JAPANESE NOODLE-MAKER NISSIN FOODS ENTERS VIETNAM
March 1st, 2011
BY WANG FANGQING
Nissin Foods Holdings, the Japan-based instant noodle manufacturing multinational, will invest about Japanese Yen JPY 3.4 billion (US dollar USD41.5 million) to build an instant noodle plant in Vietnam to meet growing demand in this key emerging market. The plant, located in the Vietnam-Singapore industrial park close to Ho Chi Minh City, is scheduled to start production in June 2012. A subsidiary - Nissin Foods Vietnam - will be set up by the end of this month. '' Vietnam is the world's fourth largest market for instant noodles after China, ...
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