairy Products Joint Stock Company (Vinamilk) will group four farms covering a total area of 2,500 hectares in the districts of Ngoc Lac, Tho Xuan, Cam Thuy and Yen Dinh.

Up to 16,000 milk cows imported from Australia and the US will be raised at the facilities with the figure potentially increasing to 24,000 in phase II of the project.

The network is set to apply the world’s most modern dairy farming technology to ensure local environmental hygiene.

Once operational in 2017, the farms are set to produce 36 million litres of milk annually and create jobs for over 1,000 people.

Last year, Vinamilk produced and launched nearly 5 billion dairy products of all kinds into the domestic market.

According to the Nikkei Asian Review, Vinamilk is Vietnam’s biggest dairy company and makes up half the local market share. Its market capitalisation amounts to 5.5 billion USD, ranking second in the country.

It was also one of two Vietnamese firms listed among the top 100 ASEAN enterprises in 2014 by Standard & Poor’s.-VNA