VAL opens second line of largest soybean crushing complex in Southeast Asia

Bich Ngoc - Le Toan
Vietnam Agribusiness Limited (VAL), a joint venture between Bunge and Wilmar focused on oilseed processing and the supply of food and feed products, inaugurated its second soybean crushing line at Phu My 1 Industrial Park on December 10.
aa
VAL opens second line of largest soybean crushing complex in Southeast Asia
Opening line 2 of the largest soybean crushing complex in Southeast Asia in Ho Chi Minh City on December 10

This 4,000 tons daily processing capacity, combined with line 1 (in operation since 2011), boosts VAL's total crushing capacity to 7,800 tons per day, solidifying its position as the largest soybean crushing complex in Southeast Asia. This development marks a significant milestone for VAL, directly strengthening Vietnam's strategic raw-material security for its livestock and food industries.

The plant is estimated to produce more than 500,000 tonnes of crude soybean oil annually, catering to both domestic consumption and export markets. This elevates Vietnam's standing among the region's leading soybean oil exporters, with significant reach into key markets such as South Korea.

At the event, Nguyen Cong Vinh, Vice Chairman of Ho Chi Minh City People's Committee, stated that the inauguration ceremony stands as vivid testimony to the trust of international investors in Ho Chi Minh City's prospects for robust and sustainable development.

"The new plant is expected to become one of the major agricultural processing projects in Southeast Asia. It will feature modern production lines that meet stringent environmental standards and align with the city's orientation towards high-tech agricultural development," Vinh said.

This investor believes that, with its strategic location in Phu My ward, an industrial, urban, port, and logistics gateway, together with its capacity to supply around 30 per cent of the soybean meal market for the animal feed industry, this project will play an important role in ensuring food security, reducing supply chain risks, and stabilising production costs for the livestock sector. This will increase budget revenue and create thousands of stable, high-income jobs, thereby improving the livelihoods of residents and fostering the city's sustainable growth.

Nguyen Minh Vi, general director of VAL, stated the inauguration of this second soybean crushing line marks a pivotal milestone in VAL's long-term strategy to expand production capacity to meet growing demand in both domestic and international markets.

“It reflects our strong commitment to supporting Vietnam's livestock industry and advancing the nation's strategic goal of securing essential raw materials. With one of the largest integrated production complexes in the region, powered by advanced technology and guided by a sustainability-driven approach, VAL is confident in its ability to deliver meaningful value to our partners and communities, contributing to the development of a modern, self-reliant, and sustainable livestock industry,” Vi said.

Located on an 11.2-hectare site within a strategic industrial hub, the VAL complex stands among the most advanced facilities in the region, purpose-built for maximum efficiency and superior product quality. The complex features eight high-capacity storage silos totalling 120,000 tonnes, equipped with fully automated temperature and humidity control systems to maintain freshness, nutrient stability, and optimal processing standards.

With an investment exceeding $100 million, the new line is engineered to leading international standards, integrating full automation with real-time quality monitoring and control systems.

At full capacity, both crushing lines will annually process up to 2.6 million tonnes of soybeans, producing close to two million tonnes of soybean meal, meeting approximately 30 per cent of Vietnam's domestic animal feed demand.

Vietnam's livestock industry has grown consistently at 3-5 per cent annually over the past two decades, fuelling strong demand for plant-based protein sources like soybean meal.

VAL opens second line of largest soybean crushing complex in Southeast Asia
At full capacity, the plan will annually process up to 2.6 million tonnes of soybeans and two million tonnes of soybean meal, meeting approximately 30 per cent of Vietnam's domestic animal feed demand
Bich Ngoc - Le Toan

Đọc thêm

Lynas secures Vietnam metal processing deal with LS Eco Energy

Lynas secures Vietnam metal processing deal with LS Eco Energy

Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre

Warburg Pincus eyes participation in Vietnam International Finance Centre

Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam

Novatek eyes expanded LNG cooperation in Vietnam

As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam

EU to mobilise over $1 billion for major infrastructure projects in Vietnam

The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties

NIC partners with TU Berlin to boost Vietnam innovation ties

The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary

ACB proposes $20 million non-life insurance subsidiary

Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
New regulations create more transparent corporate bond market

New regulations create more transparent corporate bond market

A new draft decree on corporate bonds seeks to enhance transparency, tighten accountability, and strengthen oversight to rebuild investor confidence, and support capital market development.
Xem thêm