A produciton line of Vinamilk. The comapny's Angkor dairy product processing factory, which is built in Phnom Penh, is expected to raise its marketshare in Cambodia. — Photo hanoitimes.com.vn

HA NOI (Biz Hub) — Viet Nam Dairy Products Joint Stock Company, or Vinamilk, inaugurated its Angkor dairy product processing factory in Phnom Penh, Cambodia, on May 25.

The 30,000sq.m. factory got its investment licence from the Vietnamese Ministry of Planning and Investment in January 2014.

Vinamilk and BPC Company, a subsidiary of Cambodia's Angkor Dairy Products Company Limited, have jointly invested in the factory with total investment capital of US$23 million, of which Vinamilk holds 51 per cent stake and BPC owns the rest.

The factory is designed to have a capacity of over 19 million litres of milk, 64 million yogurt pots and 80 million condensed milk cans per year.

Its capacity will be increased to 38 million litres of milk and 192 million yogurt pots per year by 2024.

The inauguration ceremony was attended by Cambodia Deputy Prime Minster Men Sam On and Governor of Phnom Penh Pa Sacheatong, Vietnamese Ambassador to Cambodia Thach Du and representatives from Vinamilk, Angkor Dairy Products Company, relevant ministries and sectors of the two countries.

Speaking at the ceremony, the Cambodian deputy prime minister said the opening of the factory would not only meet the demand for high-quality nutritious milk products for locals, but also contribute to lifting the country's economy. — VNS