Cargill enters Vietnam

Cargill enters Vietnam

HANOI (AFP): U.S.-based Cargill has officially opened a US$18 million animal feed plant in a southern Vietnam province, its first project in the country, the company announced yesterday.

The U.S. agricultural product manufacturer opened a representative office in Vietnam in 1995 and won a license to build the plant in Bien Hoa industrial park 2, Dong Nai province, the same year, the company said in a statement.

The plant, wholly-owned by Cargill, officially came on stream last Saturday after 18 months of construction. It will have a production capacity of 200,000 tons of animal feed per year.

Cargill also has a chicken hatchery opening this month and a breeder farm under construction in Dong Nai province.

The company also applied to the Vietnamese government to build a second feed plant in Hanoi.