Please note: you are viewing an old version of this deal. The current version can be found here: Deal #5276
Deal #5276 Version #86159
Vietnam
Created at
2016-10-18
Last update
2022-03-18
Last full update
2022-03-18
Land area
Intended size
6 119 ha
Size under contract (leased or purchased area)
- [2015, current] 5000 ha
Size in operation (production)
- [2016, current] 968 ha
Comment on land area
6119 is the area that was allowed to examine the feasibility of project. Project stated in 2015. First phase: 968 ha planting grass will be completed in 2015. More than 4000 ha expected in the end 2016. (See annex of http://tamnhin.net/nguoi-dan-khong-dong-tinh-voi-gia-den-bu-tai-dai-du-an-nuoi-bo-o-ha-tinh-40338.html). Information in 2016 said that project has completed the first phase http://english.thesaigontimes.vn/45305/Nation%E2%80%99s-largest-cow-farming-project-on-stream.html )
Intention of investment
Intention of investment
- [current] Food crops, Livestock
Comment on intention of investment
The investment aims to develop breeding bulls and beef cattle in accordance with high-end standards to export and for domestic consumption. The project is also expected to create 3,000 jobs for local laborers.
Nature of the deal
Nature of the deal
Lease
Negotiation status
Negotiation status
- [2015, current] Concluded (Contract signed)
Comment on negotiation status
Decision 1300/QĐ-UBND approving the land examination of the company.
Implementation status
Implementation status
- [2016, current] In operation (production)
Comment on implementation status
Raising cows, beef cattles, planting grass since 2015.
At the end of March 2017, the project stopped raising cows, the barn system was abandoned. In the same year, Binh Ha company cleared the grass and made land for banana cultivation on an area of 200 hectares of land. See: https://tuoitre.vn/du-an-trai-bo-day-tai-tieng-o-ha-tinh-xin-giam-quy-mo-20210405141317305.htm
After the former director of the Company was prosecuted and sentenced to prison for appropriating property (falsely declaring the number of cows to raise to mobilise the investment, plant raw materials but not yet licensed by the state), the investor applied to rename the project and to reduce the scale of operation: “After the controversy at the Binh Ha cow farm project that caused many people to get involved, the investor sent a dossier to the Ha Tinh provincial authorities to request a reduction in scale from 254,000 cows/year to 35,000 cows/year”. According to information published in the VNExpress newspaper in 2021, the project restructuring plan is being implemented. See: https://vnexpress.net/ke-hoach-tai-co-cau-du-an-nuoi-bo-lon-nhat-ha-tinh-sau-dai-an-4258722.html