Vietnam: Machinery giant looks to industrial investment

The Vietnam Machinery Assembling Corporation Lilama has so far this year invested almost 2 trillion VND in hydro and thermal-power projects and cement factories. The Vung Ang 1 thermal-power project alone is set to cost the compnay 1.2 billion USD. With a capacity of 1,200 MW, the ground and site have been cleared and is ready for construction. Other projects included the Thang Long Cement Plant with an annual capacity of 2.3 million tonnes of clinker and the Song Thao Cement Plant scheduled to become operational by May, 2009.