Amway, one of the world’s largest direct selling companies, has announced its plan to build the second plant in Vietnam with a total investment of 20 million USD.

Amway President Doug DeVos said on April 16 in Ho Chi Minh City that the plant will cover more than 65.6 in the Vietnam-Singapore Industrial Park in the southern province of Binh Duong (VSIP-Binh Duong).

Work on the plant will kick off later this year with three production lines. In the first stage, it will focus on producing Nutrilite with an annual capacity of 200 million USD worth of products.

Doug DeVos said his company believes in Vietnam ’s strong development potential and has a long-term investment strategy in this market.

US-based Amway put its first plant into operation at the Amata Industrial Park in southern Dong Nai province in 2007.

Founded in 1959, Amway has grown into a multinational direct-selling company which earned a global revenue of 11.3 billion USD in 2012.-VNA