Proctor enters Vietnam

Proctor enters Vietnam

HANOI (AFP): The U.S. consumer products giant Proctor and Gamble Co. has received a licence to build a US$20 million sanitary napkin plant in the southern province of Binh Duong, a company official said yesterday.

Alan Hed, managing director of Proctor and Gamble Vietnam told AFP that the group had received the green light from the Ministry of Planning and Investment for a 100 percent foreign owned plant, licenced for 30 years.

Hed said there was "major potential for growth" in the market.

The project is Proctor and Gamble's second in Vietnam. The group has a 70 percent interest in a $36 million dollar joint venture producing shampoo, toothpaste and detergent.