Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Taiwan firm thinks local base could add flavour

Taiwan firm thinks local base could add flavour

Taiwan firm thinks local base could add flavour

Vedan International Holdings, a Hong Kong-listed investment holding company that produces food additives for beverage production, instant noodles and monosodium glutamate (MSG), is looking to set up a subsidiary in Cambodia by the end of the year, according to a report in Taiwanese media.

The Taiwanese company hopes the Cambodian subsidiary would serve as a new base for operations to expand into the Thai and Lao markets, a company executive was quoted as saying on Saturday.

“It is Vedan’s goal to expand the firm’s reach from Vietnam to other Southeast Asian countries in the next few years,” executive director and CEO Yang Kun-Hsiang said.

Currently Vedan has two plants in mainland China and three plants in Vietnam, and claims to hold a 50 percent market share of MSG production in Vietnam. The company’s overall sales last year reached $327.6 million, mostly on sales in China.

Yang said the Asean Free Trade Agreement could significantly reduce tax expenses for expansion into the region as the company aggressively plans to increase its presence across Southeast Asia.

“We hope to increase sales contributions from Asean from nearly 20 percent to 35 percent within three years,” Yang said in the report, adding that diversification into Cambodia would help mitigate risk from being over-reliant on the saturated Vietnamese market.

According to its 2016 annual report, Vedan began importing an undisclosed amount of raw cassava materials from Cambodia for MSG production last year. The company turned gross profit of $79 million last year, a 30.2 percent increase from the previous year.


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which

  • Phnom Penh smothered in smelly, dangerous haze as landfill fire continues burning

    A putrid haze that has bedeviled Phnom Penh since Monday night will likely continue as a landfill in Dangkao district continued to burn on Friday, creating health risks for the capital's residents. Workers at the Dangkao landfill on site on Friday attributed the fire, which