Managing Director of Nestle Vietnam Ganesan Ampalavanar said the new plant is the sixth of its kind in Vietnam and the second in the province.
Covering an area of 10 hectares, the plant will produce food and beverages such as milk, coffee, confectionary, and nutrition products to serve the domestic market.
It is scheduled to go into operation in May 2017 and generate jobs for 300 locals. The number of workers will be doubled in 2020.
The new factory is expected to bring Nestle products closer to consumers in the north of Vietnam, the director said.
Deputy Minister of Industry and Trade Ho Thi Kim Thoa recognised the group’s business achievements, citing its growth of 15 percent in 2015.
So far, Nestle has built 5 factories in Vietnam with total investment of over US$450 million, employing around 2,000 workers.