Amway Vietnam Co, Ltd under the auspices of US Amway Corporation officially broke ground on construction of its second factory in Vietnam on March 21.
With an initial investment of over $25 million, the factory located in the Vietnam-Singapore Industrial Park (VSIP) in Tan Uyen district in the southern Binh Duong province, will be built on an area of nearly 55,000 square metres.
The facility is seven times larger than its first one located in Bien Hoa City-based Amata Industrial Park, in the southern province Dong Nai.
The new factory will produce differing types of vitamins and mineral nutrients and dietary supplements with three production assembly lines with an annual capacity of over 23 million products worth $200 million per year.
In the context of the global economic downturn, the investment in the Vietnamese market through the transfer of advanced knowledge will contribute to the country’s modernisation and industrialisation process and give a fresh impetus to local economic development.
Amway Vietnam is the only direct selling business which operates from factories in Vietnam, proving the company’s long-term commitments in the country.
Amway CEO Doug DeVos said that since 2008, Amway Vietnam has achieved steady annual growth. That is the reason why the group decided to make a long-term commitment in Vietnam by building the second factory.