HCMC to get animal feed plant
Japanese firms Sojitz and Kyodo Shiryo recently confirmed a joint investment of 2 billion JPY yen ($26 million) into building an animal feed processing plant in the outskirts of Ho Chi Minh City .
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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 per cent market share in supplying cattle feed to Vietnam, based on revenues expected to have reached 80 billion JPY ($1.04 billion) annually.
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