HCMC – Masan Group is set to spend VND3.5 trillion (US$149.5 million) developing a food industry center in Chau Thanh District in the Mekong Delta province of Hau Giang.
The group was granted an investment certificate for the project at an investment promotion conference held in the province on July 16.
Speaking at the event, a Masan representative said that the food center will cover an area of some 46 hectares of land in the Nam Song Hau industrial zone.
The center will comprise a 20.9-hectare food manufacturing facility; a beer production factory with a total capacity of 100 million liters per year; a cosmetic, soap, detergent production plant and a warehouse sprawling an area of 8.33 hectares.
In Hau Giang Province, Masan has invested in the industrial zone since 2015, pouring a total of VND2.7 trillion into its Hau Giang Masan beer factory and Hau Giang Masan food facility. These plants are expected to earn VND7.4 trillion in 2022, create jobs for 600 workers and contribute VND1.67 trillion to the State budget this year.
Also at the conference, the province granted investment certificates to 12 projects with a total registered capital of VND19 trillion.