Swiss food giant Nestlé Vietnam is building a 70-million-USD factory in the northern province of Hung Yen to expand its food and beverage product chains in the northern region and the country at large.
|The ground-breaking ceremony (Source: tienphong.vn)|
The latest project brings Nestlé’s total investment in Vietnam so far to 520 million USD from the initial 24 million USD when it first arrived in the country in 1995.
Director of Nestlé Vietnam Ganesan Ampalavanar said the plant, the company’s sixth factory in the country and second in the province, is expected to start operations in 2017. It is also part of the company’s development strategy plan to strengthen its leading position for selling nutritious beverage products.
The company has used the latest technology to ensure product quality and diminish its impacts on the environment – particularly renewable water resources.
The firm has taken part in several substantial socio-economic development programmes in the country such as the Private-Public- Partnership (PPP) project on agriculture under the sustainable coffee development scheme and projects on reducing nutritional deficiency among Vietnamese children.
The five operating factories of Nestlé Vietnam provide jobs for about 2,000 workers. The facility currently under construction in Hung Yen will employ around 300 workers when it becomes operational in 2017.-