Chinese company Sichuan Tequ Group has invested $10 million in a Vietnam feed mill in the country's northern Bac Giang Province.
The venture is expected to bring advanced feed production technology and management experience to Vietnam, and further enhance agricultural cooperation between the two countries, according to Hoang Kim Giao, director of the Livestock Breeding Department under the Vietnamese Ministry of Agriculture and Rural Development. The mill will have an annual output of 400,000 tons.
The group will construct seven more feed manufacturers, two breeding pig farms and two breeding poultry farms in Vietnam during 2012-2017, bringing the group's annual sales to 2.8 million tons and its annual production value to $3 billion by 2020, according to the company.
