Cargill inaugurates 11th Vietnam factory in Dong Nai

By Lan Do
Mon, September 25, 2023 | 4:32 pm GMT+7

U.S.-based agribusiness giant Cargill inaugurated its 11th Vietnam factory in the southern province of Dong Nai on Monday.

The $28 million Provimi Premix plant, located in Trang Bom district, has an area of 30,000 square meters and a capacity of 40,000 tons per year.

The new plant's production and warehousing capacity will increase Vietnam's premix capacities and self-sufficiency, as also improve the precision and traceability of these specialist micronutrient products, Cargill Vietnam said.

The factory is almost 95% automated, and the most advanced technology in the industry will ensure reliable quality control for partners and customers, it added.

Duc Thang Pham, managing director, Cargill Animal Nutrition Thailand and Vietnam, speaks at the inauguration ceremony for the Provimi Premix plant in Dong Nai province, southern Vietnam, September 25, 2023. Photo by The Investor/Lan Do.

Duc Thang Pham, managing director, Cargill Animal Nutrition Thailand and Vietnam, speaks at the inauguration ceremony for the Provimi Premix plant in Dong Nai province, southern Vietnam, September 25, 2023. Photo by The Investor/Lan Do.

Cargill Vietnam currently has 11 animal feed processing factories in as many localities. The other 10 factories are located in Hung Yen, Ha Nam, Nghe An, Binh Dinh, Dong Nai, Binh Duong, Long An, Tien Giang, Dong Thap and Can Tho.

A team of over 2,000 people work in its various branches and offices.

Cargill’s new Provimi Giang Dien facility will produce animal nutrition products ranging from low inclusion premixes to high inclusion basemix which contains high inclusion nutrition technology - and other additives and specialty ingredients under the brand Provimi to serve multiple customer segments including farmers of livestock, aquaculture and feed mills all over Vietnam, according to Duc Thang Pham, managing director of Cargill Animal Nutrition Thailand and Vietnam.

“Vietnam continues to be an important market for Cargill globally. This expansion is part of our long-term strategic vision for Vietnam and in line with the growth predictions for the country’s agricultural sector, and the Asia Pacific region,” said Scott Ainslie, group director for Cargill Animal Nutrition in South and Southeast Asia.

Melissa Bishop, deputy U.S. ambassador to Vietnam, said: “Economic ties between the U.S. and Vietnam have flourished since 1995. The launch of this new plant is the latest example of the strong bilateral cooperation."

Last year, U.S - Vietnam agricultural trade reached $9.8 billion. Vietnam is now the ninth largest importer of U.S. agricultural products, while the U.S. is the largest importer of Vietnamese agricultural products, according to Bishop.

“This incredible growth was possible thanks to the strong partnerships, collaboration, and commitment to long-term investment in Vietnam from companies like Cargill,” she added.

Cargill is a leading American corporation in the fields of agriculture, food, industrial products, and financial services, with more than 155,000 employees working in 70 countries across all continents. It was one of the first U.S. companies to invest in Vietnam in 1995, soon after the normalization of Vietnam-U.S. relations. Since then its has grown into a leading animal nutrition and agricultural commodity company in the country.

American agri-business group ADM, Bunge, Cargill, and France-based Louis Dreyfus are called the “ABCD” quartet of agri-business companies worldwide. In April 2022, the Asian Development Bank (ADB) signed an agreement to provide Louis Dreyfus with a $100 million loan to help smallholder farmers in five countries, including Vietnam, recover from pandemic-generated economic challenges.

Comments (0)
  • Read More
VSIP starts work on industrial park project in northern Vietnam province Thai Binh

VSIP starts work on industrial park project in northern Vietnam province Thai Binh

Construction of the Vietnam-Singapore Industrial Park (VSIP) Thai Binh commenced on Wednesday in northern Vietnam, with the witness of Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong.

Industrial real estate - Wed, March 26, 2025 | 10:41 pm GMT+7

Vingroup starts building mega urban project in Vietnam's Mekong Delta

Vingroup starts building mega urban project in Vietnam's Mekong Delta

Vietnam’s leading private conglomerate Vingroup on Wednesday embarked on construction of the VND28 trillion ($1.1 billion) Vinhomes Green City, the first mixed-use urban development in its ecosystem in the Mekong Delta province of Long An.

Real Estate - Wed, March 26, 2025 | 10:11 pm GMT+7

Indonesia, China cooperate in digital technology

Indonesia, China cooperate in digital technology

Indonesia and China are expanding cooperation in the field of AI to promote digital transformation, especially in the fields of agriculture and smart cities.

Southeast Asia - Wed, March 26, 2025 | 10:01 pm GMT+7

Indonesia decides to join BRICS New Development Bank

Indonesia decides to join BRICS New Development Bank

Indonesian President Prabowo Subianto has announced the Government's decision to become a member of the New Development Bank (NDB), a multilateral development bank established by the five founding member states of the BRICS group.

Southeast Asia - Wed, March 26, 2025 | 9:57 pm GMT+7

Major Vietnamese broker SHS to double charter capital

Major Vietnamese broker SHS to double charter capital

Saigon-Hanoi Securities Corporation (SHS) plans to issue 894 million shares to increase its charter capital from VND8.13 trillion to VND17.07 trillion ($667.6 million), making it one of the top three securities firms in term of charter capital.

Companies - Wed, March 26, 2025 | 8:30 pm GMT+7

Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam

Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam

Vietnam has allowed the U.S.'s SpaceX to pilot Starlink low-orbit satellite internet service in the country on a pilot basis until January 1, 2031.

Industries - Wed, March 26, 2025 | 5:18 pm GMT+7

Danish toymaker Lego to open $1.3 bln Vietnam plant next month

Danish toymaker Lego to open $1.3 bln Vietnam plant next month

Denmark's Lego will officially open its factory in VSIP III Industrial Park in Vietnam's southern province of Binh Duong on April 9.

Industries - Wed, March 26, 2025 | 4:18 pm GMT+7

Top Singaporean firms earn high incomes in Vietnam

Top Singaporean firms earn high incomes in Vietnam

Singapore is the second-biggest foreign investor in Vietnam, with over $84 billion in registered investment capital as of end-January and many prominent investors raking in high incomes.

Companies - Wed, March 26, 2025 | 3:45 pm GMT+7

Vietnam, Singapore ink significant deals in Hanoi

Vietnam, Singapore ink significant deals in Hanoi

Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong on Wednesday witnessed the signing of many cooperation deals between agencies and enterprises of the two countries.

Economy - Wed, March 26, 2025 | 2:51 pm GMT+7

Vietnam's major policies are reshaping economic development

Vietnam's major policies are reshaping economic development

Major policies are reshaping Vietnam's approach to economic development, which focuses on science, technology, and private enterprises, said a leader at the Vietnam Chamber of Commerce and Industry (VCCI).

Economy - Wed, March 26, 2025 | 12:11 pm GMT+7

PM okays over $10 bln urban area project in central Vietnam

PM okays over $10 bln urban area project in central Vietnam

The over VND260.3 trillion ($10.16 billion) Cam Lam New Urban Area project in the south-central province of Khanh Hoa has received in-principle approval from Prime Minister Pham Minh Chinh.

Real Estate - Wed, March 26, 2025 | 8:58 am GMT+7

S Korea's KIM Fund raises stake in Vietnam's marine transportation firm VIPCO

S Korea's KIM Fund raises stake in Vietnam's marine transportation firm VIPCO

South Korea’s KIM Fund has increased its stake in Hai Phong city-based Vietnam Petroleum Transport JSC (VIPCO, HoSE: VIP) to 2.73%, making it the latter’s second-largest shareholder.

Companies - Wed, March 26, 2025 | 8:30 am GMT+7

Vietnam, Singapore seek cooperation chances in semiconductor industry

Vietnam, Singapore seek cooperation chances in semiconductor industry

The Vietnam Trade Office in Singapore, in collaboration with the Singapore Semiconductor Industry Association (SSIA), organized a hybrid seminar on Monday to introduce Vietnam's potential, advantages, and development strategies for the semiconductor industry.

Southeast Asia - Tue, March 25, 2025 | 10:55 pm GMT+7

OV intellectuals in UK suggest blueprint for Vietnam’s int’l financial hub ambition

OV intellectuals in UK suggest blueprint for Vietnam’s int’l financial hub ambition

Vietnam can rise as a major international financial centre, both regionally and globally, with a strategic vision that highlights transparency, a skilled workforce, modern infrastructure, robust financial markets, and strong international branding, the Vietnam Intellectual Society in the UK and Ireland (VIS) told visiting Vietnamese Permanent Deputy Prime Minister Nguyen Hoa Binh in a recent meeting.

Southeast Asia - Tue, March 25, 2025 | 10:55 pm GMT+7

Vietnam Deputy PM discusses financial center development with ECB

Vietnam Deputy PM discusses financial center development with ECB

Vietnam's Standing Deputy Prime Minister Nguyen Hoa Binh on Monday met with representatives of the European Central Bank (ECB) to discuss plans for the establishment of financial centers in Vietnam, as part of his working visit to Germany – the final stop in his European tour.

Southeast Asia - Tue, March 25, 2025 | 10:52 pm GMT+7

Indonesia keeps commitment on energy transition

Indonesia keeps commitment on energy transition

Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto on Monday affirmed that the U.S. decision to pull out of the Just Energy Transition Partnership (JETP) will not impact the other partners' commitment to it.

Southeast Asia - Tue, March 25, 2025 | 10:35 pm GMT+7