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Japanese flour producer Nippn eyes Vietnam factory
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.
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A Nippn factory in Thailand. |
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.
Japan has suggested Vietnam revise the maximum residue limits (MRLs) for certain agricultural chemicals, according to the Office of the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam).
Vietnam sent more than 78,000 labourers to work abroad so far this year, with Japan receiving the largest number, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs.
A total of 889 Japanese candidates participated in the 7th Vietnamese-language proficiency test held at the Japan College of Foreign Languages (JCFL) in Tokyo on June 16.
Health Minister Dao Hong Lan and Chief Representative of the Japan International Cooperation Agency (JICA) – Vietnam Office Sugano Yuichi on May 28 signed an agreement on grant worth 300 billion VND (11.78 million USD) for a project on improving medical equipment at National Cancer Hospital in Hanoi.
Vietnam consistently regards Japan as an important and long-term partner, Deputy Prime Minister Le Minh Khai told Japanese Prime Minister Kishida Fumio at their brief meeting on May 23 as part of his working visit to Japan to attend the 29th Future of Asia Forum in Tokyo.
Japan's Mizuho Financial Group will provide financing to help close coal power plants ahead of schedule in Southeast Asia.
Source: VnExpress
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