Of the total, $46 million will be invested in Ho Chi Minh City.

Wilmar CLV Group of Singapore plans to invest an additional
$53 million in Vietnam in 2026, including $46 million to be poured into Ho Chi Minh City, its CEO
Zhou Quan Wei announced during a meeting with Ho Chi Minh City authorities on December 1.

“This investment includes the expansion of the vegetable oil
refining and packaging plant, as well as the expansion of seasoning powder and
mayonnaise production,” he said.

Mr. Zhou affirmed that the corporation will continue to support
HCM City in enhancing food security, improving product quality, promoting green
transition initiatives, and contributing to social welfare programs.

Vice Chairman of the municipal People’s Committee Nguyen Van
Dung said HCM City always welcomes Singaporean investors, including Wilmar
Group, and pledges continued support for the corporation’s expansion plans.

Singapore remains the largest foreign investor in Ho Chi Minh City, with
total registered capital exceeding $15 billion, mainly in high-end real estate,
urban infrastructure, logistics, and energy.

VnEconomy-Thanh Thủy