In a recent decision on September 4th, the Provincial People’s Committee of Binh Dinh adjusted the investment plan for the Thagrico Binh Dinh High-Tech Great-Grandparent Pig Farm project, spreading the capital investment over multiple phases. Specifically, the total investment for the project is VND 1,850 billion, with the first phase investing VND 227 billion (equivalent to a capacity of 2,400 parent pigs). The second phase involves an investment of VND 840 billion (equivalent to a capacity of 500 great-grandparent pigs, 5,000 grandparent pigs, 5,600 parent pigs, and 24,000 piglets). The third phase requires an investment of VND 783 billion, which includes auxiliary structures such as the company’s executive office, canteen, total feed silo system, warehouse, fertilizer production plant, sales center, rainwater reservoir, surface water lake, surrounding fence, and transportation infrastructure.
The investor is solely responsible for the total investment capital of the project. The adjusted project timeline delays the operation commencement from June 2024 to October 2025. The first phase, which involved the construction of infrastructure and pigpens, as well as the installation of equipment for 2,400 parent pigs, was completed and operational by December 2020.
The second phase, encompassing 500 great-grandparent pigs, 5,000 grandparent pigs, 5,600 parent pigs, and 24,000 piglets, will involve the following steps: relevant legal procedures will be carried out by October 2021, construction will commence in October 2024, and the phase will be completed and operational by January 2025.
In the third phase, the legal procedures for the auxiliary structures, infrastructure, and transportation will be finalized. Construction will begin in October 2024, and the entire project will be operational by October 2025, with a capacity of 500 great-grandparent pigs, 5,000 grandparent pigs, 8,000 parent pigs, and 24,000 piglets.
The Binh Dinh Provincial People’s Committee has instructed Binh Dinh Truong Hai Agriculture Company Limited, a subsidiary of Truong Hai Agriculture Joint Stock Company (Thaco Agri), to urgently implement the project while ensuring timely progress. They have also been tasked with developing a plan for a meat processing plant to enhance the project’s product value.
Previously, in a May decision, the Binh Dinh Provincial People’s Committee approved adjustments to the detailed construction planning at a scale of 1/500 for the Thagrico Binh Dinh High-Tech Great-Grandparent Pig Farm project. The project’s boundary area was expanded from 90.47 hectares to 116.81 hectares, resulting in an increase of over 26.3 hectares. Additionally, construction works were supplemented, including a breeding area, staff accommodation, auxiliary facilities, and internal roads. The plan also incorporated the planting of wood raw materials to create green spaces and safe living buffers, along with the addition of a wastewater treatment area.
Project land use planning map. Source: Binh Dinh Provincial People’s Committee
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Thaco Agri, with a charter capital of VND 15 trillion, manages large-scale agricultural production and investment in Vietnam, Laos, and Cambodia, spanning 84,000 hectares. In Vietnam (Tay Nguyen), they operate on over 9,000 hectares, while in Cambodia (Rattanakiri and Kratie provinces) and Laos (Attapeu and Sekong provinces), they have nearly 44,000 and over 27,000 hectares, respectively.
Thaco Agri implements a comprehensive cattle production and business model at the Ia Puch Complex in Gia Lai and has invested in additional cattle farms in Ea H’leo (Dak Lak) and Ia Pa and Ia Blú (Gia Lai). They have also been actively investing in high-tech pig breeding and meat projects in Phu Cat (Binh Dinh) and Tri Ton and Tinh Bien (An Giang). Their ventures include animal feed production in Long An and the cultivation of various fruit trees, such as pineapples and durians.
Agricultural Truong Hai reported a six-month profit of VND 6 billion on nearly VND 14.7 trillion in capital.
Thu Minh
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