CP Group to invest US$3.6 billion in Vietnam

The Charoen Pokphand Group plans to expand its investment in Vietnam to the tune of US$3.6 billion over the next five years.

CP's fifteen year, $350 million investment history in Vietnam startied with animal feed.

According to the Thai newspaper, The Nation, CP will open two feedmills in the country next year with a capacity of 600,000 tonnes for livestock feed and 380,000 tonnes for aquaculture feed. The company will invest also in into food processing, real estate, telecom, banking and retailing.

CP's business revenue in Vietnam is expected to be in the region of $550 million this year, up 30-40 percent up on the previous year, with $700 million revenue projected for next year.