Samyang Foods to invest $163mn in Vietnam plant

Detailed summary

South Korean food manufacturer Samyang Foods Inc. plans to invest 218.6 billion won ($163.4 million) in a new production plant in Vietnam. The company said Wednesday that it will…

South Korean food manufacturer Samyang Foods Inc. plans to invest 218.6 billion won ($163.4 million) in a new production plant in Vietnam.

The company said Wednesday that it will establish a wholly owned subsidiary in Bac Ninh, northern Vietnam, and complete construction of the plant by the end of January 2029. The investment includes a 131.1 billion won capital contribution to the subsidiary.

Samyang Foods has secured a site and buildings capable of accommodating up to eight production lines, with one line for dried noodles to be installed initially in preparation for future demand growth.

Samyang Foods aims to diversify its production bases across regions to mitigate geopolitical, logistics, and tariff risks concentrated in any single location while ensuring a stable supply to meet rising demand in individual markets.

Vietnam was selected for its competitive manufacturing costs and strategic advantages in serving both European and ASEAN markets, the company said.

The plant will be Samyang Foods’ second overseas production base, following its facility in Jiaxing, China, which is scheduled for completion in January 2027.

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