Mavin Group breaks ground on $13.3 mln agricultural complex in northern Vietnam highlands
Australian-backed Mavin Group on Saturday broke ground on its Mavin Mai Son animal feed production and agricultural products processing factory complex in the northwestern province of Son La.
The VND350 billion ($13.3 million) complex, located in the Chieng Mung commune-based Mai Son Industrial Park, aims to bring products to the markets from 2026 and turn Son La province into the northwestern region's husbandry center.
Mavin Mai Son, invested by Mavin Son La Company Lld. - a subsidiary of Mavin Group, is identified as a strategic project to help Son La increase the value of its agricultural sector through deep processing with modern technology.
Covering over 109,579 square meters, the complex includes two components: an animal and poultry feed production factory with an annual capacity of 200,000 tons and an agricultural products processing factory (corn, cassava etc.) with an annual capacity of 300,000 tons.

David Whitehead, chairman of Mavin Group, speaks at the ground-breaking ceremony for an animal feed production and agricultural products processing complex in Son La province, northern Vietnam, August 16, 2025. Photo courtesy of the company.
David Whitehead, chairman of Mavin Group, said that Son La has a large agricultural land area and diverse climate which are advantages for the development of livestock, poultry, and aquaculture.
In recent years, the province's husbandry output has increased steadily, especially cattle, pigs, and poultry. Son La is also home to corn and cassava raw material areas for animal feed processing.
However, the major limitation is that the added value is not high, because most of the products are still in raw form, unprocessed, or processed on a small scale.
Speaking at the ceremony, Whitehead noted that Mavin Mai Son is the first step in Mavin's strategy to expand its operations in the northwestern region. The group is determined to close the value chain from feed production and husbandry to processing, and wish to work with Son La province to build this place into a husbandry center for the northwestern region.
Following the Mavin Mai Son project, Mavin Group will continue to invest in large-scale husbandry complexes applying high technology and under cooperation models with farmers, and move towards investing in meat processing plants, contributing to the formation of a modern and sustainable agricultural ecosystem in Son La and neighboring provinces.
Mavin Group is the successor of Austfeed, a joint venture project between Vietnam and Australia, started with an animal feed factory in Hung Yen.
It is one of the few enterprises in Vietnam possessing closed agricultural value chains, including animal feed, livestock, veterinary medicine, and food processing.
The company's system of factories, farms, research centers, and distribution networks are present in many provinces and cities in Vietnam.
Mavin is also a strategic partner of the International Finance Corporation (IFC), a financial arm of the World Bank Group.
On its website, the group claims it is also the first enterprise in Vietnam to implement highly automated systems in all the production process to increase productivity and limit the negative effects on the environment.
- Read More
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7
Sun Group, US Embassy foster aviation-hospitality cooperation
Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.
Companies - Mon, September 15, 2025 | 9:54 pm GMT+7
Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1
Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.
Companies - Mon, September 15, 2025 | 8:10 pm GMT+7
Central Vietnam to have new airport Mang Den
Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.
Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7
Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital
The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.
Economy - Mon, September 15, 2025 | 2:20 pm GMT+7
Agribank introduces sizable $4.17 bln preferential credit package
Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.
Companies - Mon, September 15, 2025 | 1:32 pm GMT+7
'Precious space' in Vietnam's monetary policy
The Federal Reserve's continued cuts in 2025, with the most recent in September, are considered a valuable policy "space" for the State Bank of Vietnam (SBV) to maintain low interest rates to support growth without having to worry too much about exchange rates.
Economy - Mon, September 15, 2025 | 10:15 am GMT+7
Vietnam’s central bank sells $1.5 bln to stabilize currency: broker MBS
The State Bank of Vietnam (SBV) intervened in the foreign exchange market by selling approximately $1.5 billion via 180-day cancelable forward contracts from August 25-26, in an effort to ease pressure on the Vietnamese dong, according to a recent report by MB Securities (MBS).
Banking - Mon, September 15, 2025 | 8:04 am GMT+7
Hanoi aims to break ground on $11.4 bln Red River Boulevard & Landscape project by Jan 2026
A consortium of “tunnel king” Deo Ca Group and real estate developer Van Phu Invest has been assigned by the Hanoi People’s Committe to prepare an investment proposal for the VND300 trillion ($11.37 billion) Red River Boulevard & Landscape project.
Real Estate - Mon, September 15, 2025 | 7:55 am GMT+7