South Korea’s CJ to raise animal feed investment in northern Vietnam province

CJ Vina Agri, a Vietnam-based animal feed producer under South Korean conglomerate CJ, will raise its investment in the northern province of Ha Nam to $31.4 million.

This is the eighth adjustment that the 7.5 hectare project at the Dong Van II Industrial Park has received since the first in July 2016.

The project’s $24.4 million first phase, carried out since September 2017, has generated an annual output of 144,000 tons of animal feed and 42,000 tons of fisheries feed.

The first part of the second phase, implemented since May 2022, has added an annual capacity of 96,000 tons of animal feed on an investment of $3.5 million.

The second part of the second phase, with an investment of another $3.5 million, is set to become operational in May 2026 and churn out 24,000 tons of animal feed and 30,000 tons of fisheries feed every year.

Overall, the project’s annual output is set to reach 336,000 tons.

The firm has reported that the project needs input materials of 337,081 tons a year, which is sourced domestically and imported from Argentina, Australia, China, India, the U.S., the UAE, Indonesia, Malaysia and the Philippines.

CJ Agri Vina currently operates various factories in the provinces of Long An, Hung Yen, Vinh Long, Dong Nai, Ha Nam, Binh Dinh and Binh Duong.

Vietnam’s animal feed market features many foreign giants, including Cargill (the U.S.), Haid (China), Charoen Pokphand (Thailand), De Heus (the Netherlands), BRF (Brazil) and Japfa (Indonesia).

In the first seven months of this year, Vietnam’s output of animal feed and fisheries feed reached 8.65 million tons and 4.77 million tons, up 5.9% and 2.8% year-on-year, respectively, according to the General Statistics Office.