Lam Dong Province Approves VND 450 Billion Meat Processing Plant Investment

In Lam Dong Province, located in Vietnam's Central Highlands, a significant investment for the construction of a meat processing plant has been approved. The Lam Dong Provincial Industrial Zone Management Board has issued an investment registration certificate to CP Vietnam for the "Lam Dong Meat Processing Plant" project. The project will be built within the Ham Kiem II Industrial Zone, covering an area of over 6.1 hectares, with a total investment of VND 450 billion (approximately $18 million USD). It aims to produce 57,000 tons of meat products annually, particularly focusing on livestock meat and processed goods. This initiative is expected to contribute to the modernization and strengthening of Vietnam's domestic meat industry supply chain. On the same day, other investment projects were also approved. Thien Truong Group will invest approximately VND 120 billion (around $7.5 million USD) in the Loc Son Industrial Zone to build a plant producing 60,000 tons of animal and aquatic feed annually. Additionally, Han Viet Rubber Phan Thiet Company Limited will invest VND 60 billion (around $3.8 million USD) in the Ham Kiem I Industrial Zone to produce 50,000 rubber products annually. Lam Dong Province currently has 14 established industrial zones, with nine of them operational. These zones have attracted 248 projects with a total capital of approximately VND 46 trillion (around $2.9 billion USD) and $530 million USD. The province plans to develop 35 industrial zones by 2030, covering a total area of about 15,900 hectares. These investment projects are part of the Vietnamese government's industrialization and modernization policy, with a particular focus on enhancing the competitiveness of the agricultural processing sector. Under its one-party system, Vietnam continues to pursue economic growth, actively attracting foreign investment. Simultaneously, it aims for economic independence and diversification while maintaining its complex relationship with China. The development of the meat processing industry holds the potential not only to expand domestic consumption but also to explore export markets. Investors are required to strictly adhere to relevant laws, including the Law on Investment, Law on Construction, and environmental protection regulations. Specifically, before commencing operations, enterprises must implement appropriate measures for collecting and treating exhaust gases, odors, solid waste, and wastewater to meet environmental standards, ensuring no impact on other production units in the area. Furthermore, projects will only be permitted to operate after all necessary procedures and conditions stipulated by law have been fully met. Source: Nhan Dan