AVG Capital Partners has signed a memorandum of understanding with the Thanh Hoa Province People’s Committee to build a $1.4-billion pork processing complex in the province.
A pig farm will be built on 1,000 hectares of land in the Nghi Son Economic Zone to raise five million hogs a year. A compound animal feed production plant with a capacity of two million tons a year, a slaughterhouse and a meat processing plant with a capacity of 0.6 million tons will also be built.
The project will be divided into three phases.
An AVG spokesperson said it would comply with Vietnamese environmental laws and regulations.
The Russian private equity company is a major investor in agriculture, animal feed production, meat processing, and sugar production.
Reported by Anh Tu, @Vnexpress