Masan to build $149 million foodstuff centre in Hậu Giang

July, 16/2022 - 18:30
Vietnamese conglomerate Masan Group Corporation has received permission to invest VNĐ3.5 trillion (US$149 million) in a Foodstuff Industry Centre project in Hậu Giang Province to produce foodstuff and cosmetic products.

 

Danny Le, general director of Masan Group Corporation, receives an investment certificate for the Miền Tây 2 Foodstuff Industry Centre project in Hậu Giang Province at a conference held on July 16. – Photo courtesy of Masan

HẬU GIANG – Vietnamese conglomerate Masan Group Corporation has received permission to invest VNĐ3.5 trillion (US$149 million) in a Foodstuff Industry Centre project in Hậu Giang Province to produce foodstuff and cosmetic products.

At a conference to facilitate investment into Hậu Giang on July 16 in the presence of Prime Minister Phạm Minh Chính, Masan received an investment certificate for its 46-hectare Miền Tây 2 Foodstuff Industry Centre project.

It will be set up in Nam Sông Hậu Industrial Park, in Hậu Giang’s Châu Thành District, and aims to facilitate the production and distribution of foodstuff and cosmetic products to the Mekong Delta and nearby regions.

The centre will consist of a foodstuff factory, a brewery, a factory to manufacture cosmetic items, detergent and hygiene products, as well as storage spaces.

Nguyễn Thiều Nam, deputy general director of Masan, said that Hậu Giang has made great efforts in simplifying administrative procedures and assisting investors.

“We hope that the province will speed up improving its roads to boost regional connectivity, which will help Hậu Giang and the Mekong Delta attract more investors.

“The province should also set up river ports to make use of its natural advantages and push for goods transportation on waterways to reduce logistics costs,” Nam said.

Prime Minister Phạm Minh Chính said that, “the Government supports businesses, and is always ready to have dialogues and listen to investor feedback, as well as help businesses overcome their problems.”

Nghiêm Xuân Thành, Hậu Giang party committee secretary, said that the province aims to develop its industry, agriculture, and tourism sector, and prioritises attracting capable businesses to invest in the infrastructure of local industrial parks.

As one of Việt Nam’s biggest companies in the consumer goods sector, Masan has more than 30 factories, many large-scale farming areas and a retail system of nearly 3,000 supermarkets and convenient stores all over Việt Nam. – VNS

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