Nam Duong International
Food Co., Ltd will implement the project with a total investment capital of 577.2 billion VND (equivalent to 25.6 million
USD) to build a new factory in
Hiep Phuoc Industrial Zone (Nha Be, Ho Chi Minh City).
Accordingly, Nam Duong
International Food Co., Ltd is a joint venture between Saigon Co-op (a large
retailer in Vietnam) and Wilmar International Limited (Singapore) with the
capital contribution ratio is 49% and 51% respectively.
After the joint venture
was established, the preparing procedures for the new factory will be conducted
expeditiously. The factory will specialize in manufacturing sauces and spices
to serve the domestic and export market.
The brand “Nam Duong”
owned by Saigon Co.op, which was founded in 1951, is one of the brands in the
sauces and spices industry in Vietnam, with products: soy sauce, sauce, chili
and tomato sauce. These products are preferred by domestic and abroad
consumers. These products are now being exported to markets such as the US,
Canada and Europe.
As the leading retailer in Vietnam, Saigon Co.op understands the
trend, tastes and appetites of consumers. On the other hand, Wilmar Group which
has extensive experience in manufacturing and distribution of food worldwide.
Through this joint venture, the Nam Duong’s sauces and spices products will
meet the international production standards and safety and will be sold in a
global distribution network but still preserve the traditional flavors in each
product.
The main objective in
the development strategy of Wilmar is aimed at building and developing closed business models with diverse agricultural
commodities, proactive from input raw materials to produce and distribute
finished products. Currently, the Group has more than 500 factories in China,
India, Indonesia, Indonesia, Vietnam and 50 other countries worldwide. The
Group develops based on multinational human resources base with 92,000
employees.
ANT Consulting is here
to assist you from the outset; providing intelligence, information, management
or support and administrative services that assist market entrance, and ensure
efficient business start-up operation.
We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows. We aim to bridge the gap
between international best practices and local cultures and assist foreign
companies and organizations enteringVietnam market to
overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848
3520 2779 . To learn more about us, please visit www.antconsult.vn
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