Vietnamese-Taiwanese cement joint venture Chinfon Haiphong is expected to begin work on a 1Mta cement plant in the central province of Quang Ngai late this year.
The company is completing the procedures for the 6.3ha factory targeting local- and foreign-invested construction projects in the Dung Quat Economic Zone and neighboring areas.
The provincial government has asked the company to submit reports on technology, environmental impact and input materials for the facility, which will cost VND1 trillion (US$70m).
When put into operation, this will become the second cement project in the zone. The first project is being developed by Hanoi’s Dai Viet Investment, Material, and Construction Joint Stock Co at a total cost of nearly VND200bn. Dai Viet started work on the project early this month.
The Dai Viet-Dung Quat cement grinding plant covering 6.3ha and using German technology will be able to supply 500,000tpa of cement for construction projects in the zone.
The 10,300ha Dung Quat zone has attracted more than 100 projects valued at a total of more than US$5bn.
In a related development, Anh Sao Co., Ltd has got approval to invest US$20m to build an eco-resort in My Khe Beach in Quang Ngai’s Son Tinh District.
The 13-hectare resort is expected to be up and running by 2010.