Samyang Foods Builds Vietnam Factory with 218.6 Billion Won

Samyang Foods is pouring over 200 billion won (around $150 million) into constructing a new factory in Vietnam. This is part of the company's strategy to expand its production base overseas, following the establishment of its first foreign production site in China. The company announced on November 11 that it will form a production corporation in Vietnam and build a factory in Thuan Thanh.

The factory is expected to be fully operational by January 31, 2029 and will have a capacity to run eight production lines. The total investment amount is estimated at 218.6 billion won, which includes costs for land, construction, and a dried noodle production line facility. The company plans to finalize the construction plan for additional production lines sequentially.

Samyang Foods stated their objective is to strengthen their capabilities to handle global demand. By establishing a production factory in Vietnam, the company aims to diversify regional risks due to geopolitical issues and logistics tariffs, and to respond stably to the increasing demand in each market. They also found Vietnam to have a cost advantage for wheat flour and palm oil, and strong market responsiveness in logistics and tariffs for major regions in Europe and the ASEAN area.

The company's board of directors decided to invest around 131.1 billion won in the newly formed Vietnamese corporation, 'Samyang Foods Bac Ninh LLC'. The investment will be made in stages and will be completed by January 31, 2029. With the completion of the Miryang Plant 2 in June of the previous year, Samyang Foods is set to start operations at its Jiaxing factory in China as early as next month.

The company is investing 207.2 billion won to build eight production lines at the Chinese factory, which can produce approximately 1.13 billion ramen noodles annually. This factory will cater to domestic demand in China, freeing up resources for the domestic factories to supply products to the United States and Europe. Samyang Foods' Chairman, Kim Jung-soo, revealed a plan at SIAL Paris 2026, suggesting Europe and Southeast Asia as potential candidates for further overseas production bases, with a decision to be made within the year.