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Samyang Foods Plans 4.2 Trillion Dong Instant Noodle Factory in Bắc Ninh

South Korea’s Samyang Foods plans to invest about 4.2 trillion Vietnamese dong in an instant noodle factory in Bắc Ninh, with completion expected in January 2029. The factory could have up to eight production lines serving ASEAN and European markets. The company cited Vietnam’s production costs, logistics and tariff conditions in its site selection.

VietVance

1 min read

South Korea’s Samyang Foods plans to invest 218.6 billion won (about 4.2 trillion Vietnamese dong) in an instant noodle factory in Thuận Thành, Bắc Ninh, Vietnam. Completion is expected in January 2029. The factory will have up to eight production lines. It is another overseas production facility planned by the group after its factory in China, which is expected to begin operations as early as December 2026.

Samyang Foods’ Buldak spicy chicken noodles.（VietVance）

Samyang Foods said expanding production to Vietnam would help meet growing global demand for instant noodles and reduce the risks of concentrating production in a single region. The company sees advantages in Vietnam’s costs for ingredients such as wheat flour and palm oil, as well as its location, logistics and tariff conditions. The new factory could serve ASEAN and European markets. The company also considers Vietnam more favorable than the United States and Europe in terms of investment and operating costs and the time needed to complete construction procedures.

To advance the project, Samyang Foods’ board has approved an investment of 131.1 billion won (about 2.52 trillion Vietnamese dong) in the planned Samyang Foods Bac Ninh LLC, which the group will own in full. The investment plan comes as international demand for the company’s Buldak spicy chicken noodles continues to grow. In the third quarter of 2026, Samyang Foods’ consolidated revenue reached 791.8 billion won (about 15.2 trillion Vietnamese dong), up 25.3% year on year; revenue from overseas markets was 660.8 billion won (about 12.69 trillion Vietnamese dong), accounting for more than 83% of total revenue.

Vietnam is also a major consumer of instant noodles. According to the World Instant Noodles Association, Vietnam consumed more than 8.23 billion servings in 2025, about 94 million more than the previous year, ranking fourth worldwide in total consumption. Per capita consumption was about 81 servings, the highest in the world.

Source: VietVance