Buldak Ramen to Be Made in Pho’s Homeland... Samyang Foods Co., Ltd. to Build Vietnam Factory with 218.6 Billion Won

[Financial News] Samyang Foods Co., Ltd. has selected Vietnam as its next overseas production base after China and is accelerating the expansion of its global supply chain. Its strategy is to meet the rapidly growing global demand for Buldak Ramen in Southeast Asia, Europe and other markets reliably by building a local factory.
Samyang Foods Co., Ltd. disclosed on the 11th that it had decided to invest approximately 131.1 billion won to establish a production subsidiary in Vietnam, with total investment of 218.6 billion won.
The investment schedule is set to end on January 31, 2029. To prepare for continued steep growth in global demand, Samyang Foods Co., Ltd. plans to secure land and buildings large enough to accommodate up to eight production lines in advance. It plans to first install and operate one dried-noodle production unit in Thuan Thanh, Vietnam, and then finalize plans for additional lines in stages, depending on market conditions.
Samyang Foods Co., Ltd. is pursuing the construction of a production plant in Vietnam after China in order to respond to external uncertainties by separating its production hubs by region. By diversifying its production bases, the company aims to spread the risks that could arise from concentrating production in a single region—including geopolitical issues, rising logistics costs and tariff barriers—and respond nimbly to demand in each market.
A Samyang Foods Co., Ltd. representative said, “Vietnam offers strong manufacturing cost competitiveness because it can reduce procurement costs for key raw materials such as wheat flour and palm oil, as well as labor costs. It is also an optimal location for targeting major markets such as Europe and ASEAN at the same time in terms of logistics and tariffs. We took into account all these advantages, as well as the fact that construction permits and building time can be reduced compared with the United States and Europe, and that Vietnam is much more favorable in terms of both capital expenditure (CAPEX) and operating expenditure (OPEX).”
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