Ground broken on candy factory in Nghe An

Invested by Hai Chau Confectionery JSC with  VND360 million (US$16 million), the factory will have 10 production lines, providing 75,000 tons of products each year. 

It is expected to earn annual revenue of VND1.7 trillion (US$74 million).

Speaking at the ceremony, Chairman of the provincial People’s Committee Nguyen Xuan Duong vowed to facilitate the operation of the factory, which is regarded as its company’s key project in the north central region.

According to the Business Monitor International (BMI), the nation’s confectionery sector has experienced a relatively high and stable growth rate and is forecast to earn VND 40 trillion (US$1.8 billion) in revenues next year.

                                                                                                                    By Vien Nhu