date:Jan 16, 2014
Vinamilk, a Vietnam-based dairy company, has secured an overseas investment certificate from the Vietnamese government to construct a milk factory in the capital of Phnom Penh, Cambodia, with an investment of $23m.
The company will hold 51% stake in the plant, while Cambodia-based Angkor Dairy Products will own the remaining 49% share.
Set to commence production in 2015, the facility will produce 19 million liters of liquid milk, 64 million jars of yogurt and 80 million cans of condensed milk.