June 16, 2026

 

Vietnam Livestock Corporation allows sale of major beef production site in northern Vietnam

 

Vietnam Livestock Corporation JSC (VLC) has approved the sale of a large-scale beef production complex in northern Vietnam to its joint venture - Japan Vietnam Livestock Company Limited (JVL) - for ₫1.17 trillion ($44.56 million).

 

The VLC board approved the deal on Tuesday, authorising the transfer of the Vinabeef Tam Dao integrated cattle farming and processing project to JVL.

 

JVL is a joint venture where VLC holds a 51% stake while its Japanese partner, Sojitz Corporation, owns 49%.

 

As of July 2024, JVL, established in September 2021, had registered capital of ₫2.9 trillion ($110.17 million).

 

According to VLC, the transaction value represents the final transaction price and includes value-added tax, construction assets, and all project-related costs incurred up to the signing date.

 

The Vinabeef Tam Dao cattle farming and processing complex is located on a 75.6-hectare site in the former Vinh Phuc province, now part of the northern province of Phu Tho following their merger last July.

 

The project comprises a beef cattle farm with a capacity of 10,000 head and a chilled beef processing plant capable of handling 30,000 cattle annually. At full capacity, the complex is expected to supply approximately 10,000 tonnes of beef products to the domestic market yearly. Construction began in March 2023, with all facilities entering commercial operation by May 2025.

 

The project was developed as a fully integrated farm-to-table operation covering breeding, feeding, processing and distribution. The facility utilises equipment and technologies sourced from Europe and Japan, while its cattle-raising model incorporates Japanese production standards adapted to Vietnam's climate and agricultural conditions.

 

- The Investor