Vietnam Agribusiness Limited (VAL), a joint venture between Bunge and Wilmar which focuses on oilseed processing and the supply of food and feed products, has recently inaugurated its US$100 million 2nd soybean crushing line at Phu My 1 Industrial Park on 10 December. The new line is engineered to leading international standards and is fully automated with real-time quality monitoring and control systems.
This new 4,000 tons daily processing capacity, combined with its first line in operation since 2011, boosted VAL’s total crushing capacity to 7,800 tons per day, solidifying its position as the largest soybean crushing complex in Southeast Asia.
This marks a strategic milestone for VAL as it directly strengthens Vietnam’s strategic raw-material security for its livestock and food industries.
The plant is also estimated to produce more than 500,000 tonnes of crude soybean oil annually, catering to both domestic consumption and export markets. This elevates Vietnam’s standing among the region’s leading soybean oil exporters, with significant reach into key markets such as South Korea.
Nguyen Cong Vinh, Vice Chairman of HCMC People’s Committee said, “The new plant is expected to become one of the major agricultural processing projects in Southeast Asia. It will feature modern production lines that meet stringent environmental standards and align with the city’s orientation towards high-tech agricultural development.”
The plant’s strategic location in Phu My ward with existing port and logistics gateway, together with its capacity to supply around 30% of the soybean meal market for the animal feed industry, will help to ensure food security and reduce supply chain risks while providing employment opportunities.
The 2nd line helps VAL to expand its production capacity while meeting growing demand in both domestic and international markets.
Located on an 11.2-hectare site within a strategic industrial hub, the VAL complex stands among the most advanced facilities in the region, purpose-built for maximum efficiency and superior product quality. The complex features 8 high-capacity storage silos totalling 120,000 tonnes, equipped with fully automated temperature and humidity control systems to maintain freshness, nutrient stability, and optimal processing standards.
At full capacity, both crushing lines will annually process up to 2.6 million tonnes of soybeans, producing close to 2 million tonnes of soybean meal, meeting approximately 30% of Vietnam’s domestic animal feed demand. Vietnam’s livestock industry has grown steadily at 3-5% annually over the past 2 decades, fuelling strong demand for plant-based protein sources like soybean meal.
