Swedish food processing and packaging giant Tetra Pak has inaugurated the second phase worth EUR97 million of its aseptic packaging plant located in the VSIP II-A Industrial Park in Vinh Tan ward, Ho Chi Minh City, bringing the total investment to EUR217 million.

The first paper-based food packaging line in Vietnam applying Tetra Recart® technology was officially inaugurated in Son La province on July 2 by Vietnam’s leading supplier of processed food, Dong Giao Foodstuff Export JSC (Doveco), and Sweden's Tetra Pak Group.

Despite macroeconomic challenges, Vietnam has emerged as an innovation hub, attracting many foreign investors, especially those from Sweden, said Eliseo Barcas, CEO of Tetra Pak Vietnam.

Tetra Pak has announced an additional investment of EUR5 million in its EUR120 million packaging material factory in Binh Duong province.