A representative of the Binh Dinh Investment Promotion Center said Chang Bok Sang, president of CJ Group in Vietnam, met the province’s leaders last week to seek their nod for an animal feed factory at Nhon Hoa Industrial Park in An Nhon Township. The US$15-million facility with a monthly capacity of 15,000 tons is planned to go up on an area of four hectares.

The source told the Daily that the investor is expected to start work on the animal feed plant next month and put into operation the facility at the end of next year.

In the agricultural sector, CJ wants to develop a pig farm in Binh Dinh. Besides, it looks to set up a tuna processing plant in the central province, which is an advantage of the province.

This project is appropriate for Binh Dinh’s zoning plan for the sector as the province has zoned 60 hectares in Cat Khanh Commune in Phu Cat District for an industrial park specializing in seafood processing.

The Korean firm suggested expanding a cinema in the central province. CJ is cooperating with partners to produce films in a number of localities in Vietnam.

The enterprise will study policy and tax incentives and find suitable locations to carry out its projects. 

Earlier, CJ Vietnam said it would invest an extra US$500 million in Vietnam this year after having poured around US$400 million into this market in the past 20 years. The fresh investment will go to new projects or merger and acquisition (M&A) deals in culture, food and agro-aqua-forestry industries.

Source: Thesaigontimes.vn