Cao Bang (VNA) – TH Group on October 17 began the construction of a high-tech dairy farm project in Quang Hoa district, the northern mountainous province of Cao Bang.
With total investment capital of 2.54 trillion VND (109.7 million USD), the project comprises a 63.7ha dairy farm, set to raise 10,000 cows, and a processing plant with an annual capacity of 49,000 tonnes of milk.
Once operational, the project is expected to contribute 600 billion VND to Cao Bang’s gross regional domestic product (GRDP) and over 200 billion VND to the local budget, while generating jobs and raising income for some 500 direct workers, and thousands of indirect labourers.
Part of Cao Bang’s smart agriculture development plan for the 2020-2025 period, with a vision towards 2030, the dairy cow project uses cutting-edge technologies of Israel, New Zealand, the Netherlands and Japan.
Speaking at the ground-breaking ceremony, Deputy Minister of Agriculture and Rural Development Phung Duc Tien asked local authorities and competent agencies to facilitate the implementation of the project.
Last month, TH Group kicked off the construction of the largest dairy cow project in the Central Highlands. It plans to carry out similar projects in the Mekong Delta province of An Giang, aiming to expand its cow herd to 400,000 heads by 2025./.