Vietnam Dealbook: Nestle invests $70m in sixth factory; SCIC , Russia's VTB Group sign MoU for future investments

Vietnam Dealbook: Nestle invests $70m in sixth factory; SCIC , Russia's VTB Group sign MoU for future investments

Visual from Nestle Vietnam website.

The state investment vehicle of Vietnam, the State Capital Investment Corporation (SCIC), has formed alliance with Russian financial group VTB to boost investments and business tie-ups between the two countries. Meanwhile, Swiss transnational food and beverage firm Nestle has started to build its sixth facility -a $70 million factory-  in Vietnam.

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