P&G to invest additional $100 mln in Binh Duong province
U.S. multinational consumer goods giant Procter & Gamble (P&G) plans to invest a further $100 million in the southern province of Binh Duong to expand production, according to a company executive.
Binh Duong Vice Chairman Nguyen Van Danh (right) and P&G Vietnam country manager Priyamvada Srivastava at a meeting in the southern province on April 25, 2023. Photo courtesy of Binh Duong's news portal.
The expansion will include an additional 150 employees and reaffirm Binh Duong as a key location for P&G’s global supply chain, said Priyamvada Srivastava, country manager of P&G in Vietnam, at a Tuesday meeting with Binh Duong Vice Chairman Nguyen Van Danh.
The executive also highlighted that P&G Vietnam is striving for net-zero emissions at its factories, while cooperating with the province to train a high-quality workforce and innovate towards green and sustainable growth.
In Vietnam, P&G currently operates two plants, both in Binh Duong province, that produce fabric conditioners Ariel and Downy, dishwashing detergent Joy, fabric freshener Febreze, and Gillete razors.
After 28 years in Vietnam, P&G has invested about $300 million in Binh Duong and currently employs 800 people, according to Srivastava.
In reply, Danh proposed P&G continue its investment in Binh Duong and said the province would provide the best conditions for the firm to thrive.
The U.S. is currently the 10th-biggest investor in Binh Duong with 133 projects and total registered capital of $1.33 billion, local data shows.
The southern province is prioritizing high-tech and eco-friendly investments towards green and sustainable growth, Danh said.
P&G reported net sales of $20.1 billion in the third quarter of fiscal year 2023 (January-March 2023), up 4% year-on-year.
As of April 20, Vietnam had attracted 37,065 FDI projects with total registered capital of $445.87 billion, according to the Ministry of Planning and Investment. Of this, Binh Duong was the second-biggest hub with $40 billion, or 9% of the total.
In the year to April 20, Vietnam lured $8.88 billion in FDI, including newly registered capital, additional capital for ongoing projects, and capital contributions for stake acquisitions.
- Related News
- Read More
Southern Vietnan port establishes strategic partnership with Japan’s Port of Kobe
Long An International Port in Vietnam’s southern province of Tay Ninh and Japan’s Port of Kobe on Monday signed an MoU establishing a strategic port partnership which is expected to boost trade flows, cut logistics costs, and deliver greater benefits to businesses across the region.
Companies - Wed, November 19, 2025 | 10:14 am GMT+7
Thaco's agri arm seeks to expand $44 mln cattle project in central Vietnam
Truong Hai Agriculture JSC (Thaco Agri), the agriculture arm of conglomerate Thaco, looks to aggressively expand its flagship cattle farming project in the central Vietnam province of Gia Lai.
Industries - Wed, November 19, 2025 | 9:56 am GMT+7
Japan food major Acecook eyes new plant in southern Vietnam
Acecook, a leading instant noodle maker with 13 plants operating in Vietnam, is studying a new project in the southern province of Tay Ninh.
Industries - Wed, November 19, 2025 | 9:39 am GMT+7
Vietnam’s largest Aeon Mall to take shape in Dong Nai province
Authorities of Dong Nai province, a manufacturing hub in southern Vietnam, on Monday awarded an investment registration certificate to Japanese-invested Aeon Mall Vietnam Co., Ltd. for its Aeon Mall Bien Hoa project.
Industries - Tue, November 18, 2025 | 8:17 pm GMT+7
Police propose prosecuting Egroup CEO Nguyen Ngoc Thuy for fraud, bribery
Vietnam’s Ministry of Public Security has proposed prosecuting Nguyen Ngoc Thuy, chairman and CEO of Hanoi-based education group Egroup, along with 28 others, for fraud to appropriate property, giving bribes, and receiving bribes.
Society - Tue, November 18, 2025 | 4:01 pm GMT+7
Singapore-backed VSIP eyes large urban-industrial complex in southern Vietnam
A consortium involving VSIP, a joint venture between local developer Becamex IDC and Singapore’s Sembcorp, plans a large-scale urban-industrial development named the "Moc Bai Xuyen A complex along the Tay Ninh-Binh Duong economic corridor in southern Vietnam.
Industrial real estate - Tue, November 18, 2025 | 2:38 pm GMT+7
Aircraft maintenance giant Haeco to set up $360 mln complex in northern Vietnam
Hong Kong-based Haeco Group, Vietnam's Sun Group, and some other partners plan to invest $360 million in an aircraft maintenance, repair and overhaul (MRO) complex at Van Don International Airport in Quang Ninh province - home to UNESCO-recognized natural heritage site Ha Long Bay.
Industries - Tue, November 18, 2025 | 2:13 pm GMT+7
Thai firm opens 20,000-sqm shopping center in central Vietnam hub
MM Mega Market Vietnam (MMVN), a subsidiary of Thailand's TCC Group, on Monday opened its MM Supercenter Danang, a 20,000 sqm commercial complex with total investment capital of $20 million, in Danang city.
Real Estate - Tue, November 18, 2025 | 12:20 pm GMT+7
Vietnam PM asks Kuwait fund to expand investment in manufacturing, logistics, renewable energy
Prime Minister Pham Minh Chinh on Monday called on the Kuwait Fund for Arab Economic Development (KFAED) to strengthen cooperation with Vietnam, particularly in the areas of industrial production, logistics, renewable energy, green economy, and the Halal ecosystem.
Economy - Tue, November 18, 2025 | 11:53 am GMT+7
Thai dairy brand Betagen to build first plant in Vietnam
Betagen, a famous Thai dairy brand, plans to build its first manufacturing plant in Vietnam, located in the southern province of Dong Nai.
Industries - Tue, November 18, 2025 | 8:49 am GMT+7
Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss
Banks accounted for more than half of the 20 most profitable listed companies in Vietnam’s Q3/2025 earnings season, while property developer Novaland recorded the largest loss.
Finance - Tue, November 18, 2025 | 8:24 am GMT+7
Highlands Coffee posts strongest quarterly earnings in 2 years on robust same-store sales
Highlands Coffee, Vietnam’s largest coffee chain, delivered its best quarterly performance in two years, with Q3 EBITDA exceeding PHP666 million ($11.27 million), parent company Jollibee Foods Corporation (JFC) said in its latest earnings report.
Companies - Mon, November 17, 2025 | 10:21 pm GMT+7
Hong Kong firm Dynamic Invest Group acquires 5% stake in Vingroup-backed VinEnergo
VinEnergo, an energy company backed by Vingroup chairman Pham Nhat Vuong, has added a new foreign shareholder after Hong Kong–based Dynamic Invest Group Ltd. acquired a 5% stake, according to a regulatory filing on Saturday.
Companies - Mon, November 17, 2025 | 9:52 pm GMT+7
Thai giant CP’s Q3 Vietnam revenue drops 20% as hog prices slump
Thailand’s Charoen Pokphand Foods PCL (CPF) reported a sharp downturn in its Vietnam business in Q3, making the country its only major market to contract.
Companies - Mon, November 17, 2025 | 4:16 pm GMT+7
Surging demand for gas turbines tightens supply chains, extends lead times: Siemens Energy
Demand for gas turbines is rising rapidly, especially in regions with a surge in data center development, tightening supply chains and extending lead times - factors that investors must closely track during project preparation, according to Siemens Energy.
Companies - Mon, November 17, 2025 | 1:34 pm GMT+7
Novaland completes first phase of restructuring, targets 'returning to growth' from 2027
Novaland, a leading real estate developer in Vietnam, said it has completed the first phase of its multi-year restructuring plan and aims to finish the entire program by end-2026, positioning the company to return to growth from 2027.
Companies - Mon, November 17, 2025 | 12:26 pm GMT+7
