CP Vietnam to put Southeast Asia’s largest chicken processing project into operation

The last picture shows Deputy Prime Minister Truong Hoa Binh pressing the inauguration button to initiate the export of C.P Vietnam’s processed chicken products

Under the theme of “Binh Phuoc-Potential and Opportunity for Investment”, the conference provided the economic and social panorama; connection and investment promotion of Binh Phuoc, a province in the key economic region of the South with great potentials for industrial development, hi-tech agriculture, trade and logistics services; ecotourism, spirituality, etc. Especially, up to now, Binh Phuoc province is now home to 13 IPs with 4,686 hectares in total. As for the 2021-2030 period, the province approved policies on expansion for 3 IPs and establishment of 4 IPs, bringing the total number of IPs herein so far to 17 with 10,000 hectares in total. At the conference, Binh Phuoc provincial People’s Committee also awarded investment policy decisions, investment registration certificates to 35 investors, implemented 46 investment projects with total registered capital of over VND 46.000 billion.

On this occasion, Permanent Deputy Prime Minister Truong Hoa Binh also attended the inauguration ceremony of CPV FOOD Factory Complex of CPV FOOD Co., Ltd. (a member of C.P Vietnam Livestock Joint Stock Company, Bien Hoa City). The  US$250million complex is invested on an area of more than 10 hectares. This is also the first closed processing model in Viet Nam, consisting of animal feed factory, breeding farm, egg incubation factory, broiler farms for meat, and slaughter-processing factory with the annual capacity of 50 million chickens for the phase 1 and 100 million chickens for the phase 2 in 2023. On this occasion, the company also exported the first batch of processed chicken products to the Hong Kong market.

Permanent Deputy Prime Minister Truong Hoa Binh highly appreciated and congratulated C.P Livestock Joint Stock Company in the construction of a complex of modern, large-scale, closed-chain processing factories serving the export market. The Binh Phuoc Investment Promotion Conference is a good opportunity to help domestic and foreign investors seek investment and business opportunities effectively. Binh Phuoc should give priority to investment in transport infrastructure connecting the regions to create breakthroughs in economic development; build value chain linkages. To attract investment, the locality must focus on creating a breakthrough in administrative procedure reform, developing high-quality human resources, a contingent of skilled workers, etc. The Government commits to always create favorable conditions for localities and investors to develop economies of regional scale.

Phan Anh