Covering an area of 8.5 hectares, the plant has a total investment of VND900 billion (US$40.5 million). It is scheduled to be completed and put into operation later this year, with an annual capacity of 180 million litres of soymilk. Ngo Van Tu, CEO of Vinasoy, said once becoming operational, the plant will contribute to shortening time and distance for transporting the company’s products to southern localities. 

Vice Chairman of the provincial People’s Committee Tran Thanh Liem affirmed that the new project matches the locality’s economic development orientation. Vinasoy is the largest soymilk producer in the country at present, accounting for over 84.2% of the market share. It now operates two manufacturing plants in central Quang Ngai and northern Bac Ninh provinces, bringing in annual revenue of VND3.8 trillion (US$171 million).