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Vinamilk plans to import 1,200 milch cows from US in 2021

VietnamPlus Monday | 11/02/2020 15:49

Vinamilk's organic dairy cow farm. Photo: VNA

Vinamilk imported 500 dairy cows from the US, and plans to buy additional 1,100-1,200 cows in 2021 for its farm in Quang Ngai to boost the domestic supply of raw milk.

Vinamilk splashed out some VND700 billion ($30.1 million) on the high-tech farm, which spans 100 hectares in Quang Ngai province and raises 4,000 milch cows.

The farm, the second largest farm of Vinamilk, will be inaugurated in Duc Hoa commune, Mo Duc district in March 2021.

Last year, Vinamilk inaugurated Vietnam’s largest dairy cow farm in Tay Ninh province.  Invested at total cost of more than VND1.2 trillion, the farm covers 685 hectares in Long Khanh commune, Ben Cau district. With a herd of 8,000 cows, the farm provides 100,000 litres of fresh milk per day, equivalent to 40 million litres of milk annually.

Vinamilk recorded over VND45.27 trillion in revenue during January-September, up 7.4 percent year on year. Its post-tax profit surged 7 percent from the same time last year to VND8.96 trillion.

In 2020, the firm targets to gain VND59.6 trillion in revenue and VND10.69 trillion in post-tax profit, up 6 percent and 1  percent as compared to the figures in 2019.

Source: VietnamPlus

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