Samyang Foods has announced plans to build its second plant in Vietnam. The total investment will be KRW 218.6 billion, of which KRW 131.1 billion will be allocated to establishing a local Vietnamese entity, with completion and operations targeted for 31 January 2029.
Samyang Foods has selected Vietnam as its second overseas production base and will establish a local production entity, Samyang Foods Bac Ninh LLC (provisional name). The investment will total KRW 131.1 billion, and the company plans to hold a 100% interest in the newly established entity.
The total investment in the Vietnam plant, including the capital contribution, will be KRW 218.6 billion. Land and buildings will be developed to accommodate up to 8 production lines in preparation for future demand growth. Initially, 1 production line for dried noodle manufacturing will be installed, with production capacity to be expanded in line with demand.
The end date under the investment implementation schedule is 31 January 2029. Vietnam’s advantages include lower raw-material and labour costs and the ability to pursue the European and ASEAN markets simultaneously.
In addition to Vietnam, the company is proceeding with construction of an overseas plant in Jiaxing, Zhejiang Province, with the aim of increasing overall production capacity in the future.
Samyang Foods has stated that it aims to ensure stable supply in response to changes in demand by reducing geopolitical, logistics and tariff risks through regional diversification.