Japanese firms Sojitz and Kyodo Shiryo recently confirmed a joint investment of 2 billion JPY yen (26 million USD) into building an animal feed processing plant in the outskirts of HCM City.

The plant is expected to be operational by April 2013 and have a total processing capacity of nearly 200,000 tonnes per year.

By 2020, the joint-venture plans to control a 10 percent market share in supplying cattle feed to Vietnam, based on revenues expected to have reached 80 billion JPY (1.04 billion USD) annually.

According to the Japanese Nikkei newspaper, pork has accounted for a 70 percent market share in Vietnam, the demand for it having increased./.