September 27, 2006

Vietnam's food processing attracted US$858 million

The livestock breeding and animal food processing sector has attracted 88 foreign-invested projects worth over US$858 million, according to a Vietnamese economic magazine, VN Economy. 

The investments, accounting for 11.6 percent of the foreign direct capital invested in agriculture, were mostly located in the southeastern regions of the country like Dong Nai, Binh Duong provinces and Ho Chi Minh City

Favourable natural conditions and good infrastructure facilities, plus a huge demand make these regions an ideal place for investment, the magazine said.

Most of the investors hail from the Netherlands, France, Singapore and China. Examples include the Vietnam Husbandry Joint-stock Company, Proconco and Cargill.