Samyang Foods plans KRW218.6 billion noodle factory in Vietnam
The Bac Ninh facility is designed for up to eight production lines, with construction and equipment installation scheduled to finish by January 31, 2029.
South Korea’s Samyang Foods plans a KRW218.6 billion (US$164 million) investment in noodle manufacturing in Vietnam’s northern province of Bac Ninh, according to a Korea Exchange filing. The company said the expansion would help it meet growing worldwide demand.
A new Vietnamese subsidiary will develop and run the factory in Thuan Thanh ward. Its proposed name is Samyang Foods Bac Ninh LLC. The project began on November 11, and the schedule calls for construction and equipment installation to finish by January 31, 2029.
The initial spending will fund land purchases, building work and equipment for a single line producing non-fried noodles. The completed factory is designed to house as many as eight lines, with subsequent additions to be phased in. Investment plans for those additions have yet to be finalised.
Samyang said expanding its overseas manufacturing operations was intended to strengthen competitiveness, improve its response to global demand and increase corporate value.
Bac Ninh, which borders Hanoi, approved 304 new foreign-invested projects carrying US$1.83 billion in registered capital during the year’s first 10 months, official figures show. Including extra capital for existing projects, capital contributions and share purchases, foreign direct investment reached US$4.4 billion. That placed the province third nationally, behind Ho Chi Minh City and Thai Nguyen.
