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Nestlé Vietnam to invest USD 70 million in new factory

Nestlé Vietnam has begun construction of a new USD 70 million factory at Thang Long II Industrial Park located in Hung Yen province, North of Vietnam. The factory will be built on an area of 10 hectares to facilitate the company’s product innovations for the local consumption.

The ground-breaking ceremony was attended by Senior Vice President – Zone Asia Oceania Africa (AOA) Technical Management – Alfredo Fenollosa , the Chairman of Hung Yen People’s Committee, local authorities and the Ambassador of Switzerland in Vietnam.

This investment confirms Nestlé’s confidence in and long-term commitment to Vietnam. The factory is part of Nestlé Vietnam’s strategy to further reinforce its leading position as a nutrition, health and wellness company.

The new factory will help bring Nestlé products closer to the North consumers and will enable the company to further strengthen its supply chain to ensure freshness of its products to local consumers. The factory is expected to create 300 new job opportunities for the local people by May 2017.

Over the last 20 years, Nestlé Vietnam’s investment in Vietnam has been increased significantly – from USD 24 million in 1995 to USD 520 million in 2016.

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