Business

Ground broken for 16 million USD candy factory in Nghe An

Construction of a 360 million VND (16 million USD) confectionery factory began in the central province of Nghe An on October 21.
Ground broken for 16 million USD candy factory in Nghe An ảnh 1Construction of a 360 billion VND (16 million USD) confectionery factory begins in the central province of Nghe An’s Dong Hoi Industrial Zone (Photo: VNA)
Nghe An (VNA) –Construction of a 360 million VND (16 million USD) confectionery factory beganin the central province of Nghe An on October 21.

The ground-breaking ceremony for the Hai Chai 2 factory in the Dong HoiIndustrial Zone was witnessed by Deputy Prime Minister Vuong Dinh Hue,baocongthuong.com.vn reported.

Invested by Hai Chau Confectionery JSC, the factory will have 10 productionlines, providing 75,000 tonnes of products each year. It is expected to earn annualrevenue of 1.7 trillion VND (74 million USD).

Speaking at the ceremony, Chairman of the provincial People’s Committee NguyenXuan Duong vowed to facilitate the operation of the factory, which is regardedas the company’s key project in the north central region.

According to the Business Monitor International (BMI), the nation’sconfectionery sector has experienced a relatively high and stable growth rateand is forecast to earn 40 trillion VND (1.8 billion USD) in revenues in2018.-VNA
VNA
#Vietnam #Nghe An #confectionery factory #ground-breaking ceremony #Hai Chau Confectionery JSC #north central region #confectionery sector #vietnamplus #Vietnam News updated #bizhub #Vietnam News Agency Nghe An
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