US-based agribusiness and food company Bunge last Wednesday commenced construction of a US$100 million integrated soybean processing plant, the first of its kind in Vietnam. The facility, located in the Phu My Port Complex in Ba Ria Vung Tau Province, will have soybean crushing and multi-oil refining and bottling capabilities when it is fully completed. The first phase of the two-part project includes assembling a 3,000-tons-per-day crushing line with related flat and vertical storage for raw materials and end products. These operations are scheduled to begin production in early 2011. “Vietnam remains one of Bunge’s best growth opportunities,” Bunge Asia’s chief executive officer said in a statement.
