VnExpress News The News Gateway of Vietnam
Japanese flour producer Nippn plans to invest in a factory near Ho Chi Minh City, its third facility in Southeast Asia.
The facility, to be completed by 2027, will be capable of making 4,300 annual tons of premix used to make batter for fried foods and baked goods, according to a report by Nikkei Asia.
Nippn will establish a local subsidiary in August. The company did not reveal the size of the investment.
Before Vietnam it has invested in Thailand and Indonesia. Nippn will import products from these two countries to sell in Vietnam until the factory is operational.
The Japanese company sees strong demand in Southeast Asia in upcoming years. It targets to double overseas revenues by fiscal 2026.
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