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Japanese firm invests $78 million in raising rabbits

Released at: 17:35, 08/10/2015

Japanese firm invests $78 million in raising rabbits

Yen Bai project to supply inputs for medicine production and food.

by Minh Tuyet

Nippon Zoki Vietnam will invest in a project raising rabbits using high technology at Thuong Bang La commune in Van Chan district, northern Yen Bai province. The 100 per cent foreign-invested project has investment of $78 million in the first period.

It will supply input for the company’s biotechnology factory in Que Vo district, northern Bac Ninh province, to make medicine, while rabbit meat from the project is expected to be exported to the EU.

Yen Bai province will provide the best conditions possible to Nippon Zoki, Chairwoman of the Yen Bai Provincial People’s Committee Pham Thi Thanh Tra said when she met with company representatives on October 7.

Both sides said they expected a license would be issued on October 15, a land use certificate at the end of the month, and a construction license on December 15. Nippon Zoki hopes construction will begin in January 2016.

The province will support the firm in expanding the project and suggested it use provincial workers. Ms. Tra directed provincial authorities to provide support in procedures, tax incentives, and human resources.

General Director of Nippon Zoki Vietnam Fujimoto Masato committed to follow provincial requirements and said he will introduce several other Japanese enterprises to invest in the province in other sectors.

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