Delegates attend the project's ground-breaking ceremony. — Photo baodautu.vn
CAO BẰNG — TH Group began construction of a high-tech dairy farm project in Quang Hòa District in the northern mountainous province of Cao Bằng late last week.
With a total investment capital of VNĐ2.54 trillion (US$109.7 million), 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 VNĐ600 billion to Cao Bằng’s gross regional domestic product (GRDP) and more than VNĐ200 billion to the local budget, while generating jobs and raising income for some 500 direct workers, and thousands of indirect labourers.
Part of Cao Bằng’s smart agriculture development plan for the 2020-25 period, the dairy project uses cutting-edge technology of Israel, New Zealand, the Netherlands and Japan.
TH Group will continue to pursue the close-loop production system in the project and coordinate with local farmers in developing material areas.
Speaking at the ground-breaking ceremony, Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến asked local authorities and competent agencies to facilitate the implementation of the project.
Last month, TH Group also began 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 by 2025. — VNS