Vietnam Flour Mills Ltd representatives cut the ribbon to open its $47 million flour mill in the province of Quang Ninh on December 3.— Photo nhandan.org.vn

HA NOI (Biz Hub) — Vietnam Flour Mills Ltd (VFM) inaugurated a US$47-million mill in the Cai Lan Industrial Zone in the northern province of Quang Ninh on December 3.

VFM, which is a subsidiary of FFM Berhad, Malaysia's largest flour mill company with 100 per cent Malaysian investment, is the leading flour mill enterprise in Viet Nam.

VFM's new mill, spanning 3,400sq.m in the IZ, can mill 500 tonnes of flour per day. It will also create more than 150 jobs and will contribute about VND200 billion (US$9.4 million) to the Quang Ninh Province's budget annually.

The Cai Lan IZ mill will be the second VFM mill in Viet Nam. The first mill, with a capacity of producing 400 tonnes of flour per day, is located in the southern province of Ba Ria-Vung Tau. — VNS