Provincial authorities in Tuyen Quang recently met with Geleximco and Duc Khang Sichuan Agriculture–Forestry–Fisheries Food Group JSC to review a proposed investment project in the province.
The consortium presented a proposal for large-scale pig farming, pig breeding, and high-tech poultry production, combined with tea-growing development.
Planned for Truong Sinh and Phu Luong communes, the project would span 552.8 hectares with an estimated investment of USD 300 million.
Scope, timeline, and employment impact
The development is designed to unfold in three phases between 2027 and 2035. Once operational, it is expected to generate employment for about 1400 local workers.
Authorities emphasized that the project is not yet eligible for investment approval. Current land-use planning issues and site conditions must be addressed before submission can proceed.
During the meeting, government representatives and investors discussed legal procedures, land allocation, environmental impact, and economic efficiency. They also reviewed existing challenges and obstacles, signaling that further refinement of the plan will be necessary.
Conglomerates diversify into agriculture
If approved, Geleximco would join other major Vietnamese conglomerates expanding into livestock and high-tech agriculture. This move reflects a broader trend of diversification among large domestic groups.
Geleximco is traditionally recognized for activities in industry, infrastructure, real estate, finance, and trade services. Its portfolio includes large-scale projects such as Dragon Ocean Do Son, Geleximco Le Trong Tan, An Binh Plaza, and Thanh Pho Giao Luu. The group also operates in thermal power, cement, and industrial manufacturing.
In recent years, other major Vietnamese groups such as Hoa Phat Group and In recent years, other Vietnamese conglomerates such as Hoa Phat Group and THACO have also invested in agriculture and livestock production. Several companies have reported positive results, underscoring the sector’s growing appeal.
The trend highlights how livestock farming and high-tech agriculture are increasingly viewed as promising sectors. For many Vietnamese conglomerates, these ventures complement existing operations while supporting multi-industry growth strategies.
