Speaking at the ceremony, Deputy Prime Minister Hoang Trung Hai praised efforts of the Ha Nam Province in attracting investments over the past five years and making it a reliable destination for domestic and foreign investors.
Hai highlighted the previous efforts of clearing the land and training workers for the project and urged the province to continue supporting the construction of the project.
The Deputy PM also suggested the investor focuses resources on construction to maintain the working schedule while simultaneously ensuring food and environmental safety.
With a total investment of almost 2 trillion VND (95.2 million USD) made by Tan Hiep Phat Group, the state of the art complex features cutting edge European technology, providing an annual output of 600 million litres per year.
According to the investor, the project is divided into two phases, with the first stage of production expected to be operational by the end of next year.
When the factory is in full operation by 2020, it will contribute 800 billion VND (38.1 million USD) to the State Budget and give jobs to 2,000 local workers.
The factory will sit in the Kien Khe Industrial Complex I in Kien Khe Commune, Thanh Liem district, Ha Nam province.