Shiseido Vietnam builds 30 million USD plant in Dong Nai
Shiseido Vietnam began construction work on a second major cosmetics
plant in the southern province of Dong Nai on September 10.
Shiseido Vietnam began construction work on a second major cosmetics
plant in the southern province of Dong Nai on September 10.
The Japanese company is providing a total investment capital of over 30 million USD, which will partly be pumped into upgrading equipment in order to facilitate production and export expansion, particularly to Europe.
The new plant is scheduled to become operational in 2015 with 350 workers with a production capacity triple that of the first plant.
A representative from the Dong Nai Provincial Industrial Zone management board said Shiseido Vietnam ’s expansion will encourage more Japanese businesses to invest in the province while the subsequent job generation will assist the local industrialisation and modernisation process.
In 2008, the company spent nearly 50 million USD on its first Dong Nai plant. It sells more than 22,000 products, exports to 11 Asian countries, and employs over 400 staff every year.-VNA
The Japanese company is providing a total investment capital of over 30 million USD, which will partly be pumped into upgrading equipment in order to facilitate production and export expansion, particularly to Europe.
The new plant is scheduled to become operational in 2015 with 350 workers with a production capacity triple that of the first plant.
A representative from the Dong Nai Provincial Industrial Zone management board said Shiseido Vietnam ’s expansion will encourage more Japanese businesses to invest in the province while the subsequent job generation will assist the local industrialisation and modernisation process.
In 2008, the company spent nearly 50 million USD on its first Dong Nai plant. It sells more than 22,000 products, exports to 11 Asian countries, and employs over 400 staff every year.-VNA
You should also see
Leaders pay tribute to President Ho Chi Minh on National Reunification Day
Leaders and former leaders of the Party, State, Government, National Assembly (NA), and Vietnam Fatherland Front (VFF) paid tribute to President Ho Chi Minh at his mausoleum in Hanoi on April 26 on the occasion of the 49th anniversary of the Liberation of the South and National Reunification Day (April 30, 1975-2024).
See more
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Business
Forum seeks ways to boost exports amid external challenges
Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.
Business
Enterprises want clearer regulations on seafood production
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Business
InfographicRice exports up 40% in Q1
According to the Ministry of Agriculture and Rural Development, Vietnam exported 2.07 million tonnes of rice in the first quarter of 2024, earning 1.37 billion USD in revenue. This represents a 12% increase in volume and 40% in value compared to the same period of 2022.
