Thanh Hoa: Viet Nam-Singapore confectionery joint venture inaugurated

The KIKI-Lam Son Joint Stock Food Company, a joint venture between the Lam Son Sugar Joint Stock Company and Singapore’s KIKI Food Processing Group, was officially put into operation in central Thanh Hoa province on January 16.

The KIKI-Lam Son Joint Stock Company is capable of producing more than 3,000 tonnes of rice vermicelli and high-quality confectionery a year for both local market and export.

The 50-year joint venture has an investment capital of 2 million USD, of which the Vietnamese side contributes 49 percent and Singaporean side, 51 percent.

It has recruited 300 local workers.

VNA

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