JavaScript is off. Please enable to view full site.

Vinamilk licensed to build $23 mln milk plant in Cambodia

Vinamilk licensed to build $23 mln milk plant in Cambodia

Friday, January 17, 2014, 09:30 GMT+7

The Vietnam Dairy Products Joint Stock Company (Vinamilk) has obtained an investment license to build a US$23 million manufacturing plant in Cambodia’s Phnom Penh.

The plant, covering a total area of nearly 30,000 square meters, is a joint venture between Vinamilk and Cambodia’s Angkor Dairy Products Company Limited, to be located on plot P2-096 and P2-097 in the Phnom Penh Special Economic Zone.

Vinamilk received the investment license, granted by the Ministry of Planning and Investment, at the Vietnam – Cambodia Investment Cooperation Forum chaired by Cambodian Prime Minister Hun Sen and his Vietnamese counterpart Nguyen Tan Dung on January 13 in Phnom Penh.

The factory has a total registered capital of US$23 million, with Vinamilk holding 51 percent stake and the Cambodian company holding the remaining stake. It is expected to produce over 19 million liters of milk, 64 million jars of yoghurts and 80 million bottles of condensed milk annually.

The plant’s revenue is expected to reach US$35 million in 2015 and $54 million in 2017.

Construction is scheduled to start in the second quarter of this year, and the factory is expected to come into operation in July 2015.

tuoitrenews

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news