Procter & Gamble (P&G) Viet Nam announced on Mar 26 an investment of US$100 million to build a Gillette razor plant in Vietnam Singapore Industrial Park II, in Ben Cat District in Binh Duong Province, in a ceremony to celebrate its 20th anniversary in the country.
P&G was among the first U.S. companies to enter Viet Nam after the Viet Nam – US normalization of relations. It has become one of the top fast-moving consumer goods (FMCG) companies in the country.
P&G Vietnam already runs now one plant for hair care and laundry products and another for baby care in Binh Duong, making items under 14 brands including Ariel, Downy, Tide, Pampers, Pantene and Head & Shoulders.
Binh Duong has been one of the most attractive destinations for foreign investment. The province has attracted more than 2,400 projects worth a total registered capital of around US$21 billion from 39 countries and territories. It is expected to have US$1 billion in FDI this year.