|A leader of Ministry of Planning and Investment (left) granted an investment license to Mai Hoang Anh, executive director of Vinamilk Co. — VNA/VNS Photo Duc Tam
HCM CITY (VNS) — The Ministry of Planning and Investment has granted an investment license to the Viet Nam Dairy Products Joint Stock Co (Vinamilk) to build a dairy product processing factory in Phnom Penh, Cambodia.
The announcement came on Monday during an event held under the Viet Nam – Cambodia investment co-operation conference chaired by Cambodian Prime Minister Hun Sen and Vietnamese Prime Minister Nguyen Tan Dung.
Vinamilk's dairy product processing factory project located in a special economic zone will be implemented in cooperation with Cambodia's Angkor Dairy Products Ltd Co, a subsidiary firm of Cambodia's RSMK Group and the American Independent Business Association.
The factory, covering an area of nearly 30,000sq.m, has total investment capital of $23 million of which Vinamilk has contributed 51 per cent. The factory will have a capacity of over 19 million litres of liquid milk per year, 64 million yogurt pots and 80 million condensed milk cans. — VNS