Some 137 million USD to be pumped into milk production

04/05/2007 -- 11:24 AM

Ha Noi (VNA) – The Industry Ministry has approved a development plan for the production of milk until 2010, with a total investment of 2,195 billion VND (137.19 million USD). The plan aims to raise per capital milk supply to 10 kg a year in 2010 and 20 kg by 2020. To this goal, the industry must achieve an annual growth rate of 5-6 percent in the next five years. The plan calls for the construction of processing plants in major dairy cow breeding areas in northern, central and southeastern regions while small factories are to be built in small-scale breeding areas in mountainous and mid-land provinces. The industry also plans to seek more overseas outlets for its products with the assistance from the Trade Ministry. Investment for the plan will be mobilised from loans, foreign investment and the issuance of corporate bonds and shares, as well as Official Development Assistance (ODA) source.-Enditem
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