Amway, one of the world’s largest direct selling companies has projected to build the second plant in Vietnam later this year with a total investment of US$20 million.
Amway, one of the world’s largest direct selling companies has projected to build the second plant in Vietnam later this year with a total investment of US$20 million.
This was announced by Amway President Doug DeVos on April 16.
The plan will be built with three production lines in the Vietnam-Singapore Industrial Park in the southern province of Binh Duong covering on an area of more than 65.6 sq.km.
In the first stage, it will focus on producing Nutrilite with an annual capacity of US$200 million worth of products.
Doug DeVos said his company believes in Vietnam’s potential for stronger growth in the future and has worked out a long-term investment strategy in this market.
US-based Amway’s first plant entered operation at the Amata Industrial Park in Dong Nai province in 2007.
(Source: VOV)
