The CP Vietnam Corporation, based in the southern province of Binh Phuoc, plans to invest in a project to raise and process 100 million chickens per year for export.
According to Vu Anh Tuan, Deputy Director General of the CP Vietnam Corp, in the first phase of the project, worth nearly US$250 million, the company will produce one million chickens per week.
The project aims to expand chicken export markets, ensuring food safety, product origin tracing and a sustainable business environment.VNA
The corporation has clients in Japan and the EU, Tuan said, adding that Vietnam can compete with Thailand in chicken exports, as the country has the same chicken breeding cost as Vietnam.
The firm will invest in chain chicken production, from producing chicken feed, to breeding chickens and then to slaughtering them.