PPC reviews adjustment to the investment policy for the Hơ Moong High-Tech Closed-Loop Livestock ...

On the afternoon of 13 November, Vice Chairman of the Provincial People’s Committee Đỗ Tâm Hiển chaired a meeting with relevant departments and localities to review the proposed adjustment to the investment policy for the Hơ Moong High-Tech Closed Livestock Farm Project of Ba Farm Kon Tum Company.

According to the Department of Finance, the project has completed land, environmental, and construction procedures and is carrying out site leveling, equipment installation, and barn construction. However, prolonged heavy rain, disease outbreaks, fluctuations in material prices, changes in technical regulations, and the administrative boundary transition from Kon Tum to Quảng Ngãi have significantly affected progress. As a result, construction is expected to reach only about 60 per cent completion by the end of 2025. The investor proposes extending project completion to 30 June 2026.

Investor reports at the meeting

At the meeting, the investor reported on project implementation and requested continued support from provincial authorities, affirming its commitment to mobilize all resources to accelerate progress and complete the project within the adjusted timeline.

Concluding the meeting, Vice Chairman Đỗ Tâm Hiển affirmed that Quảng Ngãi always supports investors, especially in high-tech agriculture and livestock production; however, projects must strictly comply with legal regulations and approved schedules.

Vice Chairman Đỗ Tâm Hiển speaks at the meeting

He requested Ba Farm Kon Tum Company to closely coordinate with relevant agencies, provide a full report on project implementation, clarify subjective and objective causes of delays, and commit to the final completion deadline of 30 June 2026. If the investor fails to meet this deadline, it will bear full responsibility and comply with the province’s decisions.

The Department of Finance was assigned to lead the appraisal of the investor’s extension request and report to the PPC for consideration.

Vice Chairman Đỗ Tâm Hiển emphasized that this is the final extension for the project. If the investor fails to meet the committed schedule, the province will take decisive action in accordance with regulations to ensure transparency, discipline, and a fair investment environment.

Minh Thiện