Vietnamese agriculture, despite current difficulties due to drought, has prospects in the long term, he explained.
Serena Lin, President of Cargill Feed & Nutrition, said Vietnam is among the best markets for animal feed production and sales that her company has entered worldwide.
Cargill has recently inaugurated an US$8.5 million plant in the central province of Nghe An, which is capable of turning out 66,000 tonnes of animal feed per year.
This is the 11th plant opened by the company in Vietnam, with the construction of its next plant in southern province of Binh Duong expected to be completed by the end of 2017. Cargill is channelling US$30 million into the 12 th plant, which will be equipped with the latest technologies and produce 260,000 tonnes of animal feed per year.
Previously, in the first quarter of 2016, the company installed a new production line worth US$8 million at its plant in the Mekong Delta province of Dong Thap.
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held currently company employs 149,000 people across 70 countries.