Vietnam Dairy Products Joint Stock Company (Vinamilk) on September 11th received a license to invest in a high-quality milk processing plant, the New Zealand’s Miraka Limited Company.
It is also Vinamilk’s first investment project overseas so far.
The plant will purchase fresh milk from farmers in Taupo, New Zealand and produce high-quality milk products to sell on the international market. It is estimated that the project will have a total investment capital of NZD121 million with an output capacity of 32,000 tonnes of powdered milk per year.
The project is expected to come into operation from August 2011.
Translated by Vu Hung