Villa Nueva is a municipality in the Guatemala department of Guatemala. Villa Nueva is located 16 kilometres south of Guatemala City and has a population of 710,218 people, making it the second largest city in Guatemala, after Guatemala City. It was founded on 17 April 1763, long before Guatemala declared its independence from the Spanish Empire. The local economy largely depends on industry, with the municipality having some 25 factories that produce such products as textiles, metallurgical goods, and plastics. The area's agricultural products include rice, dairy, fruits, and vegetables.