The Nestle Group began the construction of a new food and beverage factory in the northern Hung Yen Province. — Photo VNA

HA NOI (Biz Hub) — The Nestle Group began the construction of a new US$70-million food and beverage factory in the northern Hung Yen Province on March 16.

Managing Director of Nestle Vietnam Ganesan Ampalavanar said the new plant was the sixth of its kind in Viet Nam and the second in the province.

The 10ha plant will produce food and beverages such as milk, coffee, confectionary and nutrition products to meet the domestic market demand.

It is scheduled to become operational in May 2017, and will generate jobs for 300 local people. The number of workers will be doubled in 2020.

The new factory was expected to give consumers better access to Nestle products in northern Viet Nam, the director said.

Deputy Minister of Industry and Trade Ho Thi Kim Thoa recognised the group's business achievements, citing its 15 per cent growth in 2015.

So far, Nestle has built five factories in Viet Nam with a total investment of more than $450 million, employing about 2,000 workers. — VNS