Vinamilk, the largest dairy producer in Vietnam, recently imported 500 dairy cows from the US and plans to buy an additional 1,100-1,200 cows next year for its dairy cow farm in the central province of Quang Ngai to boost the domestic supply of raw milk.

Vinamilk splashed out some 700 billion dong ($30.2 million) on the high-tech farm, which spans 100ha in Quang Ngai province and is home to 4,000 milch cows.

The farm, Vinamilk’s second-largest, will be inaugurated in Duc Hoa commune, Mo Duc district in March next year.

Last year, Vinamilk inaugurated Vietnam’s largest dairy cow farm in Tay Ninh province. Invested at a total cost of more than 1.2 trillion dong, the farm covers 685ha in Long Khanh commune, Ben Cau district. With a herd of 8,000 cows, the farm provides 100,000 litres of fresh milk per day, equivalent to 40 million litres of milk annually.

Vinamilk recorded more than 45.27 trillion dong in revenue during January-September, up 7.4 per cent year-on-year. Its post-tax profit surged seven per cent from the same time last year to 8.96 trillion dong.

Next year, the firm hopes to gain 59.6 trillion dong in revenue and 10.69 trillion dong in post-tax profit, up six per cent and one per cent compared to the figures last year.

VIET NAM NEWS/ASIA NEWS NETWORK