The People’s Committee of the southern province of Hau Giang has given the green light to Can Tho Cement Joint Stock Company (CCM) to build a VND200-billion (US$11.21m) cement plant in the province, the Vietnam News Agency reported Monday.

The 10-ha plant to be located in the Phu Huu A Industrial Complex will be capable of producing 500,000 tons of cement per year.

The Hanoi Stock Exchange-listed company expects pretax profit of VND13 billion on revenue of VND230 billion and cash dividend payouts of VND1,800 per share this year.
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