Monday, September 25 2017

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Vietcombank to lend VNĐ60 billion to egg processing plant

Update: April, 26/2017 - 18:27
The Ba Huân Company, a leading processor of clean eggs, has completed a farm-to-fork hygiene chain, including an 18ha high-tech poultry farm with a total of 1 million fowl. — Photo vfpress.vn
Viet Nam News

HÀ NỘI — Vietcombank lent Việt Nam’s leading egg supplier Ba Huân Company Ltd VNĐ60 billion (US$2.6 million) to build a high-tech egg processing plant in Hà Nội.

Total investment in the first phase of the plant, inaugurated in the middle of April, reached VNĐ105 billion.

The two-hectare plant is designed to process 65,000 eggs per hour and is located in Hà Nội’s outlying district of Phúc Thọ.

The factory will use automated egg packaging equipment supplied by the Netherlands’ Moba Group, which specialises in egg grading, packaging and processing machinery.

The inauguration of this high-tech poultry production line will supply the demand of Ha Noi residents for clean eggs. It is expected to be one of the best suppliers of clean and safe food in the northern market, boosting local socio-economic development, said Vice Chairman of the Hà Nội People’s Committee, Nguyễn Doãn Toản, at the inauguration ceremony.

Currently, the Ba Huân company has completed the food safety hygiene chain from farm to fork, including an 18ha high-tech poultry farm with a total of 1 million fowl, a feed processing factory with a capacity of 20 tonnes per hour, a two-hectare poultry egg packaging plant with a capacity of 185,000 eggs per hour in HCM City, and a five-hectare food processing plant with a daily capacity of 50 tonnes.

In March, Vietcombank provided VNĐ600 billion (out of a total investment capital of VNĐ800 billion) for DTK Corporation’s clean egg factory in the northern province of Phú Thọ - the largest project in high-tech clean egg production in Việt Nam until now. The project comprises two phases, and will produce 175 million eggs annually, equaling nearly 500,000 eggs per day, once it is fully operational in 2018. In the first phase, the factory is expected to produce 300,000 eggs per day.

Vietcombank plans to spend at least VNĐ10 trillion in high-tech agricultural loans, supporting the Government’s VNĐ100 trillion credit package for high-tech agriculture. — VNS

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