Vinasoy listed among world’s largest soymilk manufacturers

The Vietnam Soya Product Company (Vinasoy) has been listed among the five largest soymilk manufacturing companies in the world, after the opening of the second phase of its plant in the northern province of Bac Ninh on August 25.

The manufacturing line in the Vinasoy’s plant in Bac Ninh province (Credit: baobacninh.com.vn)
The manufacturing line in the Vinasoy’s plant in Bac Ninh province (Credit: baobacninh.com.vn)

Covering an area of 61,000 square metres in the Tien Son Industrial Zone, the factory has been equipped with automatic and modern technology by Sweden’s Tetra Pak Corporation.

With a total investment of VND1.28 trillion (nearly US$56.8 million), the two-phase plant has doubled its designed annual capacity to 180 million litres of soy milk per year.

In addition to the plant in Bac Ninh, Vinasoy also has another plant in the central province of Quang Ngai, increasing the company's supply capacity of 1.5 billion dairy products.

The company’s position is expected to increase after the construction of its third factory in the 2A Vietnam-Singapore Industrial Park in the southern province of Binh Duong, scheduled to begin in late 2015.

Vinasoy has co-operated with many prestigious soya research centres both in the country and abroad in order to create high-quality material resources.

According to a survey, Vietnamese people consume over 1.5 million litres of soymilk per day, of which 32% are boxed products. Vinasoy has captured around 82.7% of national market share in 2014, bringing in a total revenue of approximately VND3.1 trillion (US$13.75 million).

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