The northern province of Hai Duong has given an in-principle nod to American Feeds Company (AFC) for a $17 million animal feed project with an annual capacity of 300,000 tons.
AFC, a wholly-owned subsidiary of multinational animal feed producer Gold Coin Management Holding Limited, will set up the project on a 3.88 hectare area straddling the provinces of Hai Duong and Hung Yen. The project will function until September 2045.
Singapore-headquartered Gold Coin entered Vietnam in 1995 and now operates five animal feed mills in the provinces of Hai Duong, Ha Nam, Dong Nai, Binh Duong and Dong Thap.
The firm is currently constructing one more facility in the Mekong Delta province of Long An. The Long An factory with an investment of $45 million and an annual output of 300,000 tons will increase Gold Coin’s annual capacity in Vietnam to 1.1 million tons.
Vietnam spent $450 million on importing animal feed in January 2024, up 19.5% year-on-year, according to the General Statistics Office (GSO).
In 2023, the country’s spending on animal feed reached $4.99 billion, down 10.8% year-on-year.
Vietnam has attracted several foreign investments in animal feed. In November 2023, Singapore-based animal feed maker Entobel, a global leader in the production of functional insect protein for animal and plant nutrition, opened its new black soldier fly (BSF) production plant in the southern province of Ba Ria-Vung Tau.
The facility, marking Entobel’s second industrial-scale production unit in Vietnam, has an annual production capacity of 10,000 tons of insect protein.
In September 2023, Dutch agribusiness De Heus inaugurated a new VND500 billion ($20.5 million) aqua feed mill in the Mekong Delta city of Can Tho. The factory, located in the Tra Noc Industrial Park, has an annual designed capacity of 240,000 tons. It will produce pangasius feed with state-of-the-art technology, the company said.
In May 2023, Indonesia-invested Japfa Comfeed Vietnam Ltd. Co. inaugurated a feed mill and poultry slaughterhouse, with registered capital of VND400 billion ($17.04 million) each, in the southern province of Binh Phuoc.