Prime Highlights:

• Vietnam Agriculture Limited (VAL), a U.S.-Singapore joint venture, has opened a second soybean crushing line, increasing its facility’s capacity to one of the largest in Southeast Asia.
• The expansion supports Vietnam’s growing livestock sector and boosts the supply of plant-based protein for both domestic use and exports.

Key Facts:

• The new line processes 4,000 tons of soybeans per day, bringing total capacity to 7,800 tons daily, enough to produce nearly two million tons of soybean meal annually.
• VAL plans to produce over 500,000 tons of crude soybean oil each year for local consumption and export to markets such as South Korea.

Background:

A U.S.-Singapore agribusiness partnership has expanded its soybean processing operations in southern Vietnam with a $100 million investment, increasing its facility to one of the largest in Southeast Asia.

Vietnam Agriculture Limited (VAL), a joint venture between U.S.-based Bunge and Singapore’s Wilmar International, officially inaugurated its second soybean crushing line on Wednesday at the Phu My 1 Industrial Park near Ho Chi Minh City. The new line, capable of processing 4,000 tons per day, adds to the original unit in operation since 2011, bringing total capacity to 7,800 tons daily. At full capacity, the facility can handle about 2.6 million tons of soybeans each year, producing nearly two million tons of soybean meal-meeting around 30% of Vietnam’s feed industry demand.

Nguyen Minh Vi, VAL’s Chief Executive, said the expansion is aimed at supporting both domestic and export markets while strengthening the supply of plant-based protein for Vietnam’s growing livestock sector. The livestock sector has expanded consistently over the last 20 years, raising demand for soybean meal. Producing it locally allows faster delivery than relying on shipments that usually take around two months.

The Phu My plant is equipped to receive Panamax-class vessels of up to 100,000 tons, allowing the import of soybeans from South America and the U.S. In addition, VAL plans to produce over 500,000 tons of crude soybean oil annually for local consumption and export to markets including South Korea.

VAL was founded in 2008, with Bunge as its original investor. Wilmar International became a strategic shareholder in 2016. In 2024, Bunge reported revenues of $53.1 billion, while Wilmar recorded $67.4 billion.

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