Vinamilk’s investment capital in Lao-Jagro has increased from 25.4 million USD to 66.4 million USD. Additional capital increased to build the first two farms in the complex of high-tech dairy farms in Laos.
Vinamilk (HoSE: VNM) announced that it has received the 1st adjusted offshore investment registration certificate to increase Vinamilk’s investment capital at Lao-Jagro Development Xiengkhouang (Lao-Jagro) from 25.4 million. USD to 66.4 million USD.
Vinamilk’s pouring an additional 41 million USD (more than 950 billion VND) is to complete some additional items of the first 4,000 organic cow farm and invest in a high-tech 4,000 cow farm ( HF) second. So far, Lao-Jagro is building the first two farms in the complex of high-tech dairy farm projects in Laos.
This combination is also known as the “resort” of organic dairy cows in Laos, which is part of Vinamilk’s long-term strategy to develop fresh milk material areas at home and abroad. Total investment is 500 million USD for 2 phases.
In which phase 1, the complex has a scale of 24,000 children, a total area of 5,000 hectares, investment capital of 120 million USD and has started the first farm with a scale of 8,000 in 2019. Phase 2 is invested to raise Herd size is up to 100,000 heads
Vinamilk holds 51% in Lao-Jagro together with partners from Laos and Japan. Currently, Vinamilk’s General Director Mai Kieu Lien is the Chairman of the Board of Directors of Lao-Jagro, in addition there are 2 other Vinamilk representatives who also have seats on the Board of Directors.