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
(*)
   
VN-US trade to approach 35 bln USD
Trade between Vietnam and the US continues to expand in spite of domestic and int'l economic difficulties.
HAGL football team win U21 trophy
The Hoang Anh Gia Lai-Arsenal-JMG won the U21 trophy after crushing Thailand 3-0.
PM wraps up India visit
PM Nguyen Tan Dung left New Delhi on October 28, concluding his official visit to India.
PM’s India visit to improve strategic partnership
PM Nguyen Tan Dung’s official visit to India from Oct. 27-29 aims to carry bilateral strategic partnership forward.
Second Asian Para Games wraps up
The 2nd Asian Para Games ended in the RoK on Oct. 24, with Vietnam ranking tenth in the medal table.
October sees record low CPI growth
The CPI in October rose slightly by 0.11 percent compared to September.
Vietnam, Finland sign air transport agreement
Vietnam and Finland signed an aviation agreement in Hanoi on October 20.
Institutional reform high on development agenda
Institutional reform is a priority in Vietnam’s socio-economic development strategy for 2011-2020.

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