Thang Long - Hanoi

US-based company builds second factory in Vietnam
21/03/2014 | 16:26:15
EMAIL PRINT Bookmark and Share SHARE Font Size A A A
Amway Vietnam Co. Ltd., a multi-level marketing enterprise, started construction of its second factory in Vietnam in the southern province of Binh Duong on March 21.

The factory, producing vitamins, supplements, functional food and body care products, is being built at a cost of 25 million USD.

It covers nearly 55,000 square metres in the Vietnam-Singapore Industrial Park No.2, seven times bigger than the space in its first factory.

When operational in 2015, the factory will turn out 23 million products worth 200 million USD a year.

Doug Devos, President of the Amway Company, said that it has grown and enjoyed constant growth since starting its business in the country in 2008. Therefore, the company decided to expand its investment by building a second factory.

The first factory, built in Binh Duong’s neighbouring province of Dong Nai in 2007, stretches over 8,000 square metres and produces 30 million USD worth of products a year.-VNA
COMMENTS
Your comments will be likely edited before publishing
Fullname
(*)  
Email
(*) 
Content
(*)
   
ADB continues to assist VN
The (ADB will continue to support VN's development process by providing 1.3 bln USD in loans each year.
President Sang offers incense to Hung Kings
President Truong Tan Sang offered incense to Vietnam’s founding fathers, Hung Kings, on Sept. 18.
Asian News Network aims for common voice of Asia
The Asia News Network (ANN) is looking forward to developing its image as the common voice of Asia.
Hanoi to trial use of bus e-tickets
Hanoi has launched a pilot project to introduce electronic smartcards.
Vietnam pledges to combat child labour
A project on the prevention and reduction of child labour in Vietnam was launched.
VN, Slovakia - gatekeepers for respective regions
Vietnam and Slovakia act as bridges linking each other to their respective regions.
Party leader receives visiting Cuban official
Party leader Trong met with Cuban Vice President of the Council of State Mercedes Lopez Acea.
Vietnam, India issue joint communique
Vietnam and India on September 15 issued a joint communique.

EMAIL PRINT Bookmark and Share SHARE Font Size A A A
Other websites:
Partners: