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
(*)
   
Vietnam, NZ look towards strategic partnership
Vietnam and New Zealand have agreed to intensify their comprehensive partnership.
Vietnamese woman wins L'Oreal-UNESCO
Tran Ha Lien Phuong was presented with L'Oreal-UNESCO International Rising Talent award.
Vietnam, Australia agree to promote bilateral ties
Vietnam and Australia agreed on measures to promote the efficiency of their bilateral partnership.
RoK parliament leader visits Vietnam
Speaker of RoK’s National Assembly Chung Ui-Hwa arrived in Hanoi on Mar 17.
Vietnam, Australia intensify cooperation
The Australia visit by PM Nguyen Tan Dung on Mar 17-18 is expected to deepen comprehensive partnership.
Buon Ma Thuot Victory marked
A ceremony was held in Dak Lak on Mar. 10 to mark the 40th anniversary of Buon Ma Thuot Victory.
VN attends UN debate on HR, climate change
Vietnam always places her people in the cornerstone of every policy related to climate change.
Tay Nguyen campaign significant to victory
Liberation of the south and national reunification 40 years ago was marked with victories in a series of campaigns.

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